PENGARUH SER TERHADAP ROE DAN EPS EMITEN INDUSTRI KEUANGAN TAHUN 2013-2019

Authors

  • Dicky Ridho Arifiandy Universitas Brawijaya
  • Marlina Ekawaty Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Keywords:

Sukuk to Equity Ratio, Return on Equity, Earning Per Share

Abstract

Indonesia is a country with the largest Muslim population in the world.  This makes Indonesia have great potential in developing the Islamic financial sector.  In fact, Indonesia hasn't been able to maximize its potential.  One of the sharia investment that shows positive developments is Sukuk.  This study aims to analyze the effect of Sukuk to Equity Ratio on Return on Equity and Earning Per Share of issuers on the Indonesia Stock Exchange in 2013-2019.  This study uses regression analysis to panel data with quantitative method.  The results of this study indicate that the Sukuk to Equity Ratio has a significant positive effect on Return on Equity and Earning Per Share. These results are in accordance with the hypothesis formulated in this study.

References

AAOIFI’s Proposed Standards For Governance Of Sukuk Might Open The Door To Unforeseen Risks | S&P Global Ratings. (2019). https://www.spglobal.com/ratings/en/research/articles/190121-aaoifi-s-proposed-standards-for-governance-of-sukuk-might-open-the-door-to-unforeseen-risks-10845414

Agus Harjito, & Martono. (2014). Manajemen Keuangan Edisi Kedua. https://scholar.google.co.id/citations?view_op=view_citation&hl=id&user=Y9lisHYAAAAJ&citation_for_view=Y9lisHYAAAAJ:rO6llkc54NcC

Agus Sartono. (2008). Manajemen Keuangan, Teori dan Aplikasi. https://scholar.google.co.id/citations?view_op=view_citation&hl=en&user=22TV82MAAAAJ&citation_for_view=22TV82MAAAAJ:hC7cP41nSMkC

Agus Sartono. (2010). Manajemen Keuangan Teori dan Aplikasi Edisi 4. https://scholar.google.co.id/citations?view_op=view_citation&hl=en&user=22TV82MAAAAJ&citation_for_view=22TV82MAAAAJ:mB3voiENLucC

Agus Tri Basuki, & Nano Prawoto. (2016). Analisis regresi dalam penelitian ekonomi dan bisnis. RajaGrafindo Persada. https://onesearch.id/Record/IOS3107.UMS:60577/Details

Ahmad Rodoni, & Herni Ali. (2014). Manajemen Keuangan Modern. https://opac.perpusnas.go.id/DetailOpac.aspx?id=994383

Ali Herman Ibrahim, Dadan Umar Daihani, Tatik Mariyanti, & Uke Marius Siahaan. (2019). THE EFFECT OF SUKUK FINANCING AND CAPITAL STRUCTURE ON FINANCIAL PERFORMANCE AND CORPORATE VALUE: A STUDY OF SUKUK ISSUER LISTED IN INDONESIAN STOCK EXCHANGE | International Journal of Islamic Business. https://e-journal.uum.edu.my/index.php/ijib/article/view/13274

Brigham, E. F., Joel F. Houston, & Ali Akbar Yulianto. (2014). Dasar-dasar manajemen keuangan edisi 11-buku 1 (Essential of financial management). Salemba Empat. https://inlislite.kalselprov.go.id/opac/detail-opac?id=42269

Budi Raharjo. (2009). Laporan Keuangan Perusahaan: Membaca Memahami dan Menganalisis . Gadjah Mada Unniversity Press. https://ugmpress.ugm.ac.id/id/product/ekonomi-bisnis/laporan-keuangan-perusahaan-membaca-memahami-dan-menganalisis

Bursa Efek Indonesia. (n.d.). Bursa Efek Indonesia. Retrieved July 10, 2022, from https://www.idxchannel.com/

Darmadji, Tjiptono, Fakhruddin, & Hendy M. (2011). Pasar Modal Di indonesia. Salemba Empat.

Emadea Primadiany, & Lilis Atmasari. (2018). Sukuk Ijarah dalam Kinerja Keuangan Perusahaan di Indonesia. https://jurnal.darmajaya.ac.id/index.php/PSND/article/view/1300

F. McDonald, J. (2012). The Modigliani-Miller Theorem for Equity Participation. Theoretical Economics Letters, 02(04), 361–364. https://doi.org/10.4236/tel.2012.24066

Fakhrana, F., & Mawardi, I. (2019). PENGARUH PENERBITAN SUKUK TERHADAP RETURN ON ASSETS EMITEN DI BURSA EFEK INDONESIA [Universitas Airlangga]. In Jurnal Ekonomi Syariah Teori dan Terapan (Vol. 5, Issue 5). https://doi.org/10.20473/VOL5ISS20185PP408-422

Fatwa Nomor: 32/DSN-MUI/IX/2002. (2002). https://www.ojk.go.id/id/kanal/syariah/regulasi/fatwa-dsn-mui/Pages/fatwa-nomor-32-dsn-mui-ix-2002.aspx

G.Kartasapoetra. (1992). Administrasi Perusahaan industri. BUMI AKSARA Jakarta.

