Melola Discovery

← Melola Discovery

Open access Jurnal

The Moderating Role of Return on Assets on Sharia Stock Returns: A Case Study on the Jakarta Islamic Index

Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam · Vol. 6 No. 2 (2022)

DOI
10.31332/lifalah.v6i2.2372
ISSN
2549-6085, 2541-6545
Published
2022-01-14
Publisher
Institut Agama Islam Negeri Kendari
License
creativecommons.org/licenses/by-sa/4.0

Abstract

This research aims to analyze the impact of Debt to Equity Ratio (DER), Exchange Value, and Index ISR in Sharia Stock Return pass of Return on Asset (ROA) in a company administered in the Jakarta Islamic Index 2013-2017 period. This sample choosing with the purposive sampling method with the total sample as 29 from 30 companies. The data used in this study is the secondary data, and data analysis used is the multiple linear regression analysis and path analysis. The research result indicates that experiment T Debt to Equity Ratio (DER) and Index ISR are not influential in Stock Return. Exchange Value and Return on Asset (ROA) significance of Stock Return. Debt to Equity Ratio (DER) and Index ISR influence Return on Asset (ROA). At the same time, Exchange Value is not influential with Return on Asset. Experiment F refers that DER, Exchange Value, and Index ISR influence Return on Asset and Stock Return. However, ROA cannot mediate the relation between DER, Exchange Value, and Index ISR in Stock Return.

Collaboration network of the authors

7 authors · 8 co-authorship links · 1 across different organisations

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Universitas Dian Nuswantoro
  • Walisongo State Islamic University
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Laela Rohma Puji LestariAffiliation unknown1
Sopiah SopiahAffiliation unknown1
Nina YuliantikaAffiliation unknown1
Lutfi Ayu Fadhilah UtamiAffiliation unknown1
Fahrodin FahrodinAffiliation unknown1
Ade Yusuf MujaddidWalisongo State Islamic University1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

This record comes from Crossref (what the publisher deposited), because the journal's own OAI-PMH endpoint could not be harvested.

Metadata source: Crossref API (cadangan, berdasarkan ISSN) https://api.crossref.org/journals/2549-6085/works, first harvested 29 Okt 2026, last seen 29 Okt 2026.
Metadata as oai_dc, converted from Crossref
<oai_dc:dc xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/"><dc:title>The Moderating Role of Return on Assets on Sharia Stock Returns: A Case Study on the Jakarta Islamic Index</dc:title><dc:creator>Adinugraha, Hendri Hermawan</dc:creator><dc:description>&lt;jats:p&gt;This research aims to analyze the impact of Debt to Equity Ratio (DER), Exchange Value, and Index ISR in Sharia Stock Return pass of Return on Asset (ROA) in a company administered in the Jakarta Islamic Index 2013-2017 period. This sample choosing with the purposive sampling method with the total sample as 29 from 30 companies. The data used in this study is the secondary data, and data analysis used is the multiple linear regression analysis and path analysis. The research result indicates that experiment T Debt to Equity Ratio (DER) and Index ISR are not influential in Stock Return. Exchange Value and Return on Asset (ROA) significance of Stock Return. Debt to Equity Ratio (DER) and Index ISR influence Return on Asset (ROA). At the same time, Exchange Value is not influential with Return on Asset. Experiment F refers that DER, Exchange Value, and Index ISR influence Return on Asset and Stock Return. However, ROA cannot mediate the relation between DER, Exchange Value, and Index ISR in Stock Return.&lt;/jats:p&gt;</dc:description><dc:publisher>Institut Agama Islam Negeri Kendari</dc:publisher><dc:date>2022-01-14</dc:date><dc:type>info:eu-repo/semantics/article</dc:type><dc:format>application/pdf</dc:format><dc:identifier>https://doi.org/10.31332/lifalah.v6i2.2372</dc:identifier><dc:identifier>10.31332/lifalah.v6i2.2372</dc:identifier><dc:source>Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam; Vol 6 No 2 (2022); 1</dc:source><dc:source>2549-6085</dc:source><dc:source>2541-6545</dc:source><dc:relation>https://ejournal.iainkendari.ac.id/index.php/lifalah/article/viewFile/2372/1654</dc:relation><dc:rights>http://creativecommons.org/licenses/by-sa/4.0</dc:rights></oai_dc:dc>