IIJSE
Vol 8 No 1 (2025): Sharia Economics

Determinants of Future Stock Returns in the Financial Industry

Judith, Judith (Unknown)
Setiawan, Temy (Unknown)



Article Info

Publish Date
15 Jul 2025

Abstract

This study aims to analyse the moderating role of corporate governance. fintech adoption and good on the relationship between profitability and stock returns. The motivation of this study is to examine profitability on future stock returns. This quantitative research method used thirty-seven (37) banking companies listed on the Indonesia Stock Exchange in the period 2020 - 2023, which were tested with the SmartPLS 4 program. The implications of this study are expected to provide benefits for investors, banking companies, regulators, academics, and the economy as a whole. This study found that profitability has a positive effect on future stock returns. Meanwhile, GCG is unable to moderate the relationship between profitability and future stock returns; in addition, fintech adoption is unable to moderate the relationship between profitability and future stock returns.

Copyrights © 2025






Journal Info

Abbrev

iijse

Publisher

Subject

Economics, Econometrics & Finance

Description

The Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) is Sharia Economics Journal published by Sharia Economics Department Institut Pesantren KH. Abdul Chalim, Mojokerto. The Journal focuses on the issues of Sharia Economics, the History of Islamic Economic Thought, Islamic Law, Local ...