Economica: Journal of Economic and Economic Education
Vol 8, No 1 (2019): Economica: Journal Of Economic And Economic Education

INFLUENCE OF FUNDAMENTAL FACTORS ON STOCK RETURN LISTED IN JAKARTA ISLAMIC INDEX




Article Info

Publish Date
01 Nov 2019

Abstract

Stock return is the rate of return in a form of repayment from stock trade. This study was conducted to understand the influence of fundamental factor: Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA), Price Earning Ratio (PER), and Price to Book Value (PBV) to return stock. Sample in this study is the Jakarta Islamic Index (JII) in Indonesia Stock Exchange (IDX) during the research (2014-2017). Total sample in this study was 17 companies with purposive sampling technique. This study used panel data regression analysis, with some of choosing model Chow test, Hausman test, Lagrange multiplier test, and coefficient test with T-test to test coefficient regression partially, an F-test to test the influence at once with 5% significance rate. The result showed that Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA), and Price to Book Value (PBV) has a positive and significant influence to return stock. Meanwhile, Price Earning Ratio (PER) has no significant effect to return stock. But, along with the independent variable, given the influence to return stock of Jakarta Islamic Index (JII) Indonesia Stock Exchange (IDX).

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Journal Info

Abbrev

economica

Publisher

Subject

Economics, Econometrics & Finance Education

Description

Economica: Journal Of Economic And Economic Education, sebuah jurnal internasional elektronik, menyediakan forum untuk menerbitkan artikel penelitian asli, artikel ulasan dari pakar yang diundang, dan berita teknologi baru yang terkait dengan Riset ekonomi dan Riset pendidikan ekonomi. Jurnal ini ...