Al-Amwal : Jurnal Ekonomi dan Perbankan Syari\'ah
Vol 16, No 2 (2024)

Dynamics of Fundamental Factors and Macroeconomics in Determining The Stock Prices of Islamic Banks in Indonesia

Syauki, Ahmad (Universitas Islam Negeri (UIN) Raden Intan Lampung)
Anggraeni, Erike (Universitas Islam Negeri (UIN) Raden Intan Lampung)
Iqbal, Muhammad (Universitas Islam Negeri (UIN) Raden Intan Lampung)



Article Info

Publish Date
02 Oct 2024

Abstract

This study aims to analyse the influence of fundamental variables of Islamic banks in Indonesia and Indonesian macroeconomic variables on the dynamics of Islamic bank stock prices in Indonesia in the period 2020 to 2023. This study uses a quantitative method with secondary data in the form of Islamic bank financial reports and publication data from Bank Indonesia. The analysis techniques used include descriptive statistics, classical assumption tests consisting of normality tests, multicollinearity tests, autocorrelation tests, and heteroscedasticity tests, as well as panel data regression techniques. The results of the study show that EPS has a positive but insignificant effect on stock prices, NPM has a negative but insignificant impact on stock prices, inflation has a negative but insignificant effect on stock prices, and interest rates have a positive but insignificant impact on stock prices. While together, all independent variables have a positive but insignificant impact on stock prices.

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Journal Info

Abbrev

amwal

Publisher

Subject

Economics, Econometrics & Finance

Description

Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah is a peer-reviewed journal published by the Department of Islamic Banking Syariah Faculty of Islamic Economics of IAIN Syekh Nurjati Cirebon. The journal publishes papers in the field of accounting and finance that give significant contribution to the ...