Widyan Apriliska Fajri
Airlangga University

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Faktor yang Mempengaruhi Nilai Perusahaan Properti yang Terdaftar di Indeks Saham Syariah Indonesia 2014-2017 Devita Alliv Nurdiana; Widyan Apriliska Fajri
Telaah Bisnis Vol 19, No 2 (2018): Desember 2018
Publisher : Sekolah Tinggi Ilmu Manajemen YKPN Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (496.823 KB) | DOI: 10.35917/tb.v19i2.170

Abstract

The aim of the research is to find empirical evidence about the effect of dividend policy, capital structure, and profitability on firm value. This research uses a sample of property company that listed on Indonesian Islamic Stock Index (ISSI) from 2014-2017. We uses purposive sampling method as data collection method and Common Effect Model as an analysis technique. Using a sample of 16 property firms, we find that the dividend policy, capital structure, and profitability are positivly and significantly affect the firm value. Simultaniously dividend policy, capital structure, and profitability significantly affect the value of the company with a variation of value of 45,9 percent, while the remaining 54,1 percent is explained by other factors not explained in the research model.
The Relationship Between Macroeconomics Variables and Islamic Stock Market Returns Listed in Indonesian Islamic Stock Index Widyan Apriliska Fajri; Devita Alliv Nurdiana; Sulistya Rusgianto
Journal of Islamic Economics Lariba Vol. 6 No. 2 (2020)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

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Abstract

ABSTRACT:The aim of this paper is to explore the extent to which macroeconomic variables affect the Islamic stock market behavior in Indonesia between Oct 2014 until the end of 2019. The paper uses the latest estimation technique of Autoregressive Distributed Lag (ARDL) model approach to cointegration. The data used is secondary data by collecting data from the official websites of Bank Indonesia, BPS, IDX, and Indopremier. The results suggest that GDP, interbank interest rates, IHSG seem to be suitable targets for the government to focus on in short-term. As for long-term, the GDP and IHSG significantly influence the Islamic stock market return, and that's the targets for the government to focus in order to stabilize the Islamic stock market and to encourage more capital flows into the market.Keywords: Islam, Stock Market, Macroeconomics, Indonesia