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Journal : JOURNAL OF APPLIED BUSINESS ADMINISTRATION

Firm Performance and Stock Returns: The Moderating Role of Google Search Volume Index: Evidence from Companies Listed in Indonesian Sharia Stock Index R, Mandasari; R, Mardiana; Dewinda, Mutty Claudia
Journal of Applied Business Administration Vol 7 No 2 (2023): Journal of Applied Business Administration
Publisher : Pusat P2M Politeknik Negeri Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30871/jaba.v7i2.7056

Abstract

This study examines the effect of company performance on stock returns moderated by Google search volume on companies listed on the Indonesia Sharia Stock Index (ISSI). The research sample consists of companies registered with ISSI from January 1, 2020, to December 31, 2021. The results showed that the company's performance indicators, ROE and EPS, significantly positively affected stock returns. In addition, Google search volume directly impacts the increase in stock returns and positively moderates the relationship between EPS and stock returns. This research contributes to the accounting and capital market literature by looking at synergies between companies and investors' attention to Islamic stock returns, especially in times of crisis.