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Asep Dadan Suganda
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Jurusan Ekonomi Syariah, Gedung Fakultas Ekonomi dan Bisnis Islam, UIN Sultan Maulana Hasanuddin Banten
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Islamiconomic: Jurnal Ekonomi Islam
ISSN : 20853696     EISSN : 25414127     DOI : 10.32678/ijei
Islamiconomic: Jurnal Ekonomi Islam (IJEI) is a periodical scientific publication intended for economists who want to publish their articles in the form of literature studies, research, and scientific development in the field of Islamic economics. IJEI was first published in 2009 which is annually published twice (June and December). IJEI works closely with the Islamic Economist Association (Ikatan Ahli Ekonomi Islam) and Islamic Economic Society (Masyarakat Ekonomi Syariah) which provides editorial members, peer reviewers, and authors, both are professional associations related to IJEI aims and scopes. IJEI invites manuscripts in the areas: Islamic Economics, Islamic Banking, Islamic Business, Islamic Management, and Islamic Finance.
Articles 11 Documents
Search results for , issue "Vol 15, No 2 (2024)" : 11 Documents clear
Determinants of Sharia Stock Prices with Systematic Risk as an Intervening Variable Jannah, Mukhlishotul; Elsa, Elsa; Nawawi, Ma'mun
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.1015

Abstract

Investment activities through sharia stock instruments carried out by investors aim to achieve returns in the future. However, in practice, investors find it difficult to assess the movement of sharia stock prices and the risks attached to each selected sharia security. As a consideration for making decisions and investing, the movement of sharia stock prices and systematic risk (stock beta) are constantly changing. Stock price movements and systematic risk (stock beta) are caused by various factors, one of which is the national economic condition, commonly referred to as macroeconomic indicators. The results of the study show that inflation, exchange rates, BI rates and money supply have no significant direct effect on systematic risk. The results of testing stock prices show that inflation and money supply have a direct but insignificant effect on stock prices, while exchange rates, BI rates and systematic risk have a direct and significant effect on stock prices. In addition, the results of the study show that inflation and exchange rates have a significant indirect effect on stock prices, while the BI rate and money supply have an indirect effect on stock prices but are not significant for companies listed on the Jakarta Islamic Index for the 2019-2021 period.

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