Claim Missing Document
Check
Articles

Found 2 Documents
Search

Determinan Harga Saham Syariah di Indonesia: Determinants of Sharia Stock Prices in Indonesia R, Abdul Azis.; Mohammad Nofal; Juliana Kadang
Jurnal Kolaboratif Sains Vol. 7 No. 1: JANUARI 2024
Publisher : Universitas Muhammadiyah Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56338/jks.v7i1.4834

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh secara serempak maupun parsial Earning Per Share (EPS), Dividen Per Share (DPS), dan Debt to Equity Ratio (DER) terhadap harga saham syariah di Bursa Efek Indonesia. Populasi penelitian ini sebanyak 423 saham syariah yang listing di Bursa Efek Indonesia dan termasuk dalam Daftar Efek Syariah tahun 2019 dengan jumlah sampel sebanyak 43 saham syariah yang dipilih berdasarkan metode purposive sampling. Jenis penelitian yang digunakan dalam penelitian ini adalah verifikatif dengan teknik analisis regresi data panel. Data yang digunakan dalam penelitian ini adalah data sekunder yang bersumber dari laporan keuangan konsolidasi yang diterbitkan masing-masing emiten saham syariah dan tersedia secara online dan dapat diakses melalui situs Bursa Efek Indonesia pada www.idx.co.id. Temuan penelitian ini menunjukkan bahwa Earnings Per Share (EPS) berpengaruh positif signifikan terhadap harga saham syariah, Dividend Per Share (DPS) berpengaruh negatif tidak signifikan, dan Debt to Equity Ratio (DER) berpengaruh negatif signifikan terhadap harga saham syariah. Nilai koefisien determinasi (R2) menunjukkan bahwa variabel independen mampu menjelaskan 97,9% pengaruhnya terhadap variabel dependen dan sisanya 2,1% dijelaskan oleh variabel lain yang tidak termasuk dalam penelitian ini
DOES IPO IMPROVE COMPANY FINANCIAL PERFORMANCE: THE CASE OF INDONESIA. Aprilian Lahamido; Mohammad Nofal; Muslimin; Anisah
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 6 No. 2 (2026): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/morfai.v6i2.4939

Abstract

This study aims to analyze the differences in financial performance of companies before and after an Initial Public Offering (IPO) in Indonesia. The study uses a quantitative approach with a comparative approach. The sample consists of companies that conducted an IPO on the Indonesia Stock Exchange in 2022, with an observation period of two years before the IPO (2020–2021) and two years after the IPO (2023–2024). The data used is secondary data obtained from the companies' annual financial reports. Financial performance is measured using liquidity ratios, leverage, profitability, activity, and asset growth. Analysis was conducted using nonparametric statistical tests to identify differences in financial performance before and after the IPO. The results show that an IPO causes significant changes in a company's financial performance, but the direction of these changes does not always indicate an increase. Most companies experienced a decline in profitability after the IPO, while asset growth tended to increase. These findings suggest that an IPO plays a more significant role as a means of funding and corporate growth rather than a direct determinant of improved financial performance. This study contributes to understanding the impact of an IPO on the financial performance of companies in Indonesia.