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ANALYSIS OF RETURN ON EQUITY, CURRENT RATIO AND DEBT TO EQUITY RATIO TO CHANGES IN PROFIT IN SHARIA ISSUERS JAKARTA ISLAMIC INDEX Mukhlisul Muzahid; Aryati; Lukman
International Journal of Educational Review, Law And Social Sciences (IJERLAS) Vol. 2 No. 6 (2022): November
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijerlas.v2i6.820

Abstract

This study aims to examine and analyze Return On Equity, Current Ratio and Debt to Equity Ratio which have a significant effect on changes in earnings. This study uses a quantitative descriptive approach, the data used is panel data, with panel data regression analysis method as a data processing tool. Total population of 45 companies, research samples using purposive sampling obtained as many as 18 samples. The data was first tested by classical assumptions, normality test, multicollinearity test and heteroscedasticity test, panel data regression test and hypothesis testing using simultaneous test and partial test with a significant value of 0.05. The results showed that simultaneously Return On Equity, Current Ratio and Debt to Equity Ratio have a significant effect on earnings changes. partially Return On Equity and Current Ratio have a positive and significant effect on earnings changes, while the Debt to Equity Ratio has no significant effect on earnings changes. The results of the Adjusted R Square test show that the variation in the dependent variable is changes in earnings which can be explained by Return On Equity, Current Ratio and Debt to Equity Ratio of 41% while the remaining 59% can be explained by other variables outside this study.
ANALYSIS FACTOR KURS, INFLATION RATE, INTEREST RATE AND BANK CENTRAL SHARIA CERTIFICATE OF SHARIA STOCK INDEKS Mukhlisul Muzahid; Lukman; Aryati
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 1 No. 2 (2021): December
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v1i2.822

Abstract

This study aims to determine the effect of the exchange rate, inflation rate, interest rate, and central bank sharia certificate on the sharia stock index. The data used in this study is in the form of panel data using a sample of 50 companies registered on the sharia stock index for 2017-2021. The data analysis technique in this study uses panel data analysis with the fixed effect model. The results showed that simultaneously the exchange rate, inflation rate, interest rate, and the Central Bank's sharia certificate had a significant effect on the sharia stock index. This is based on the results of the F test, namely the calculated F value > F table (47.86140> 2.44) with a prob level (F-Statistic) of 0.000 using an α level of 0.05 or 5%. While partially the exchange rate and inflation rate have no effect on the sharia stock index, but the interest rate and the central bank sharia certificate have a significant effect on the sharia stock index.