The Impact of Price-earning Ratio (PER) and Dividend on Sharia Stock Prices
Verawati, Abd. Mubaraq, Windhu Putra
Asian Journal of Economics, Business and Accounting · pp. 414–424 · Published 16 Aug 2024
10.9734/ajeba/2024/v24i81466Abstract
Aims: This research aims to determine the effect of price earning ratio and dividends on sharia stock prices. Investors will expect a return on their investment and have the right to own the company. Conversely, the company will seek alternative sources of revenue without having to wait for the availability of operational income. Investors can look at the financial aspects of the company to determine its best performance. There are several financial ratios that investors can use to evaluate a company's stock price, including the independent variables in this study, which are the price-earnings ratio and dividends. whether the variable has an effect or not. Study Design: Descriptive, Corellation, and Regression analysis on time series data. Place and Duration of Study: Sample: the samples obtained in this study were 7 companies listed on the Indonesian stock exchange (BEI) with the Jakarta Islamic Index (JII) sharia index for 2019-2023. Methodology: The data analysis technique used is Multiple Linear Regression with SPSS26. This analysis uses financial statements from 2019 to 2023 taken from the official website of the Indonesia Stock Exchange. Stock price data is obtained from the Yahoo Finance website and the investment platform Stockbit. Results: The results of this study indicate that the significance value of PER is 0.611 > 0.05, so there is no significant effect of PER on sharia stock prices. Meanwhile, for the Dividend variable, the significance value is 0.001 < 0.05, indicating a significant effect of dividends on sharia stock prices. Conclusion: The Price Earnings Ratio (PER) variable does not have a significant effect on stock prices. The Dividend variable has a significant effect on stock prices. At the same time, changes in PER and Dividend have a significant impact on stock prices, or simultaneously affect them.
References (9)
- 1 Analisis Pengaruh Debt to Equity Ratio, Debt to Asset Ratio, Price Earning Ratio dan Price to Book Value Terhadap Harga Saham Pada Perusahaan Sektor Pertanian [DOI]
- 2 PENGARUH EARNING PER SHARE DAN PRICE EARNING RATIO TERHADAP DEBT TO EQUITY RATIO DAN HARGA SAHAM PADA PERUSAHAAN SEKTOR MAKANAN DAN MINUMAN DI BURSA EFEK INDONESIA [DOI]
- 3 Pengaruh Price Earning Ratio (PER), Price Book Value (PBV) dan Debt to Equity Ratio (DER) Terhadap Return Saham (Studi Terhadap Perusahaan Properti dan Real Estate yang Listing di Indeks Saham Syariah Indonesia) [DOI]
- 4 Pengaruh Dividend Per Share, Earning Per Share, dan Price Earning Ratio terhadap Harga Saham Syariah [DOI]
- 5 PENGARUH RETURN ON ASSET, DIVIDEND PAYOUT RATIO, DAN EARNING PER SHARE TERHADAP HARGA SAHAM SYARIAH PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX (JII) TAHUN 2014-2016 [DOI]
- 6 Factors Affecting Sharia Share Prices of Companies Listed on the Indonesian Sharia Share Index (ISSI) [DOI]
- 7 Analisis Pengaruh Right Issue Dan Dividen Terhadap Pergerakn Harga Saham Di Bursa Efek Indonesia (Studi Kasus KOMPAS100) [DOI]
- 8 Pengaruh price earning ratio, debt equity ratio, dan return on equity terhadap harga saham syariah periode 2017-2019 [DOI]
- 9 ANALISIS PENGARUH PEMBAYARAN DEVIDEN TERHADAP HARGA SAHAM SYARIAH DI JAKARTA ISLAMIC INDEX [DOI]
Cited by 0
No indexed citations yet.
Related research
- Stock Market Returns and Shareholders’ Wealth Sustainability of Companies Listed on the Nigerian Stock Exchange — shares topic coverage
- Relationship between Macroeconomic Variables and Dividend Payout of Some Listed Firms on the Ghana Stock Exchange Market: A Random Effect Analysis Approach — shares topic coverage
- Leverage and Dividend Policy: Evidence from the Indonesian Stock Exchange — shares topic coverage
- An Evaluation of Number of Shares Outstanding, Ownership Structure and Firm Size on the Controlling Effect of Dividend Policy on Shareholders Wealth Volatility of Some Selected Companies Listed on the Nigerian Exchange (NGX) — shares topic coverage
- Financial Performance and Market Response: Profitability Effects on Share Prices in the Indonesian Cigarette Sector — shares topic coverage
Article metrics
Real usage data collected on this platform.
4
Page views
0
PDF downloads
0
Outbound clicks
0
Citations
Views over time
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
Traffic sources
Referring site, by host.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.