Analisis Kinerja Saham Syariah Dan Pengaruhnya Terhadap Respon Pasar Pada Perusahaan Yang Tercatat di Jakarta Islamic Indeks
Abstrak: The purposes
for this research
to describe performance
stock of sharia
and its influence
on market response to the
companies listed on
the Jakarta Islamic Index (JII).
In this research, researchers will
describe the condition of the stock performance of sharia with approach the
rate of return and risk. The population of research is Islamic stocks listed in
the JII for the period December 2008-November 2010 and sampled in this study a
total of 17 issuers of sharia using purposive sampling. The unit of analysis in
the research is the performance of the stock by using the excess return and
excess return to beta ratio, rate of return based on expected return and risk (beta).
For to see the effect in response to
market, units of analysis used is technical analysis with approach
to stock trading
volume and high
and lows, as
well as using
non-parametric analysis to see how investors choise stocks sharia
evenly. The result of study show total of 17 issuers provide the return on
stocks is positive. Excess return, there are 16 competent stock to be invested
and based on counting of excess return to beta, 16 sharia stocks is good to
invested and has good performance. Islamic stock performance in Jakarta Islamic
Index has an influence on the market response is significantly.
Keywords:
Stock Performance on JII, Returns and
Risk, Market Response.
Penulis: Ratna Utami,
Maha Putra Kusuma
Nugraha
Kode
Jurnal: jpakuntansidd110002
