Sharia Stock Price Research Articles

Analysis of Sharia Stock Prices and Trading Volume Before and After the Announcement of Covid 19

This study analyzes the significance of the movement of sharia stocks incorporated in the Jakarta Islamic Index (JII) before and after the announcement of covid 19 in Indonesia on March 2, 2020 and analyzes the significance of trading volume on the capital market before and announced Covid 19 in Indonesia. From the analysis and discussion it can be seen that JII overcame a significant decline after the announcement of covid 19 (Sig. 2-tailed value 0,000 and a positive 1.61.84. While the trading volume increased significantly after it was announced covid 19 in Indonesia (Sig. 2- tailed amounting to 0,000 and an average of -608,745,775.0).

Pengaruh Inflasi Dan Earning Per Share (EPS) Terhadap Harga Saham di Sektor Industri Barang Konsumsi pada Indeks Saham Syariah (ISSI)

Purpose-. The aim of this study is to examine the impact of inflation and earnings per share (EPS) on the share prices of the consumer goods sector.
 Methods- Data are collected from the financial statements in the Consumer Goods Industry Sector, namely 18 companies registered at ISSI. With the period 2014-2018 using a purposive sampling technique.
 Findings- The analysis results show that inflation has not been proven to have a significant effect on stock prices, while EPS has a positive and significant effect. The implication of this finding is that the fundamental factor information of EPS ratios in financial statements can be useful information to predict sharia stock prices

Indonesia Sharia Stock Index and Global Sharia Stock Index

This study aims to analyze the effect of the Global Sharia Stock Exchange on the Indonesia Sharia Stock Price Index in Indonesia Stock Exchange for the study period of 2016 to 2018. On 31 December 2015, the ASEAN Economic Community began to be implemented, then resulting in a free flow of goods, services, and investments, so this study took samples starting in 2016. Dependent variables used are the Indonesia Sharia Stock Index, while the independent variables are Dubai Financial Market General Index (DFMGI), European Dow Jones Islamic Market Index, (DJIEU), Dow Jones Islamic Market Index 25 USD (Malaysia) and Tadawull All Share Index (Saudi Arabia). While the independent variable used is the Indonesia Sharia stock index (ISSI). The data used are monthly stock index data from all sharia stock indexes in Indonesia, Malaysia, the US, Japan, Dubai, and Saudi Arabia from 2016 to 2018. This research was processed using Eviews 10. The results of this study indicate that partially Dubai Financial Market General Index (DFMGI) and the European Dow Jones Islamic Market Index (DJIEU) have no significant effect on the Indonesia Sharia stock index, while the Dow Jones Islamic Market Index 25 USD (Malaysia) and the Tadawull All Share Index (Saudi Arabia) have a significant effect on the Indonesia Sharia Stock Index.

Pengaruh Variabel Makroekonomi Terhadap Index Harga Saham Syariah

The purpose of this paper to investigate macroeconomic indicators affects sharia stock prices in Asia Muslim majority countries. This research used inflation, interest rates and exchange rate in Indonesia, Malaysia, Saudi Arabia and Bangladesh. This research use data panels and multiple linear regression analyses using Ordinary Least Square (OLS) method as parameter. The results shows inflation and exchange rates have no effect in sharia stock prices, while interest rates have negative effect. Implications for investors who want to invest in stocks to attention macroeconomic variables that affect movement of stock price, information that related macroeconomic conditions, information that predict fluctuation stock price. This study has limitations only focus in four countries in Asia and only use three most dominant macro variables. Future research can improved other macroeconomic variables such world oil prices and gross domestic income. Novelty of this research examines the Sharia stock market in Muslim majority countries in Asia.

Pengaruh Fakto Fundamental Terhadap Harga Saham Syariah pada Perusahaan Yang Terdaftar di Jakarta Islamic Indek Periode 2011 – 2016 Pengaruh Fakto Fundamental Terhadap Harga Saham Syariah pada Perusahaan Yang Terdaftar di Jakarta Islamic Indek Periode 2011 – 2016

This research aims to determine the effect of return on asset, earnings per share, debt to equity ratio, and price to book value of sharia stock price in Jakarta Islamic Index partially or simultaneously. This research uses quantitative approach with multiple linier regression analysis using panel data. The analytical tool being used is Eviews 8.0 software. The population used in this study is a company registered in the Jakarta Islamic Index. While the sample research is 10 companies in Jakarta Islamic Index that meets the criteria of purposive sampling. The period of This research over the period of 6 years from 2011 - 2016. The result showed that return on asset, earnings per share, debt to equity ratio, and price to book value influence simultaneously and significant to sharia stock price. And partially variable earning per share and price to book value have positive and significant influence, return on asset variable have significant influence with negative direction, while variable of debt to equity ratio have negative effect not significant to shariah stock price at company registered in Jakarta Islamic Index 2011 – 2016 period.Keywords: Sharia stock price, Return On Assets, Earning Per Share, and Debt to Equity Ratio

