The Role of Non-Fundamental Information in Significant Stock Returns: an Empirical Analysis of Non-LQ45 Stocks on the Indonesian Stock Exchange for the Period 2021–2025
This study examines the effect of investor sentiment, illiquidity, and stock volatility on the returns of non-LQ45 stocks listed on the Indonesia Stock Exchange (IDX) during 2021 to 2025, with firm size as a control variable. Using a purposive sample of 375 non-LQ45 stocks from a population of 958 IDX-listed stocks as...