The Impact of Financial Performance on Stock Return in the Companies Which Issue Sukuk in Indonesia


Authors : Muhammad Sahirul Alim; Pardomuan Sihombing

Volume/Issue : Volume 7 - 2022, Issue 11 - November

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3gxh4Pm

DOI : https://doi.org/10.5281/zenodo.7349451

The study focuses to investigate the influence of financial performance with indicators namely Sukuk to Equity Ratio (SER), Debt to Equity Ratio (DER), Size, Return on Equity (ROE), and Earning Per Share (EPS) on stock return in the companies who issue sukuk and listed in the Indonesia Stock Exchange (BEI). Annual data for the period of observations from 2016 to 2020 were used. The population in this study is 12 companies. Purposive Sampling technique is used and found four companies with certain criteria within 5 years of observations which made the total number of observations as much as 20. The data is analyzed in this research by using Multiple Regression Analysis with Weighted Least Square (WLS) approach. The results of the analysis indicate that SER, DER, Size, ROE and EPS have simultaneously impact on stock return of the companies who issued sukuk and listed in Indonesia Stock Exchange. For partial analysis SIZE, ROE and EPS have significant effect on stock return.

Keywords : SER, DER, Size, ROE, EPS, Stock Return, and Sukuk

CALL FOR PAPERS


Paper Submission Last Date
31 - March - 2024

Paper Review Notification
In 1-2 Days

Paper Publishing
In 2-3 Days

Video Explanation for Published paper

Never miss an update from Papermashup

Get notified about the latest tutorials and downloads.

Subscribe by Email

Get alerts directly into your inbox after each post and stay updated.
Subscribe
OR

Subscribe by RSS

Add our RSS to your feedreader to get regular updates from us.
Subscribe