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All Journal SINTEK JURNAL: Jurnal Ilmiah Teknik Mesin Tsarwah : Jurnal Ekonomi dan Bisnis Islam Indonesian Journal for Physical Education and Sport Jurnal Manajemen dan Bisnis
Ahmad Sarifudin
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Automotive Engineering Control & Systems Engineering Economics, Econometrics & Finance Health Professions Industrial & Manufacturing Engineering Materials Science & Nanotechnology Mechanical Engineering

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Journal : Tsarwah : Jurnal Ekonomi dan Bisnis Islam

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Pengaruh Right Issue dan Kurs Rupiah Terhadap Harga Saham Syariah Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Suci Wulandary, Anissa; Sarifudin, Ahmad
TSARWAH Vol. 8 No. 2 (2023): December
Publisher : PROGRAM STUDI EKONOMI ISLAM PROGRAM PASCASARJANA IAIN SULTAN MAULANA HASANUDDIN BANTEN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/tsarwah.v8i2.10070

Abstract

This study explores the impact of Right Issue and the exchange rate (kurs Rupiah) on the stock prices of Sharia-compliant companies listed on the Indonesia Stock Exchange from January 2017 to May 2022. Utilizing purposive sampling, 41 companies were selected for analysis using the multiple linear regression model and Eviews 10 software. The results reveal that Right Issue significantly negatively affects Sharia stock prices (t-value < t-table, -2.217714 < 2.02809, p = 0.0336 < 0.05). Conversely, the exchange rate (kurs Rupiah) does not significantly impact Sharia stock prices (t-value < t-table, -1.140584 < 2.02809, p = 0.2623 > 0.05). Simultaneously, both variables significantly influence Sharia Stock Prices (F-value = 4.13, p = 0.044863 < 0.05), indicating their combined positive and negative effects. Right Issue and Kurs Rupiah can be used as indicators of a company's value or stock price. The R-squared value is 0.171493 or 17%, implying that 17% of the variability in Sharia Stock Prices is explained by these variables. In conclusion, Right Issue and Kurs Rupiah contribute to a 17% influence on Sharia Stock Prices, while the remaining 83% is influenced by unexplored variables.
Co-Authors Anas Hidayat, Anas Eri Diniardi Ipang Setiawan Koos Sardjono Suci Wulandary, Anissa Sutrisno, Sutrisno