[ABSTRAK
Tesis ini membahas mengenai analisis pengaruh kepemilikan saham investor asing di masa lalu, likuiditas, ukuran perusahaan, imbal hasil indeks harga sektoral dan rasio nilai buku dengan nilai pasar terhadap Kepemilikan Saham Investor Asing pada Perusahaan Sektor Transportasi yang Terdaftar di Bursa Efek Indonesia. Berdasarkan data volume perdagangan dan harga saham sektor transportasi, pergerakan grafik atas kedua hal tersebut cenderung stagnan, sehingga peneliti berasumsi bahwa saham-saham di sektor transportasi kurang likuid sehingga investor asing tidak memiliki kesempatan untuk melepaskan kepemilikannya untuk menghindati kerugian investasi. Hasil dari penelitian ini adalah bahwa variabel kepemilikan saham investor asing di masa lalu memiliki hubungan positif dan signifikan terhadap kepemilikan saham investor asing, Return Indeks Harga Sektoral Transportasi dan Likuiditas yang diukur dengan Current Ratio memiliki hubungan negatif dan signifikan terhadap kepemilikan saham investor asing. Size yang diukur dengan volume perdagangan saham memiliki hubungan negatif tetapi tidak signifikan terhadap kepemilikan saham investor asing sedangkan Book to Market Ratio memiliki hubungan positif tetapi tidak signifikan terhadap kepemilikan saham investor asing.

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ABSTRACT
This thesis discusses previous foreign investor?s ownership, liquidity, size, sectorialprice index return and book to market ratio have influence to foreign investorownership. Based on data from the trading volume and share price the transportsector, the graphic movement on both side tend to stagnate, so researcher assumesthat stocks are not liquid in the transport sector so that foreign investors do not havethe opportunity to divest their holdings to avoid investment losses. Results from thisstudy are that the foreign investor previous ownership has positive relationship andsignificant to foreign investor ownership, Sectorial Price Index Return and Liquidityhave negative relationship and significant to foreign investor ownership. Size whichmeasure by trading volume has negative relationship but insignificant to foreigninvestor ownership and book to market ratio has positive relationship butinsignificant to foreign investor ownership;This thesis discusses previous foreign investor?s ownership, liquidity, size, sectorialprice index return and book to market ratio have influence to foreign investorownership. Based on data from the trading volume and share price the transportsector, the graphic movement on both side tend to stagnate, so researcher assumesthat stocks are not liquid in the transport sector so that foreign investors do not havethe opportunity to divest their holdings to avoid investment losses. Results from thisstudy are that the foreign investor previous ownership has positive relationship andsignificant to foreign investor ownership, Sectorial Price Index Return and Liquidityhave negative relationship and significant to foreign investor ownership. Size whichmeasure by trading volume has negative relationship but insignificant to foreigninvestor ownership and book to market ratio has positive relationship butinsignificant to foreign investor ownership, This thesis discusses previous foreign investor’s ownership, liquidity, size, sectorialprice index return and book to market ratio have influence to foreign investorownership. Based on data from the trading volume and share price the transportsector, the graphic movement on both side tend to stagnate, so researcher assumesthat stocks are not liquid in the transport sector so that foreign investors do not havethe opportunity to divest their holdings to avoid investment losses. Results from thisstudy are that the foreign investor previous ownership has positive relationship andsignificant to foreign investor ownership, Sectorial Price Index Return and Liquidityhave negative relationship and significant to foreign investor ownership. Size whichmeasure by trading volume has negative relationship but insignificant to foreigninvestor ownership and book to market ratio has positive relationship butinsignificant to foreign investor ownership]