Review on Islamic Accounting
Vol. 2 No. 2 (2022): Review on Islamic Accounting

The Impact of Macroeconomic Variables on Jakarta Islamic Index (JII) Fluctuation

Maulana Ja'far Shodiq (Tazkia Islamic University College)
Muhammad Ridho Al-Fathan (Tazkia Islamic College University)
Muhammad Ridwan Hidayat (Tazkia Islamic College University)



Article Info

Publish Date
28 Nov 2022

Abstract

This study aims to determine the impact of economic growth rates, inflation, interest rates, on prices or the level of JII price proportions. In addition, this study aims to determine how significant the influence of these factors is on the performance of the sharia-based stock market in Indonesia. The method used is multiple linear regression (OLS). The results of the study found that the economic growth rate has a significant positive effect on JII price and interest rates do not significant and negative effect.

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Journal Info

Abbrev

RIA

Publisher

Subject

Religion Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Review on Islamic Accounting adalah publikasi ilmiah yang diterbitkan oleh SMART Insight yang berada di bawah lembaga riset SMART Indonesia. Sharia Economic Applied Research and Training (SMART) adalah lembaga penelitian di Indonesia yang fokus pada riset seputar ekonomi dan keuangan Islam. Review ...