Ijtimā`iyya: Journal of Muslim Society Research
Vol. 7 No. 2 (2022)

The Sensitivity of Islamic Banking Stock Prices During the Pandemic Covid-19

Efi Syarifudin (UIN Sultan Maulana Hasanuddin Banten)
Nani Nani (UIN Sultan Maulana Hasanuddin Banten)
Anggita Nurcahyani (UIN Sultan Maulana Hasanuddin Banten)



Article Info

Publish Date
30 Sep 2022

Abstract

Economic growth has contracted due to the COVID-19 pandemic. Based on the history of previous economic and financial crises, the banking sector is one of the most sensitive sectors during a crisis. Investors consider these conditions for their investment decisions. This paper aims to find the factors that determine the stock price of Islamic banking on three observation variables: profit, debt equity ratio (DER), and cash flow from operating (CFO). This study used a quantitative approach with secondary data sources from financial statements and company stock prices. The sample was selected purposively from Islamic banking stocks listed on the Indonesian Sharia Stock Index (ISSI). Data analysis used panel data regression using the E-Views 10 application. The findings of this study are that earnings and DER significantly determine the share price of Islamic banking based on a partial test. Profit has a positive effect, while DER has a negative impact. These findings illustrate that expectations for investment in Islamic banking stocks remained stable during the pandemic. The company's fundamental factors determine the demand for Islamic bank shares.

Copyrights © 2022






Journal Info

Abbrev

ijtimaiyya

Publisher

Subject

Humanities Social Sciences

Description

Ijtimā`iyya: Journal of Muslim Society Research is published by Postgraduate Program of State Institute on Islamic Studies, Purwokerto, Central Java, Indonesia. This Journal is focused on the studies and results of researchers on Muslim societies. The life of Muslim societies can be studied through ...