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