The Determinant Variables of Stock Prices in Jakarta Islamic Index (JII) Stock Group

Suryo Budi Santoso, Herni Justiana Astuti

2018

Abstract

The purpose of this study was to determine the effect of earnings per share (EPS), price earnings ratio (PER), dividend pay-out ratio (DPR), interest rate (IR), and net profit margin on stock prices in the Jakarta Islamic Index (JII) stock group. This study uses multiple regression analysis. The research data passed the classic assumption test. The research model fulfills the Goodness of Fit criteria, with the variability of the independent variable to the stock price of 76.3 percent. Based on multiple regression tests it was found that EPS and DPR significantly influence on stock prices in the JII stock group, while the other factors have no effect. Theory and previous research state that interest rates have a negative effect on stock prices. However, this study found the opposite and not significant.

Paper Citation

in Harvard Style

Santoso S. and Astuti H. (2018). The Determinant Variables of Stock Prices in Jakarta Islamic Index (JII) Stock Group.In Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES, ISBN 978-989-758-432-9, pages 1301-1306. DOI: 10.5220/0009511613011306

in Bibtex Style

@conference{unicees18,
author={Suryo Budi Santoso and Herni Justiana Astuti},
title={The Determinant Variables of Stock Prices in Jakarta Islamic Index (JII) Stock Group},
booktitle={Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES,},
year={2018},
pages={1301-1306},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009511613011306},
isbn={978-989-758-432-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st Unimed International Conference on Economics Education and Social Science - Volume 1: UNICEES,
TI - The Determinant Variables of Stock Prices in Jakarta Islamic Index (JII) Stock Group
SN - 978-989-758-432-9
AU - Santoso S.
AU - Astuti H.
PY - 2018
SP - 1301
EP - 1306
DO - 10.5220/0009511613011306