International Journal of Religious and Cultural Studies
Vol 4 No 2 (2022): International Journal of Religious and Cultural Studies (October 2022-March 2023)

Investigating Islamic Financial Market: a Study in Jakarta Islamic Index

Asri Jaya (Universitas Muhammadiyah Makassar)
Nurlina (Unknown)



Article Info

Publish Date
24 Oct 2022

Abstract

This study aims to determine the effect of the current ratio (CR), debt-to-equity ratio (DER), return on equity (ROE), and earnings per share (EPS) on the stock prices of companies listed on the Jakarta Islamic Index (JII) for the 2016-2016 period. 2020. By employing a descriptive quantitative approach, and secondary data collected, a multiple linear regression analysis was conducted. The results of the study found that: the current ratio (CR) has a positive and significant effect on the stock prices of companies listed in JII, the debt-to-equity ratio (DER) has no effect on the stock prices of companies listed on JII. Meanwhile, ROE has a positive and significant effect on the stock price of companies listed on JII and EPS has a positive and significant effect on the stock prices of companies listed on JII.

Copyrights © 2022






Journal Info

Abbrev

home

Publisher

Subject

Religion Humanities Economics, Econometrics & Finance Education Social Sciences

Description

The International Journal of Religious and Cultural Studies (IJRACS) is published in April and October by Yayasan Rumah Peneleh. This journal aims to accommodate scientific writing of any studies from philosophical thought or study as well as empirical studies covering two main fields, religion, and ...