Ahmad, Syauki DYNAMICS OF FUNDAMENTAL FACTORS AND MACROECONOMICS IN DETERMINING THE STOCK PRICES OF ISLAMIC BANKS IN INDONESIA. AL-AMWAL : Jurnal Kajian Ekonomi dan Perbankan Syariah.
![]() |
PDF
Download (5MB) |
Abstract
ABSTRAK Penelitian ini didasari oleh gejolak pasar modal di Indonesia selama kurun waktu 2020 – 2023 yang disebabkan pandemi, isu resesi 2023, maupun gejolak internal masing-masing bank itu sendiri. Penelitian ini menganalisis pengaruh variabel fundamental bank syariah dan variabel makroekonomi Indonesia terhadap harga saham bank syariah dari tahun 2020 hingga 2023. Pengaruh antar variabel bebas terhadap variabel terikat dihubungkan menggunakan teori pasar efisien. Penelitian dianalisis menggunakan metode kuantitatif dengan data sekunder dari laporan keuangan bank syariah dan data publikasi makroekonomi dari Bank Indonesia. Analisis meliputi statistik deskriptif, uji asumsi klasik, serta regresi data panel. Hasil penelitian menunjukkan bahwa EPS dan suku bunga berpengaruh positif tidak signifikan, sedangkan NPM dan inflasi berpengaruh negatif tidak signifikan terhadap harga saham, Secara bersama-sama, seluruh variabel independen berpengaruh positif tidak signifikan terhadap harga saham, artinya seluruh variabel independen tidak berpengaruh secara signifikan baik secara parsial maupun simultan. Kata kunci: Bank Syariah, Saham, Fundamental, Makroekonomi. ABSTRACT This study is based on the turmoil in the capital market in Indonesia during the period 2020 - 2023 caused by the pandemic, the issue of the 2023 recession, and the internal turmoil of each bank itself. This study analyzes the effect of fundamental variables of Islamic banks and Indonesian macroeconomic variables on the stock prices of Islamic banks from 2020 to 2023. The influence between independent variables on the dependent variable is connected using the efficient market theory. The study was analyzed using quantitative methods with secondary data from Islamic bank financial reports and macroeconomic publication data from Bank Indonesia. The analysis includes descriptive statistics, classical assumption tests, and panel data regression. The results of the study show that EPS and interest rates have a positive insignificant effect, while NPM and inflation have a negative insignificant effect on stock prices. Together, all independent variables have a positive insignificant effect on stock prices, meaning that all independent variables do not have a significant effect either partially or simultaneously. Keywords: Islamic Bank, Stocks, Fundamental, Macroeconomics.
Item Type: | Article |
---|---|
Subjects: | Perbankan Syariah |
Divisions: | Fakultas Ekonomi dan Bisnis Islam > Perbankan Syariah |
Depositing User: | LAYANAN PERPUSTAKAAN UINRIL REFERENSI |
Date Deposited: | 04 Dec 2024 02:39 |
Last Modified: | 04 Dec 2024 02:39 |
URI: | https://repository.radenintan.ac.id/id/eprint/36445 |
Actions (login required)
![]() |
View Item |