Effect of Market Value Ratios on Stock Return The Islamic Stock Exchange

Irma Christiana; Masta Sembiring; Nurwani Nurwani; Hastina Febriaty

Proceedings of the 1st International Conference on Economics, Management, Accounting and Business, ICEMAB 2018, 8-9 October 2018, Medan, North Sumatra, Indonesia

Research Article

Effect of Market Value Ratios on Stock Return The Islamic Stock Exchange

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@INPROCEEDINGS{10.4108/eai.8-10-2018.2288727,
    author={Irma  Christiana and Masta  Sembiring and Nurwani  Nurwani and Hastina  Febriaty},
    title={Effect of Market Value Ratios on Stock Return The Islamic Stock Exchange},
    proceedings={Proceedings of the 1st International Conference on Economics, Management, Accounting and Business, ICEMAB 2018, 8-9 October 2018, Medan, North Sumatra, Indonesia},
    publisher={EAI},
    proceedings_a={ICEMAB},
    year={2019},
    month={10},
    keywords={price earning ratio price to book value ratio return saham},
    doi={10.4108/eai.8-10-2018.2288727}
}

Irma Christiana
Masta Sembiring
Nurwani Nurwani
Hastina Febriaty
Year: 2019
Effect of Market Value Ratios on Stock Return The Islamic Stock Exchange
ICEMAB
EAI
DOI: 10.4108/eai.8-10-2018.2288727

Irma Christiana¹^,*, Masta Sembiring¹, Nurwani Nurwani¹, Hastina Febriaty¹

1: University of Muhammadiyah Sumatera Utara, Jalan Kapten Mukhtar Basri No. 3 Medan, Indonesia

*Contact email: irmachristiana@umsu.ac.id

Abstract

The purpose of this study was to test the influence of variable PER and PBVR against return stock Jakarta Islamic Index. Sampling by using purposive sampling technique, obtained samples as many as 8 companies that entered in the stock Jakarta Islamic Index during the period 2014-2017. Data analysis techniques using multiple linear regression. Hypothesis testing using the t-test statistics to partially and simultaneously use the F-test significant level of 5%. Research results either partially or simultaneous shows that PER and PBVR has no effect against the return of the stock. For the ability of prediction of PER and PBVR against stock return of 12%, the remaining 88% other factors influenced.

Keywords: price earning ratio price to book value ratio return saham

Published: 2019-10-29
Publisher: EAI

: http://dx.doi.org/10.4108/eai.8-10-2018.2288727