The Financial Performance, Stock Performance, Stock Risk and Their Influence on Index and Capital Gains of Shariah Stocks in Indonesia

MUHAMMAD ANHAR, MUHAMMAD ANHAR (2017) The Financial Performance, Stock Performance, Stock Risk and Their Influence on Index and Capital Gains of Shariah Stocks in Indonesia. International Journal of Economic Research, 14 (17). pp. 27-39. ISSN 0972-9380

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Abstract

This research aims at proving the influence of company’s financial performance, stock performance and stock investment risk on Shariah stocks price index and capital gains in Indonesia. The hypothesis is stated that financial performance, stock performance, and stock risk influence the stock price index and have impact on capital gains of Shariah stocks in Indonesia. The research is designed as a quantitative, ex post facto, associative, and positivistic research by analyzing the differences among individual Shariah stocks index and capital gains. The financial performance, stock performance, and stock risk are set as exogenous variables, individual stock price index as mediator variable, and stock capital gains as endogenous variable. All variables are latent variables where their values are represented on their indicators respectively. There are eight indicators of financial performance, six indicators of stock performance, three indicators of stock risk, one indicator of stock price index, and one indicator of stock capital gains. The existing influences were studied simultaneously in one model, Structural Equation Model (SEM). Descriptive analysis, Coefficience of Determination, and Effect Size analysis were also used in this study. The conclusions are : First, financial performance, stock performance, stock risk, and stock index simultaneously have influence on Shariah stock capital gain. Second, stock performance and stock risk partially have influence on Shariah stock capital gain, but not with financialperformance. Thirth, stock price index has not significant role as mediator to influence the stock capital gain.Fourth, not all indicators represent the financial performance, stock performance and stock risk of Shariah stocks.

Item Type: Article
Subjects: Z Bibliography. Library Science. Information Resources > Z719 Libraries (General)
Divisions: S1 Manajemen
Depositing User: M. Anhar
Date Deposited: 05 Feb 2022 17:01
Last Modified: 05 Feb 2022 17:01
URI: http://repository.stei.ac.id/id/eprint/6976

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