DETERMINAN RETURN SAHAM: JAKARTA ISLAMIC INDEX VS LQ 45

Eka Ajeng Dian Anggraini, Ahmad Sidi Pratomo

Abstract


The aims of this research are to know the influence of modal structure, systematical risk, and liquidity to the contribution return that is done by differentiating two indexes; Jakarta Islamic Index (JII) and Liquid 45 (LQ45). This research is a qualitative research which takes the samples in the companies that is listed in JII and LQ45 period 2014-2016. The total samples are 33 companies by using purposive sampling method. In doing the analysis, this research is using a doubled regression method and balance test by using SPSS 21 program. The result of this research shows that the variable of systematic risk of JII and LQ45 indexes have a significant influence to the contribution return. However, the variable of the financial capital and liquidity of JII and LQ45 indexes does not have a significant influence to the contribution return. In the result of balance test, there is a significant difference in the variable of modal structure in JII and LQ45. Here, the different result will show that there are no significant differences between the variables of systematical risk, liquidity, and contribution return in JII and LQ45.


Keywords


Modal Structure, Systematical Risk, Liquidity, Contribution Return

Full Text:

PDF

References


Aufa, Rahmatul. 2013. Pengaruh Struktur Modal, Risiko Sistematis, dan Tingkat Likuiditas terhadap Return Saham pada Perusahaan Finance yang Listing di Bursa Efek Indonesia, Skripsi. Fakultas Ekonomi Universitas Negeri Padang.

Hani, Syafrida. 2014. Teknik Analisa Laporan Keuangan. Medan: In Media.

Fahmi, Irham. 2012. Analisis Laporan Keuangan. Cetakan Ke-2. Bandung: Alfabeta.

Sutrisno. 2003. Manajemen Keuangan Teori, Konsep, dan Aplikasi . Yogyakarta : Ekonosia

Tandelilin, Eduardus. 2010. Portofolio dan Investasi .Yogyakarta: Kanisius.

Sartono, Agus. 2001. Manajemen Keuangan Teori dan Aplikasi. Yogyakarta: BPEF-YOGYAKARTA.

Samsul, Mohamad. 2006. Pasar Modal & Manajemen Portofolio. Surabaya: Erlangga.

Sugiyono. 2011. Metode Penelitian Bisnis (Pendekatan Kuantitatif, Kualitatif, dan R&D). Bandung: Alfabeta.

Jogiyanto, H. (2011). Metodologi Penelitian Bisnis. Edisi Keempat. Yogyakarta: BPFE.




DOI: http://dx.doi.org/10.18860/ed.v6i2.5751

Refbacks

  • There are currently no refbacks.




Copyright (c) 2018 El Dinar

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Editorial Office:

Jurusan Perbankan Syariah Fakultas Ekonomi, Universitas Islam Negeri Maulana Malik Ibrahim Malang.

Jln. Gajayana 50 Telp. (0341) 558881, e-mail: eldinar@uin-malang.ac.id

Member of:

Indexed By: