Institusion
Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya
Author
SOPHIARIYANI, NADHYA MOEFIDHA
Subject
657.042 - FINANCIAL ACCOUNTING
Datestamp
2017-07-05 03:00:41
Abstract :
Progress in sharia recently presenting the different variation in Indonesian
economy. Now, Indonesia has two sharia stock index that is JII (Jakarta Islamic
Index) and ISSI (Indonesian Sharia Stock Index). ISSI is an indicator of all
sharia?s stock it would facilitated in performance measurement sharia stock.
Return stock is one of the factors that motivate investors to invest and also a
reward for the courage of the investors bear the risk for the investment made.
This research performed in order to determine the influence of profitability ratio
and solvability ratio to stock returns of companies that listed in Indonesian Sharia
Stock Index for period 2011-2014. Sampling technique used in the research is
purposive sampling with some criteria. Data resources that needed in this
research taken from Indonesian Capital Market Directory (ICMD) 2011-2014
was acquired 89 sample companies per year. The result of this research show that
Return On Equity (ROE) has not significant influence to stock returns. And
Earning per Share (EPS) and Debt to Equity Ratio (DER) has significant
influence to stock returns. Result of this research indicate that Earning Per Share
(EPS) and Debt to Equity Ratio (DER) used by investor can predict stock returns
of Indonesian Sharia Stock Index for periode 2011-2014.
Key words: Profitability, Solvability, Return on Equity (ROE), Earning per Share
(EPS), Debt to Equity Ratio (DER) and Stock Returns