IOSCO. (2004). ISLAMIC CAPITAL MARKET FACT FINDING REPORT REPORT OF THE ISLAMIC CAPITAL MARKET TASK FORCE OF THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS.

Isnain, B. F. (2020). Dampak pengumuman Penerbitan Sukuk, Obligasi Konvensional Terhadap Return Saham Perusahaan yang Listing di Bursa Efek Indonesia [Universitas Islam Negeri (UIN) Maulana Malik Ibrahim Malang]. http://etheses.uin-malang.ac.id/24931/1/16540075.pdf

James Julianto Irawan. (2016). Surat berharga : suatu tinjauan yuridis dan praktis. https://opac.perpusnas.go.id/DetailOpac.aspx?id=1173499

Jay Heizer, & Barry Render. (2009). Manajemen Operasi. Salemba Empat.

Kasmir. (2011). Analisis laporan keuangan. Rajawali Pers.

M. Arif Mufraini. (2013). Metodologi Penelitian Bidang Studi Ekonomi Islam. UIN Jakarta Press. https://scholar.google.co.id/citations?view_op=view_citation&hl=en&user=uVNKsZgAAAAJ&citation_for_view=uVNKsZgAAAAJ:uLbwQdceFCQC

Margono, S. (2005). Metodologi penelitian pendidikan. Rineka Cipta. https://opac.perpusnas.go.id/DetailOpac.aspx?id=635125

Masrana Siregar. (2020). Pengaruh Penerbitan Obligasi Syariah (Sukuk) Terhadap Return On Asset (ROA) Dan Return On Equity (ROE) PT. Bank Syariah Mandiri Di Indonesia Studi Kasus PT.BSM Tahun 2013-2019. http://repository.uinsu.ac.id/10518/

Moh. Pabundu Tika. (2006). Budaya organisasi dan peningkatan kinerja perusahaan. https://opac.perpusnas.go.id/DetailOpac.aspx?id=662739

Muhammad Firdaus. (2008). Manajemen Agribisnis. https://scholar.google.co.id/citations?view_op=view_citation&hl=id&user=Jf1unLoAAAAJ&citation_for_view=Jf1unLoAAAAJ:u5HHmVD_uO8C

Muhammad Nafik Hadi Ryandono. (2009). Bursa Efek dan Investasi Syariah.

Mulyadi Setyawan. (2007). Sistem perencanaan dan pengendalian manajemen Mulyadi, Johny Setyawan | Dinas Perpustakaan dan Kearsipan Provinsi Aceh. https://pustakaaceh.perpusnas.go.id/detail-opac?id=20351

Noerirawan. (2012). PENGARUH FAKTOR INTERNAL DAN EKSTERNAL PERUSAHAAN TERHADAP NILAI PERUSAHAAN.

Otoritas Jasa Keuangan. (2019). Statistik Sukuk Januari 2019. https://www.ojk.go.id/id/kanal/syariah/data-dan-statistik/data-produk-obligasi-syariah/Documents/Pages/Statistik-Sukuk-Syariah---Januari-2019/Statistik Sukuk Januari 2019.pdf

Prastowo, D. (2008). Analisa Laporan Keuangan : Konsep dan Aplikasi. AMP YKPN.

Putri, R. A. A., & Herlambang, L. (2015). Pengaruh Penerbitan Sukuk Ijarah Terhadap Return On Assets, Return On Equity dan Earning Per Share Emiten di Bursa Efek Indonesia Tahun 2009-2013 [Universitas Airlangga]. In Jurnal Ekonomi Syariah Teori dan Terapan (Vol. 2, Issue 6). https://doi.org/10.20473/vol2iss20156pp459-472

Siti Hardina Syanti Harahap. (2020). Pengaruh penerbitan obligasi syariah (sukuk) terhadap Return on Asset (ROA) pada PT. Bank Syariah Mandiri. http://etd.iain-padangsidimpuan.ac.id/4520/

Sudana, I. M. (2009). Manajemen keuangan : Teori dan praktik. Airlangga University Press.

Sudarsono, H. (2007). Bank dan Lembaga Keuangan Syariah. https://katalogdisperpusipmataram.perpusnas.go.id/detail-opac?id=8781

Sugiyono. (2016a). Metode Penelitian Kualitatif Dan Kuantitatif. Penerbit Alfabeta.

Sugiyono. (2016b). METODE PENELITIAN KUANTITATIF, KUALITATIF. Penerbit Alfabeta.

Suta, I. P. G. A. (2006). Kinerja pasar perusahaan publik di Indonesia: suatu analisis reputasi perusahaan. https://perpustakaan.kpk.go.id/index.php?p=show_detail&id=449&keywords=

Thamrin Abdullah, & Francis Tantri. (2019). Manajemen pemasaran. Rajawali Pers. https://opac.perpusnas.go.id/DetailOpac.aspx?id=1135529

Wibowo. (2008). Manajemen Perubahan. Rajawali Pers.

Downloads

Published

2022-12-07

Issue

Section

Articles