Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange
This research had analyzed the effect of financial performance and stock beta (systematic risk) towards stock price of eight listed companies in Jakarta Islamic Index (JII) – LQ 45 for the time period of 2012-2014. The data was gathered by employing literature study and documentation of financial st...
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| Format: | Article |
| Language: | English |
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IAIN Surakarta
2016-08-01
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| Series: | Shirkah |
| Online Access: | http://shirkah.or.id/new-ojs/index.php/home/article/view/41 |
| _version_ | 1797967181578764288 |
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| author | Tajus Subqi |
| author_facet | Tajus Subqi |
| author_sort | Tajus Subqi |
| collection | DOAJ |
| description | This research had analyzed the effect of financial performance and stock beta (systematic risk) towards stock price of eight listed companies in Jakarta Islamic Index (JII) – LQ 45 for the time period of 2012-2014. The data was gathered by employing literature study and documentation of financial statements. Multiple regressions are used to measure the effect of independent variable towards dependent variable along with ttest and F test. The results based on overall test suggested that only ROE and NPM had opposite direction correlation with the stock price, meanwhile other variables had positive direction correlation. From partial test with 5% level of significance, only EPS and PER had significant effect on stock price while other variables had no effect.
Keywords: financial performance analysis, stock price, stock beta (systematic risk), Jakarta Islamic Index |
| first_indexed | 2024-04-11T02:27:08Z |
| format | Article |
| id | doaj.art-949e789f7dc84dd6bf42df0f00109019 |
| institution | Directory Open Access Journal |
| issn | 2503-4235 2503-4243 |
| language | English |
| last_indexed | 2024-04-11T02:27:08Z |
| publishDate | 2016-08-01 |
| publisher | IAIN Surakarta |
| record_format | Article |
| series | Shirkah |
| spelling | doaj.art-949e789f7dc84dd6bf42df0f001090192023-01-02T22:37:13ZengIAIN SurakartaShirkah2503-42352503-42432016-08-011213316010.22515/shirkah.v1i2.419Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock ExchangeTajus Subqi0Faculty of Sharia, Institut Ilmu Keislaman Annuqayah (Instika) Guluk Guluk Sumenep MaduraThis research had analyzed the effect of financial performance and stock beta (systematic risk) towards stock price of eight listed companies in Jakarta Islamic Index (JII) – LQ 45 for the time period of 2012-2014. The data was gathered by employing literature study and documentation of financial statements. Multiple regressions are used to measure the effect of independent variable towards dependent variable along with ttest and F test. The results based on overall test suggested that only ROE and NPM had opposite direction correlation with the stock price, meanwhile other variables had positive direction correlation. From partial test with 5% level of significance, only EPS and PER had significant effect on stock price while other variables had no effect. Keywords: financial performance analysis, stock price, stock beta (systematic risk), Jakarta Islamic Indexhttp://shirkah.or.id/new-ojs/index.php/home/article/view/41 |
| spellingShingle | Tajus Subqi Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange Shirkah |
| title | Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange |
| title_full | Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange |
| title_fullStr | Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange |
| title_full_unstemmed | Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange |
| title_short | Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange |
| title_sort | jakarta islamic index l 45 rate financial performance beta stocks and stock price in indonesian stock exchange |
| url | http://shirkah.or.id/new-ojs/index.php/home/article/view/41 |
| work_keys_str_mv | AT tajussubqi jakartaislamicindexl45ratefinancialperformancebetastocksandstockpriceinindonesianstockexchange |