Devita Amelia Sari, - and Aas Nurasyiah, - and Rumaisah Azizah Al-Adawiyah, - (2025) ANALISIS RASIO KEUANGAN DAN VARIABEL MAKROEKONOMI TERHADAP HARGA SAHAM PADA SUBSEKTOR PERBANKAN SYARIAH DI BURSA EFEK INDONESIA. S1 thesis, Universitas Pendidikan Indonesia.
Abstract
Saham syariah merupakan salah satu alternatif investasi yang diminati investor. Harga saham merupakan salah satu indikator yang mencerminkan keberhasilan pengelolaan perusahaan. Penelitian ini bertujuan untuk menganalisis faktor-faktor yang memengaruhi harga saham pada subsektor perbankan syariah di BEI dengan menggunakan pendekatan teori sinyal. Variabel yang digunakan meliputi Return On Assets (ROA), Risiko Geopolitik, dan Nilai Tukar Rupiah dengan Harga Saham sebagai variabel dependen. Penelitian ini menggunakan metode regresi data panel dengan pendekatan Random Effect Model (REM) selama periode 2021–2023. Hasil penelitian menunjukkan bahwa ROA berpengaruh positif dan signifikan terhadap harga saham. Sementara itu, risiko geopolitik dan nilai tukar rupiah berpengaruh negatif terhadap harga saham. Temuan penelitian ini menegaskan pentingnya mempertimbangkan aspek profitabilitas internal perusahaan, dan juga mencermati dinamika makroekonomi seperti ketegangan geopolitik dan fluktuasi nilai tukar dalam menyusun strategi investasi saham, khususnya pada subsektor perbankan syariah, serta memperkuat penerapan teori sinyal dalam konteks saham. Islamic stocks are one of the investment alternatives in which investors are interested. Stock price is an indicator of company management success. This study uses a signal theory approach to analyze the factors that influence stock prices in the Islamic banking subsector on the IDX. The variables include Return On Assets (ROA), Geopolitical Risk, and Rupiah Exchange Rate, with Stock Price as the dependent variable. The study employed a panel data regression method with a random effects model (REM) approach during the 2021–2023 period. The results showed that ROA has a positive and significant effect on stock prices. Meanwhile, geopolitical risk and the rupiah exchange rate negatively affect stock prices. These findings emphasize the importance of considering internal company profitability and paying close attention to macroeconomic dynamics, such as geopolitical tensions and exchange rate fluctuations, when developing stock investment strategies, particularly in the Islamic banking subsector. They also highlight the importance of applying signal theory in the context of stocks.
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| Item Type: | Thesis (S1) |
|---|---|
| Additional Information: | https://scholar.google.com/citations?hl=en&view_op=list_works&gmla=AH8HC4ww2yHnCK-S-VRD_1nI67awXFWsGxYJYkRu-UlIvkneZ3CSZZ-nZwABTBVhtYJfHzcDv9docyb7Q6hbEA&user=F8FmDIgAAAAJ Aas Nurasyiah : 5994697 Rumaisah Azizah Al-Adawiyah : 6722046 |
| Uncontrolled Keywords: | Harga Saham Syariah, Return On Assets, Risiko Geopolitik, Nilai Tukar Rupiah, Sektor Perbankan Syariah Sharia Stock Price, Return On Assets, Geopolitical Risks, Rupiah Exchange Rate, Sharia Banking Subsector |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Fakultas Pendidikan Ekonomi dan Bisnis > Ilmu Ekonomi dan Keuangan Islam |
| Depositing User: | Devita Amelia Sari |
| Date Deposited: | 22 Aug 2025 06:52 |
| Last Modified: | 22 Aug 2025 06:52 |
| URI: | http://repository.upi.edu/id/eprint/135900 |
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