Comparative Analysis of Conventional and Sharia Food and Beverages Company’s Stocks Performance Companies Towards IHSG

Pernama Putri, Siti Azizziah Azzahra and Nurhayadi, Yadi and Heriansyah, Daram (2020) Comparative Analysis of Conventional and Sharia Food and Beverages Company’s Stocks Performance Companies Towards IHSG. In: ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia.

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Abstract

This research is aimed to determine how the relationship between conventional and sharia stock performance of food and beverages companies with Composite Stock Price Index (IHSG) and then comparison that stock performance of both companies whom listed in Indonesia Stock Exchange (BEI) and Indonesian Sharia Stock Index (ISSI) during 2015-2019. The result of this research is the conventional stock performance hasn’t a significant effect while the sharia stock performance has a significant positive effect on IHSG. The result of multiple linear regression analysis, conventional stock performance is inversely proportional or negatively while sharia stock performance is directly proportional or positively affected by return of IHSG. Then the calculation of return showed that sharia food and beverage companies has a better performance than conventional food and beverage companies. The value of risk adjusted performance showed that sharia’s food and beverage companies have a lower level of risk which means more guarantees of investment securities. On independent sample t test showed a result there’s no significant difference between conventional and sharia’s food and beverages of stocks performance.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: stocks performance stock return sharpe index treynor index jensen index ihsg issi
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: EAI Editor IV
Date Deposited: 05 May 2021 09:07
Last Modified: 05 May 2021 09:07
URI: https://eprints.eudl.eu/id/eprint/2770

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