PENGARUH RASIO ANALISIS FUNDAMENTAL TERHADAP RETURN SAHAM: Perbedaan Pengaruh Antara Saham Syariah dan Non Syariah
Abstrak: The purpose this
study was to obtain empirical evidence on the effect of the ratio of fundamental
analysis: dividend per Share (dPS), dividend Payout Ratio (dPR), Earning per
Share (EPS), Price Earning Ratio (PER), and Price Book Value (PBV) on stock
return of sharia and see the difference in fundamental analusys of the
influence of the ratio between stock return with stock return non Islamic
sharia. The sampling method used in this study was purposeive sampling of the
entire company into the calculation of Jakarta Islamic Index (JII) during
period 2005 to 2009. The final sample consisted of 10 companies JII and 10 of
the company non JII. This study uses multiple linear regression analysis to
test the hypothesis. The studies found that only price book value (PBV) have
significant positive effect on stock returns of sharia, while the other
variables is dPS, dPR, EPS, and PER had no significant effect on policy.
Jointly testing showed that the five fundamental ratio is a significant on
stock returns of sharia. In testing to see whether there are differences in the
influence of the ratio of the fundamental analysis of stock returns, inducating
the presence of significant differences in the influence of fundamental
analysis of the influence of the ratio at the company’s stock return of JII
with the stock of non JII.
Keywords: dividen per share
(DPS), dividen payout ratio (DPR), earning per share (EPS), price earning ratio
(PER), price book value (PBV), return
Penuis: dEdy OKTRI hAdI
SAPUTRA dAN riNi iNdriANi
Kode Jurnal: jpakuntansidd120327