PENGARUH RETURN ON ASSET (ROA), RETURN ON EQUITY (ROE) DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM SYARIAH

Sharia share prices (including conventional shares) always fluctuate due to the interaction of demand and supply of shares in the capital market. Rising levels of demand for shares will trigger a rise in stock prices, and vice versa. However, aside from supply and demand factors, it turns out that there are other factors that are also identified as being capable and potentially affecting stock prices, particularly Shariah share prices, namely Return On Assets (ROA), Return On Equity (ROE), and market ratios namely Earning Per Share (EPS). So to prove whether the financial ratios really have an influence on sharia stock prices, the authors conducted a quantitative analysis with ROA, ROE and EPS as X variables and Shariah stock prices as Y variables. The data used in this test / analysis are Return On Assets (ROA), Return On Equity (ROE) data, Earning Per Share (EPS) and Syariah stock prices from PT. Aneka Tambang Persero Tbk 2013-2017. From the analysis that has been done, it is known that partially ROA has no effect on the Shariah share price caused by the lack of companies in earning profit, ROE has no effect on the Sharia share price caused by the lack of net profit from their own capital and the lack of business sales profits, and EPS positive effect on sharia stock prices. Whereas simultaneously, ROA, ROE and EPS have a positive influence on the Shariah stock price.

Greek Crisis, Co-integration, and Contagion Effect of Sharia Stock Markets in Indonesia Malaysia and Singapore: Is There a Problem for Investors?

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ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PERKEMBANGAN SAHAM SYARIAH (STUDI EMPIRIS PADA BURSA EFEK INDONESIA)

After sharia banks appears in Indonesia, the economic development is changing. The change occurs in the banking system namely Long Term Relations Jakarta Islamic Index (JII) in Indonesia Stock Exchange. The condition is interesting to examine, so some research on this has been done, here the purpose of this research is to analyze how the relationship influence between inflation, exchange rate of rupiah, interest rate and sharia stock.The independent variables used in this research are inflation data, rupiah exchange rate, interest rate and syariah stock as dependent variable. As representation of sharia stock price is company registered in JII and as sample there are 3 companies that is Ultrajaya, Telkom and Indosat. Tests conducted between the three independent variables of sharia shares. The research data is sourced from companies that issue Sharia shares in 2014-2016. The result shows that the three independent variables have an effect on to sharia stock.

PENGARUH RETURN ON ASSET, DIVIDEND PAYOUT RATIO, DAN EARNING PER SHARE TERHADAP HARGA SAHAM SYARIAH PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX (JII) TAHUN 2014-2016

This study aims to investigate the effect of return on assets (ROA), dividend payout ratio (DPR) and earning per share (EPS) on sharia stock price registered in Jakarta Islamic Index (JII) period 2014-2016. The hypothesis in this study was tested using multiple regression analysis with SPSS software. The results of this study there are several findings. The first finding is, return on asset (ROA) has a positive effect on sharia stock price, which shows that the greater the ROA of the company, the profit generated by company to be larger. This will increase the attractiveness of the company is increasingly in demand by investors and the impact on rising stock prices. The next finding is dividend payout ratio (DPR) has no effect on stock price, which means dividend distribu-tion does not guarantee that the company get a big profit, sometimes the company thinks the profit earned better to invest in projects that have good prospects that can increase the company’s profit, certainly with the approval of the shareholders. The last finding in this research is earning per share (EPS) has a positive effect on sharia stock price, which means that the higher EPS shows the company’s net profit is ready to be distributed to all shareholders of the company and investors will think the company is able to earn profits for the future so that many investors are willing to invest in the company until stock prices rise.

PENGARUH PRICE EARNING RATIO (PER), EARNING PER SHARE (EPS), DEVIDEND YIELD RATIO (DYR), DIVIDEND PAYOUT RATIO (DPR), BOOK VALUE PER SHARE (BVS) DAN PRICE BOOK VALUE(PBV ) TERHADAP HARGA SAHAM PADA PERUSAHAAN SUBSEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX (JII)

