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The Effect of Systematic Economic Risk and Funding Policy to Stock Return on Jakarta Islamic Index


Abdul Rozak, Artarina D.A. Samoedra, H. Ayuningtyas Yuli and Sakina Ichsani
Abstract

The effect of systematic economic risk and funding policy for firms shows the transparency and accountability of sharia-based stocks in Indonesia. The purpose of this study is to analyse the impact of systematic economic risk and funding policy tostock return on Jakarta Islamic Index. The determination sample is using purposive sampling technique in accordance with criteria and multiple linear regression method to perform data analysis. The results of simultaneous research showed that systematic economic risk and funding policy have significant effect on stock return of Jakarta Islamic Index. While the test results partially shows that systematic economic risk provide significant effect while funding policy does not give significant effect on return of shares of Jakarta Islamic Index.

Volume 11 | 03-Special Issue

Pages: 689-694