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Determinan return saham syariah dengan risiko sistematis sebagai variabel mediasi

Firmansyah, Irman (2016) Determinan return saham syariah dengan risiko sistematis sebagai variabel mediasi. Jurnal Keuangan dan Perbankan, 20 (3). pp. 358-368. ISSN 1410-8089

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Abstract

Islamic capital market is the investment alternatives in accordance with Islamic law. However, the purpose of investing is to obtain a high return stock. This study aimed to analyze the fundamental factors in predicting stock return of sharia with systematic risk as a mediating variable. Fundamental factors measured by DER, EPS, ROA, PER and NPM and systematic risk measured by beta. Data taken from the Islamic capital market through the Jakarta Islamic Index (JII) in a span of research in 2013 and 2014. The analysis used is multiple regression analysis and Sobel test. The results showed that DER and PER positive effect on sharia stock return, beta negative effect on sharia stock return and EPS, ROA and NPM no effect on sharia stock return. Whereas in mediating variable testing, the beta did not mediate the relationship between DER, EPS, ROA, NPM and PER to sharia stock return.

Item Type: Article
Additional Information: Nama : Irman Firmansyah
Uncontrolled Keywords: Sharia stock return, fundamental factor, systematic risk, multiple regression analysis, sobel test
Divisions: Fakultas Ekonomi dan Bisnis > D3 Perbankan dan Keuangan
Depositing User: Gendhis Dwi Aprilia
Date Deposited: 28 Dec 2021 02:30
Last Modified: 28 Dec 2021 02:30
URI: https://eprints.unmer.ac.id/id/eprint/1137

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