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Journal : Unisia

The Effect of Return on Asset, Earning per Share, Price Earnings Ratio, BI-Rate on Sharia Stock Prices Listed on Jakarta Islamic Index 70 Widyaningrum, Lina; Andni, Riyan
Unisia Vol. 42 No. 1 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/unisia.vol42.iss1.art20

Abstract

This study analyzes the effect of return on assets, earnings per share, price earnings Ratio and BI-Rate on the price of Shari’ ah shares in a managed company included in the Jakarta Islamic Index 70 (JII 70). Sampling using the Purposive Sampling technique by looking at data from quarterly financial statements for the period March 2018 to December 2022 obtained six samples of companies in the consumer goods sector. This includes quantitative research using documentation methods and literature sourced from secondary data. using fixed-effect estimation models and panel data regression analysis methods, with a chow test, Hausman test, classical assumption test, and hypothesis test, where data processing was performed using Eviews. The results showed that ROA and PER affected stock prices, while PER and BI-Rate did not have a partial effect on stock prices. Simultaneously, ROA, EPS, PER and BI-7day can affect stock prices. Thus, a definite investor decision can be made regarding the stock when the factors meet the accepted yield criteria. However, it is necessary to conduct further research on the relationship of factors in understanding market conditions that are indicators in investment decisions to be more relevant and obtain benefits in the future.
Co-Authors Afandi, Johan Afisa, Ulya Noor Ahmad Febrizan Akrom, Luqi Zidan Shofi Amalia, Eka Nurul Amelia Putri, Alya Rizka Anggraini, Devi Dwi Anggraini, Devy Dwi Anindya, Suxiang Anjelina, Novita Aqliya, Jauharotun Sholha Arief Hidayat Afendi, Arief Hidayat Aulia, Cholivatul Avinash, Buschhaus Ayumna, Frida Salma Azhari, Delbi Rizka Adik Azzahra, Lailatul Maulida Betania Kartika Muflih Bevoor, Bevoor Candra, Eki Choirun Nisa, Alfi Dhia R.A., Salsabila Dwi Nastrilia, Maula Dzuriyah, Tsaniyatul Farcha, Iddiya Fatchurrohman, M Fatmawati Fatmawati Fatmawati, Fatmawati Faza, Iqbal Faza, Muad Eka Fina, Nailil Ibadillah, M. Nashuikhul Inayah, Sania Hanim Iqbal Maulana Izah, Naili Jie, Lie Jixiong, Cai Johanna, Anne Kirom, Cihwanul Kunasari, Kunasari Larasati, Pipit Mafaticha, Anni Maulida Azzahra, Lailatul melani, Wiwik melani Muttaqin, Ibnu NA, Lailatin Nishfinur Nabila, Lana Nisrina Nafsi, Farichatun Naila Fitriana, Eka Nida, Rahma Sofia Nikmah, Zahrotun Nisa, Yasinta Khoirun Nur Aris Nur, Silva Maulida NURUL HIDAYAH Octaviana, Donna Laili Palupi, Nur Wulan Intan Puspa Anggrayni, Arnetha Putri, Resti Astuti Misatun Rahati, Yeni Ayu Rahma, Sukma Aulia Rahman, Akhlis Auliya Rasyida, Ana Mar’atur Rizka Ulima Qotrunnida Rizki Nur Wijayanti Rizkia, Reza Fitriana Rizkina, Fanisa Rizqi, Salsa Bela Putri Rofianti, Devi Triana Sabila, Fatma Lailatus Sari, Putri Nabela Sintiya Sattar Sattar Sattar, Sattar Septiyanti, Dwi Sironi, Manuela Sri Mulyani Sufiana Noor Syukri Fathudin Achmad Widodo Vicky Mailani Widya Astuty Wardani, Dhias Pramudita Kusuma Wardani, Rina Umi Widyaningrum, Lina Xin, Derr Yasoa, Mohd Rushdan Yingxiang, Schunk Zhang Wei Zunita Zahrotur Rohmah