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PENGARUH LEVERAGE, UKURAN PERUSAHAAN, LIKUIDITAS TERHADAP YIELD SUKUK DENGAN INFLASI SEBAGAI VARIABEL MODERASI Alkautsar, Obrin; Susanti, Riana
COSMOS : Jurnal Ilmu Pendidikan, Ekonomi dan Teknologi Vol 1 No 5 (2024): Agustus
Publisher : PUSDATIN Institut Agama Islam Sultan Muhammad Syafiuddin Sambas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37567/cosmos.v1i5.171

Abstract

This study aims to analyze the influence of leverage, company size, and liquidity on sukuk yields and to determine the influence of inflation moderating the relationship between leverage, company size, and liquidity variables on sukuk yields. The data used is Corporate Sukuk through a public offering as of December 2023 on the official website of the Financial Services Authority (OJK), the Indonesia Central Securities Depository (KSEI), the Indonesia Stock Exchange (IDX) and financial statements issued by their respective companies in 2022 – 2023. This research is a comparative causal research, which analyzes the causal relationship between two or more variables. The variables used in this study are several fundamental factors of financial performance, namely Leverage proxied by Debt of Equity (DER), Company Size (Size), and Liquidity proxied by Current Ratio (CR), as independent variables and sukuk yield proxied by Yield To Maturity (YTM) as a dependent variable with Inflation as the moderating variable.  The research population in this study is 54 companies that issue corporate sukuk. This sampling technique uses Purposive Sampling, 30 company samples were obtained. The data processing method used in this study is multiple linear regression analysis test and moderate regression analysis using EViews 12. The results of this study show that leverage (DER), company size, and liquidity simultaneously have no effect on sukuk yield, leverage (DER) partially affects sukuk yield, company size partially has no effect on sukuk yield, liquidity partially has no effect on sukuk yield, and inflation does not strengthen the relationship between leverage, company size, and liquidity to sukuk yield.
Pengaruh Earning Per Share dan Price Book Value Terhadap Harga Saham dengan Return on Asset sebagai Variable Moderasi Pada Bank Syariah Alkautsar, Obrin; Ayuningtyas, Eka Avianti
Jurnal Pengembangan Wiraswasta Vol 25, No 3 (2023): JPW Edisi Desember 2023
Publisher : Universitas IPWIJA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33370/jpw.v25i3.1094

Abstract

Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh EPS, dan PBV terhadap Harga Saham dengan ROA sebagai variabel moderasi pada Bank Syariah di Indonesia. Data yang digunakan dalam penelitian ini adalah data sekunder antara lain EPS, PBV, Harga Saham, dan ROA Bank Syariah di Tahun 2021 – 2022. Data tersebut merupakan data time series dari tahun 2021 – 2022 yang diperoleh dari situs website resmi bank umum syariah masing-masin, dan website Bursa Efek Indonesia (IDX). Sampel dalam penelitian ini adalah 4 bank umum syariah yang telah memenuhi kriteria purposive sampling yaitu Bank Syariah Indonesia, Bank Aladin Syariah, Bank BTPN Syariah, dan Bank Panin Dubai Syariah. Analisis data menggunakan model regresi data panel dengan EViews 12. Hasil penelitian menunjukkan bahwa ROA tidak memoderasi EPS dan PBV terhadap Harga Saham Bank Syariah 2021–2022.This study aims to find out and analyze the influence of EPS, and PBV on Stock Price with ROA as a moderation variable in Sharia Banks in Indonesia. The data used in this study are secondary data, including EPS, PBV, Share Price, and ROA of Sharia Banks in 2021 – 2022. The data is a time series data from 2021 – 2022 obtained from the official websites of each Islamic commercial bank, and the Indonesia Stock Exchange (IDX) website. The sample in this study is 4 Islamic commercial banks that have met the purposive sampling criteria, namely Bank Syariah Indonesia, Bank Aladin Syariah, Bank BTPN Syariah, and Bank Panin Dubai Syariah. Data analysis using a panel data regression model with EViews 12. The results of the study show that ROA does not moderate EPS and PBV against the 2021–2022 Sharia Bank Share Price.