One of the financial ratios that can be used to provide information on how much society (investors) or shareholders appreciates the company, so they want to buy stockof the company at a higher price than the book value of stock is the ratio of share capital or market ratio. This research aims to prove the influence of PriceEarning Ratio (PER), Earning Per Share (EPS), Devidend Yield Ratio (DYR), Dividend Payout Ratio (DPR), Book Value per Share (BVS) and Price Book Value (PBV) Sharia shares. The sample in this research consists of two sub-sector food and beverage companies listed in Jakarta Islamic Index, namely PT. Indofood CBP Sukses Makmur, Tbk and PT. Indofood Sukses Makmur, Tbk. To explain the influence of these variables, the data obtained in this research were analyzed using multiple linear regression model. The result of T test shows that Price Earning Ratio (PER), EarningPer Share (EPS), Book Value Per Share (BVS) and Price Book Value (PBV) have an effect on stock price. Devidend Yield Ratio (DYR) and Devidend Payout Ratio (Parliament) partially have no effect on stock prices. F test results show that Price Earning Ratio (PER), Earning Per Share (EPS), Devidend Yield Ratio (DYR), Devidend Payout Ratio (DPR), Book Value Per Share (BVS), Price Book Value (PBV) simultanly have effect on stock prices. Keywords: Price Earning Ratio, Earning Per Share (EPS), Devidend Yield Ratio (DYR), Devidend Payout Ratio (DPR), Book Value Per Share (BVS), Price Book Value (PBV) and Sharia Stock Price

DETERMINAN STRUKTUR MODAL EMITEN ANGGOTA DAFTAR EFEK SYARIAH

This study was tried to see the effect of the fundamental financial ratios as internal factors and sharia stock prices as an external factor on the characteristics of the capital structure. Emiten in this research are companies that is always listed in the Jakarta Islamic Index from 2012 through 2014. There are eighteen companies that qualify for the study limitation. The researcher found that the structure of assets (Model 1 and Model 3) and the sharia stock price (Model 2 and Model 3) is always have a negative effect on the capital structure. Thus, the increase in asset structure and sharia stock prices led to a decrease in capital structure, and vice versa. In other words, increasing in those two variables have a stake in the management decision to reduce the proportion of long-term debt, and vice versa. One variable that is always has positive effect is the sales growth.

Effect of Free Cash Flow Agency Problem on Ohlson Model's in Firm Life-Cycle Framework: Evidence from Tehran Stock Exchange (TSE)

The main objective of this study was to the effect of free cash flow agency problem on Ohlson model's in firm Life-Cycle Framework. Free cash flow agency problems are effective in the valuation of the firm by influencing the earning reliability, which also affects the book value per share indirectly. In this study we review the effects of free cash flow agency problems on the value relevance of earning per share and the book value per share stock price. Hypotheses once for all firms and once with the consideration of the life cycle are also studied. According to the considered situations for selecting the samples, 107 firms were chosen during the period of 2005 to 2013. The several statistical tools have been used in this research. Firstly, multi regressions were used for testing the study hypotheses. Lastly, Adjusted-R2 and Test Z-Wong was used to for the study variables. First, the descriptive statistical tools for the main variables are shown; then the main statistical problems in these regression models are discussed; and lastly the regression models statistical results are provided. Research findings indicate that earning per share has a significant and positive relationship with book value per share stock price, and free cash flow agency problems will result in the reduction of the relevance of earning per share and book value per share stock price. The results are now in various stages of the life cycle (growth, maturity and decline) has been confirmed. The results are firm in various stages of the life cycle are significantly different from each other. Also in stages of decline, the highest agency problems hold to maturity and growth. Free cash flow agency problems will result in the reduction of the relevance of earning per share and book value per share stock price.

Impact of Free Cash Flow Agency Problem on Ohlson Price model: Evidence from Tehran Stock Exchange (TSE)

In this study we review the effects of free cash flow agency problems on the value relevance of earning per share and the book value per share stock price. According to the considered situations for selecting the samples, 107 firms were chosen during the period of 2004 to 2012. For testing the hypotheses, multiple regression analysis was used. Research findings indicate that earning per share has a significant and positive relationship with book value per share stock price, and free cash flow agency problems will result in the reduction of the relevance of earning per share and book value per share stock price. Also the results showed that the relative information content of earnings per share more than the book value in related to described and predicted company's value and stock price.

Stock Dividends and Splits: Anticipation, Signaling, and Market Response

The literature on stock distributions has documented that there is a positive stock market response to the announcement of a stock distribution and a negative relation between the market response and the presplit price of the stock. The positive market reaction has been attributed to (1) the benefits that may result from a lower per share stock price and (2) a signal from management about their favorable private information. The negative correlation between the market reaction and the presplit price may indicate (1) that the firm's share price affects the extent to which the market anticipates the distribution and/or (2) that the share price acts as an inverse proxy for the credibility of the signal. Empirical evidence supports both the anticipation and credibility-of-signal hypotheses. The anticipation effect can exist only if the anticipated event has cash flow consequences for investors. Therefore, the evidence supporting an anticipation effect implies that the positive market reaction to stock distributions is partly due to trading range benefits. Likewise, the credibility-of-signal model presupposes a decision by management to signal the market. Thus, the evidence also implies that the market reaction is partly due to a favorable signal from management.