Journals Information
Universal Journal of Accounting and Finance Vol. 10(2), pp. 527 - 537
DOI: 10.13189/ujaf.2022.100217
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Indonesia Tourism Enterprises' Stock Returns Research: Looking Back and Moving Forward
Subur Karyatun 1, Mahlia Muis 2, Abdul Razak Munir 2, Sumardi 2, Kadek Wiweka 3,4,*
1 Faculty of Economic and Business, Hasanuddin University & National University, Indonesia
2 Faculty of Economic and Business, Hasanuddin University, Indonesia
3 脡cole Doctorale Soci茅t茅s, Temps, Territoires (EDSTT) Tourisme, Universit茅 Angers, France
4 Department of Research, Sahid Polytechnic, Indonesia
ABSTRACT
The objective of this research is to compare movement of stock return literature on companies in the tourism sector and other businesses. This study also analyzed comprehensively the relationship between contexts built on the literature. The mix method approach is adopted by combining text mining methods, which are analyzed using network and content analysis methods. The scientific literature was collected using the web scraping method on Litmaps and selected 200 articles and only used 195 articles (between 2000-2021) related to the topic of stock returns and 23 (between 2013-2020) related to the tourism company sector. In the process of data analysis and visualization, this study uses AntConc, RStudio, and Gephi software. This review discovered that in terms of topic and context, stock return studies discuss issues related to the influence of fundamental factors on stock returns, and vice versa, while the approach used is mostly quantitative based on the financial performance reports. Regarding the frequency of appearance, this result revealed that the effects of fundamental factors on stock returns in tourism companies can be translated into a number of strategic issues, including Current Ratio, TATO, ROE, FATO, and Systematic Risk, which provide a significant and positive effect on Direct Share Prices. Furthermore, the Current Ratio, TATO, ROE, and FATO are thought to have a significant and positive effect on stock returns via Systematic Risk. The scope of this research is limited to the national journal (Indonesia) on the Litmaps search engine. In theory, the results of this research can be used as a comparison and considerations related to previous studies, as well as what investigation requires to be done immediately, in the context of tourism companies' stock returns. The literature study on the tourism companies' stock returns issue is perhaps the first systematic literature review in Indonesia.
KEYWORDS
Stock Return, Tourism Companies, Literature Review, Text Mining, Network Analysis
Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Subur Karyatun , Mahlia Muis , Abdul Razak Munir , Sumardi , Kadek Wiweka , "Indonesia Tourism Enterprises' Stock Returns Research: Looking Back and Moving Forward," Universal Journal of Accounting and Finance, Vol. 10, No. 2, pp. 527 - 537, 2022. DOI: 10.13189/ujaf.2022.100217.
(b). APA Format:
Subur Karyatun , Mahlia Muis , Abdul Razak Munir , Sumardi , Kadek Wiweka (2022). Indonesia Tourism Enterprises' Stock Returns Research: Looking Back and Moving Forward. Universal Journal of Accounting and Finance, 10(2), 527 - 537. DOI: 10.13189/ujaf.2022.100217.