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All Journal Journal of Finance and Islamic Banking
Reza Faisal Husein
PT. Mutiara Cemerlang Teknologi Sidoarjo
Religion Economics, Econometrics & Finance Social Sciences

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The Performance of the Socially Responsible Investment Index in Indonesia Bintang Ramadhan Putra; Reza Faisal Husein
Journal of Finance and Islamic Banking Vol. 4 No. 2 (2021)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jfib.v4i2.4901

Abstract

In Indonesia, several stock indices can be used as a reference in investing in stocks, such as the LQ-45, JII, and SRI-KEHATI stock indexes. The SRI-KEHATI stock index emphasizes its attention to sustainable and responsible investment (SRI), which is a manifestation of socially responsible investing, a perspective in investing where attention to ethics, social, and normative views of investors influences investors' decisions in investing. The purpose of the study was to compare the performance of SRI-KEHATI stock indexes against LQ-45 and JII based on risk-adjusted return using Sharpe, Treynor, and Jensen's Alpha ratios with an observation period from January 2015 to December 2019. The results showed that the overall performance of the SRI-KEHATI stock index managed to outperform the performances of LQ-45 and JII. Based on these results, investors can look at the stocks listed in the SRI-KEHATI stock index because, in addition to getting.
Co-Authors Bintang Ramadhan Putra