Azzahra PuanHermanda
Program Studi Ekonomi Syariah UIN Sulthan Thaha Saifuddin Jambi, Indonesia

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Pengaruh Return On Equity, Current Ratio, Dan Islamic Social Reporting Terhadap Return Saham Pada Perusahaan Sektor Energi Yang Terdaftar Dalam Indeks Saham Syariah Indonesia Tahun 2020-2024 Azzahra PuanHermanda; Usdeldi Usdeldi; Muthmainnah Muthmainnah
Tasyri' : Jurnal Muamalah dan Ekonomi Syariah Vol. 8 No. 2 (2026): TASYRI’: Jurnal Muamalah dan Ekonomi Syari’ah
Publisher : Fakultas Hukum dan Ekonomi Syariah Institut Agama Islam Pangeran Dharma Kusuma Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55656/tjmes.v8i2.689

Abstract

This study examines the influence of Return on Equity (ROE), Current Ratio (CR), and Islamic Social Reporting (ISR) on stock returns of energy sector companies listed in the Indonesian Sharia Stock Index (ISSI) for the period 2020–2024. A quantitative approach was used with panel data analysis employing the Common Effect Model (CEM) through EViews 13 software. The sample consists of 8 energy sector companies selected using purposive sampling, yielding 40 observations. The results indicate that ROE, CR, and ISR do not have a significant partial effect on stock returns. Similarly, the simultaneous test (F-test) shows that all three variables jointly do not significantly influence stock returns, with an Adjusted R-squared of only 3.58%, suggesting that 96.42% of stock return variation is explained by other variables outside the model. These findings imply that energy sector investors tend to consider macroeconomic factors, commodity price fluctuations, and market sentiment rather than the company's fundamental financial ratios or sharia social disclosure in their investment decisions.