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Journal : Journal of Financial Economics

RISK DAN RETURN SAHAM PERUSAHAAN TELEKOMUNIKASI TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2021 Karwati, Novianti Mufidah; Anindyntha, Firdha Aksari
Journal of Financial Economics & Investment Vol. 3 No. 1 (2023): Journal of Financial Economics & Investment
Publisher : Program Studi Ekonomi Pembangunan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jofei.v3i1.21579

Abstract

The purpose of this study determine the effect of market risk, debt to equity ratio, and earnings per share on stock returns in Telecommunications Sub Sector companies listed on the Indonesia Stock Exchange for 2017-2021 period. The objects in this study are all Telecommunications Sub Sector companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2021 period. This study used a purposive sampling technique in determining the research sample. There are 11 companies were obtained as research samples according to sample criteria. The analytical method used is panel regression. Based on the best model selection test, the model in this study is the random effect model. The results of the study show that market risk has a positive and significant effect on stock returns. While the debt to equity ratio and earnings per share have a significant negative effect on stock returns.
THE PERFORMANCE OF CONVENTIONAL BANKING AND SHARIA BANKING IN INDONESIA Sasmita, Anggun Dewi; Anindyntha, Firdha Aksari
Journal of Financial Economics & Investment Vol. 4 No. 1 (2024): Journal of Financial Economics & Investment
Publisher : Program Studi Ekonomi Pembangunan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jofei.v4i1.31693

Abstract

Indonesia is a country with the largest Muslim population in the world. However, public interest in sharia banking in Indonesia is not as big as conventional banking. This study aims to identify how the performance of conventional banking and Sharia banking differs using the RGEC approach for the 2011-2020 period by looking at the difference test between the two banks. The difference test uses the Paired Sample T-Test and the Wilcoxon test. The findings show that there are performance differences between conventional banking and Sharia banking. The most significant difference is in profitability that using variable of ROA. Furthermore, a second test was carried out using panel regression to determine the factors that can affect the profitability of the two types of banking, using bank internal factors, namely the ratio of NPL or NPF ratio and LDR or FDR and LDR s well as well as external factors, including inflation and interest rates. The findings show that the NPL has a significant negative effect on the profitability of Sharia banks. Meanwhile, LDR has a negative effect on profitability of conventional bank. Interest rates have a positive and significant effect on both conventional and sharia banking, while inflation has no significant effect on the profitability of the two types of banks. These results indicate that both types of banking need to manage banking performance by utilizing interest rate instruments which have a positive impact on increasing profitability