Pengaruh Faktor Fundamental terhadap Return Saham Perusahaan Kategori Jakarta Islamic Index di Bursa Efek Indonesia

Putri Deliana Febrianti (Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia)
Dadang Hermawan (Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia)
Mochamad Edman Syarief (Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia)
Lya Amailiya (Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia)

Journal of Applied Islamic Economics and Finance
Vol 3 No 2 (2023): Journal of Applied Islamic Economics and Finance (February 2023)

This study aims to investigate the impact of the fundamental elements of the company as seen through financial ratios, including the Current Ratio (CR), Return on Equity (ROE), Debt to Equity Ratio (DER), Earnings Per Share (EPS), Price Earning Ratio (PER), and macroeconomic variables Inflation and BI Rate on stock returns of companies in the Jakarta Islamic Index category on the Indonesia Stock Exchange in the period 2015-2020. Panel data regression analysis is the data analysis method employed, while E-Views 9 is the data analysis tool. According to the study's findings, the Jakarta Islamic Index's stock returns are significantly and negatively impacted by the BI Rate. Meanwhile the Jakarta Islamic Index's stock returns are not significantly impacted by CR, DER, ROE, EPS PER, or inflation.