Realita Dinamika Pasar: Studi Intensif Distingsi Syariah Konvensional

  • Yadi Nurhayadi Universitas Muhammadiyah Prof. DR. HAMKA
  • Daram Heriansyah Universitas Muhammadiyah Prof. DR. HAMKA
  • Eva Susanti Universitas Muhammadiyah Prof. DR. HAMKA
  • Siti Azizziah Azzahra Universitas Muhammadiyah Prof. DR. HAMKA
Keywords: Analisis Bivariat, Analisis Multivariat, Pasar Syariah, Pasar Konvensional, Emiten Syariah, dan Emiten Konvensional.

Abstract

The research confirm the differences between sharia company stock index and conventional company stock index as the issuer at The Indonesia Stock Exchange. This research is a continuation of a series of previous studies by Nurhayadi et al earlier on the comparison between the sharia market and the conventional market. The Data consist of Jakarta Stock Exchange (JSX) Composite Index (Indeks Harga Saham Gabungan (IHSG)), Jakarta Stock Exchange Liquid Index (LQ45), Jakarta Islamic Index (JII), Indonesia Sharia Stock Index (ISSI), ten companies of sharia issuer, and ten companies of conventional issuer. There are seven scenarios based on bivariate and multivariate analysis that conducted regression, correlation, and determination test to know whether conventional company influence on sharia company. The research scenarios cover five years data from January 2014 to December 2018. The result confirms that the fluctuation of conventional issuer's stocks is different from the fluctuation of sharia issuer's stocks. Conventional issuers have a weak correlation with sharia issuers. This condition implies that between the conventional market and the Islamic market there is no correlation.

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References

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Published
2019-12-29
How to Cite
Nurhayadi, Y., Heriansyah, D., Susanti, E., & Azzahra, S. A. (2019). Realita Dinamika Pasar: Studi Intensif Distingsi Syariah Konvensional. Al-Urban: Jurnal Ekonomi Syariah Dan Filantropi Islam, 3(2), 190-202. https://doi.org/10.22236/alurban_vol3/is2pp190-202
Section
Articles

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