Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Vol 4 No 1 (2022): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah

The Causality of Bank’s Health Rate Towards Sharia Banking Share Price in Indonesia

Muhammad Nasir (Politeknik Negeri Lhokseumawe)
Muhammad Suuip (Politeknik Negeri Lhokseumawe)
Rika Annisa (Politeknik Negeri Lhokseumawe)
Yanti Hasbian Setiawati (IAI Nasional Laa Roiba Bogor)
Moh. Romli (IAI Nasional Laa Roiba Bogor)



Article Info

Publish Date
27 Aug 2021

Abstract

This study aims to determine the causality relationship of financing to deposit ratio, good corporate governance, return on asset, and capital adequacy ratio toward sharia banking share price in Indonesia. Data used in this study are financial statements of Sharia banking companies and share price data from May 2018 to November 2020. The samples used are Bank Panin Dubai Syariah, Bank BRI Syariah, and Bank BTPN Syariah. The analysis model used is the Panel Vector Autoregression (PVAR) and performed with Eviews 10. The results found that financing to deposit ratio, good corporate governance, and return on assets have no causality relationship towards the share price. The capital adequacy ratio has a causality relationship towards the share price at a significant rate of 10%. The share price has a causality relationship towards the capital adequacy ratio. Financing to deposit ratio has a causality relationship towards good corporate governance. Return on assets has a causality relationship towards financing to deposit ratio. The change of sharia banking share price in the 12th month prediction was influenced by CAR is 3.32%, GCG is 0.42%, FDR is 0.32%, and ROA is 0.19%.

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Journal Info

Abbrev

alkharaj

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

AL-KHARAJ: The Journal of Islamic Economics, Finance & Business is a scientific journal published by the Center for Research and Strategic Studies (PRKS) of the Institute of Islamic Religion (IAI) National Laa Roiba Bogor. This journal contains scientific papers from academics, researchers and ...