Investigating Islamic Financial Market: a Study in Jakarta Islamic Index

Keywords: Financial Performance, Jakarta Islamic Index, Stock Price

Abstract

This study aims to determine the effect of the current ratio (CR), debt-to-equity ratio (DER), return on equity (ROE), and earnings per share (EPS) on the stock prices of companies listed on the Jakarta Islamic Index (JII) for the 2016-2016 period. 2020. By employing a descriptive quantitative approach, and secondary data collected, a multiple linear regression analysis was conducted. The results of the study found that: the current ratio (CR) has a positive and significant effect on the stock prices of companies listed in JII, the debt-to-equity ratio (DER) has no effect on the stock prices of companies listed on JII. Meanwhile, ROE has a positive and significant effect on the stock price of companies listed on JII and EPS has a positive and significant effect on the stock prices of companies listed on JII.

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Published
2022-10-24
How to Cite
Jaya, A., & Nurlina. (2022). Investigating Islamic Financial Market: a Study in Jakarta Islamic Index. International Journal of Religious and Cultural Studies, 4(2), 175-186. https://doi.org/10.34199/ijracs.2022.10.05