Jurnal Ekonomi dan Manajemen
Vol 15 No 1 (2021): Jurnal Ekonomi dan Manajemen

COMPARATIVE ANALYSIS OF RISK AND RETURN ON INDONESIAN ISLAMIC STOCK INDEX IN DIFFERENT ECONOMIC CONDITIONS

Deni Pandu Nugraha (Universitas Islam Negeri Syarif Hidayatullah, Indonesia)



Article Info

Publish Date
05 May 2021

Abstract

This study aims to analyze the differences in risk and rate of return on Islamic stocks during the economic crisis, when the economy is stable, and during the pandemic-covid. The sample used is the Indonesian Islamic stock index JII30 from 2018-2020. The data analysis used was a different test (T-test). The test variable uses stock returns and risk as proxied by Value at Risk (VaR). The results indicate there is no significant difference in the return and risk of stock index JII30 between economic crisis conditions and when economic conditions are stable. However, there is a significant difference between the JII30 stock index when the economy is stable and during the pandemic-covid, also there were significant differences in return and risk in the JII30 Index between the economic crisis (2018) and the pandemic's economic conditions (2020).

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Journal Info

Abbrev

JEM

Publisher

Subject

Description

Focus and Scope This journal consists of three sections. Paper must be submitted according to the section Management and Bussines Scopes: Financial Management Working capital management, accounts receivable, inventory, cash budgeting, time value of money, capital market, financial performance, ...