Journal of Humanities and Social Studies
Vol 9, No 2 (2025): Journal of Humanities and Social Studies

The Influence Of Fundamental And Macroeconomic Factors On Stock Prices In The JII (Jakarta Islamic Index)

Lubis, Syafrina Yuni (Unknown)
Nurbaiti, Nurbaiti (Unknown)
Syahreza, Rahmi (Unknown)



Article Info

Publish Date
06 Oct 2025

Abstract

This research aims to analyze the influence of fundamental and macroeconomic factors on stock prices in companies listed on the JII (Jakarta Islamic Index). This study uses a quantitative approach and secondary data obtained from the official JII (Jakarta Islamic Index) website. Data was processed using the Eviews_8 for Windows program with the technique of multiple linear regression analysis. The results of this study indicate that BVS (Book Value Per Share), DER (Debt Equity Ratio), EPS (Earnings Per Share), inflation, and interest rates partially influence stock prices. Furthermore, BVS, EPS, DER, inflation, and interest rates simultaneously affect stock prices. The coefficient of determination (R²) is 0.781413. This result shows that BVS, EPS, DER, inflation, and interest rates together have a proportionate influence on stock prices of 78.14%, while the remaining portion is influenced by other variables not included in this linear regression model. 

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Journal Info

Abbrev

jhss

Publisher

Subject

Arts Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences

Description

Journal of Humanities and Social Studies is an academic journal that publishes scientific papers in the field of humanities and social studies. This journal is published two times a year (March and September) by Lembaga Penelitian dan Pengabdian Pada Masyarakat, Universitas Pakuan Bogor since 2017. ...