Jurnal Ilmiah Peuradeun
Vol 10 No 2 (2022): Jurnal Ilmiah Peuradeun

Analysis of the Effect of the Probability Ratio on Sharia Stock Return (Study on the List of Undelisting Sharia Stocks in the Jakarta Islamic Index December 2014-2018)

Nilam Sari (Faculty of Islamic Economy, Ar-Raniry State Islamic University, Indonesia)
Kamal Fachrurrozi (Faculty of Economy, Syiah Kuala University, Indonesia)
Irhas Rizqy (Faculty of Islamic Economy, Ar-Raniry State Islamic University, Indonesia)



Article Info

Publish Date
30 May 2022

Abstract

This research was conducted to determine the effect of Return On Assets, Return On Equity, and Earning Per Share on Sharia Stock Returns in Indonesia. The data used in this study comes from the Indonesia Stock Exchange for the 2014-2018 period. The method used was descriptive statistical analysis and Fixed Effect Model (FEM) panel regression analysis. The results of this study indicated that partially the Return On Asset variable had a negative and significant effect on Sharia Stock Return. While the variables Return On Equity and Earning Per Share partially had a positive and significant effect on Sharia Stock Return. Then, simultaneously the variables Return On Asset, Return On Equity, and Earning Per Share had a positive and significant effect on Sharia Stock Return.

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Journal Info

Abbrev

jipeuradeun

Publisher

Subject

Religion Humanities Education Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Jurnal Ilmiah Peuradeun (JIP), the International Journal of Social Sciences, is a leading peer-reviewed and open-access journal, which publishes scholarly work, and specializes in the Social Sciences, consolidates fundamental and applied research activities with a very wide-ranging coverage. This ...