Pengaruh Fundamental Perusahaan terhadap Harga Saham Syariah dengan Earning Per Share sebagai Variabel Moderating di Jakarta Islamic Index 70 Periode 2018-2021

Abstract

The research discusses effects of company fundamentals return or asset, debt equity ratio, free cashflow and working capital turnover) on Sharia Share Price with Earnings Per Share as A Moderating Variable in Jakarta Islamic Index 70. In addition, the research aims to find out if Earnings Per Share can be used as a moderating variable in the models

The research employs causal design with quantitative approach, 30 companies of Jakarta Islamic Index 70 which are listed on the Indonesia Stock Exchange from 2018 until 2021 are used as samples Secondary data are used in tins research and samples are determined using purposive sampling technique. The analysis is conducted using software Eylews12 includes panel data regression, descriptive statistical test, multiple linear regression, and moderation test.

The result indicates that return on asset free cash flow, working capital turnover partially have a positive and significant effect on shuria share price while debt equity ratio has a negative and insignificant effect on sharia share price Earnings per share as a moderating variable cannot moderate the effect of debt equity ratio, free cash flow and working capital turnover on sharia share price in Jakarta Islamic Index 70 which are listed on the Indonesia Stock Exchange