PENGARUH STOCK SELECTION SKILL, MARKET TIMING ABILITY, INFLASI DAN JAKARTA ISLAMIC INDEX TERHADAP KINERJA REKSA DANA SAHAM SYARIAH DI INDONESIA PERIODE TAHUN 2018-2020

Setya Anissa, - (2021) PENGARUH STOCK SELECTION SKILL, MARKET TIMING ABILITY, INFLASI DAN JAKARTA ISLAMIC INDEX TERHADAP KINERJA REKSA DANA SAHAM SYARIAH DI INDONESIA PERIODE TAHUN 2018-2020. S1 thesis, Universitas Pendidikan Indonesia.

Abstract

Terjadi penurunan Nilai Aktiva Bersih (NAB) reksa dana saham syariah dua
tahun berturut-turut. Jika penurunan NAB terjadi terus menerus akan
menyebabkan investor menginvestasikan dananya kepada instrumen lain, hal ini
akan menyebabkan menurunnya kinerja reksa dana saham syariah. Adapun tujuan
dari penelitian ini secara umum untuk menganalisis pengaruh dari tingkat stock
selection skill, tingkat market timing ability, tingkat inflasi dan tingkat Jakarta
Islamic Index terhadap kinerja reksa dana saham syariah di Indonesia periode
tahun 2018-2020. Metode yang digunakan dalam penelitian ini adalah metode
kuantitatif dengan desain kausalitas. Subjek dalam penelitian ini adalah produk
reksa dana saham syariah yang terdaftar di Otoritas Jasa Keuangan (OJK) tahun
2018-2020. Dalam penelitian ini menggunakan teknik purposive sampling dengan
jumlah sampel sebanyak 22 produk saham syariah. Teknik analisis data
menggunakan analisis regresi data panel. Hasil penelitian secara parsial
menunjukkan bahwa tingkat stock selection skill berpengaruh positif terhadap
kinerja reksa dana saham syariah, tingkat market timing ability berpengaruh
positif terhadap kinerja reksa dana saham syariah, tingkat inflasi berpengaruh
negatif terhadap kinerja reksa dana saham syariah, dan tingkat Jakarta Islamic
Index berpengaruh positif terhadap kinerja reksa dana saham syariah. Penelitian
ini diharapkan dapat memberikan manfaat bagi manajer investasi dalam
menganalisis faktor-faktor yang mempengaruhi kinerja reksa dana saham syariah
dan memberikan informasi kepada investor mengenai reksa dana saham syariah
yang memiliki kinerja yang baik.
Kata Kunci: Kinerja saham syariah, Stock selection skill, Market timing ability,
Inflasi dan Jakarta Islamic Index.
ii
Setya Anissa, 2021
PENGARUH STOCK SELECTION SKILL, MARKET TIMING ABILITY, INFLASI DAN JAKARTA ISLAMIC
INDEX TERHADAP KINERJA REKSA DANA SAHAM SYARIAH DI INDONESIA PERIODE TAHUN 2018-
2020
Universitas Pendidikan Indonesia repository.upi.edu perpustakaan.upi.edu
Setya Anissa (1700142) "The Influence of Stock Selection Skill, Market Timing
Ability, Inflation and the Jakarta Islamic Index on the Performance of Sharia
Equity Mutual Funds in Indonesia for the Period 2018-2020", under the
guidance of Dr. Kusnendi, M.S and Suci Aprilliani Utami, S.Pd., M.E.Sy.
ABSTRACT
Occuring the reduction of Net Asset Value (NAV) sharia mutual fund stock 2
years in a row. If the reduction of NAV happened continuously it will cause the
investors invest their fund to the other instrument, this will decrease the
performance of sharia mutual fund stock. The purpose of this research in general
is to analyze the effect of the level of stock selection skill, the level of market
timing ability, the level of inflation and the level of the Jakarta Islamic Index on
the performance of Islamic equity mutual funds in Indonesia for 2018-2020
period. The method that is used in this research is a quantitative method research
with a causality design. The subjects in this research is sharia equity mutual fund
products which is registered in the Financial Services Authority (OJK) in 2018-
2020. In this research uses purposive sampling technique with a total sample of
22 sharia stock products. The data analysis technique uses panel data regression
analysis. The results of the research partially show that the level of stock selection
skill has a positive effect on the performance of Islamic stock mutual funds, the
level of market timing ability has a positive effect on the performance of Islamic
equity mutual funds, the level of inflation has a negative effect on the performance
of Islamic equity mutual funds, and the level of the Jakarta Islamic Index has a
positive effect on the performance of Islamic stock mutual funds. This research is
expected to provide benefits for investment managers in analyzing the factors that
affect the performance of Islamic stock mutual funds and provide information to
investors about Islamic stock mutual funds that has good performance.
Keywords: Sharia stock performance, Stock selection skill, Market timing ability,
Inflation and Jakarta Islamic Index.

	Text S_EKI_1700142_Title.pdf Download (646kB)
	Text S_EKI_1700142_Chapter1.pdf Download (243kB)
	Text S_EKI_1700142_Chapter2.pdf Restricted to Staf Perpustakaan Download (633kB)
	Text S_EKI_1700142_Chapter3.pdf Download (328kB)
	Text S_EKI_1700142_Chapter4.pdf Restricted to Staf Perpustakaan Download (732kB)
	Text S_EKI_1700142_Chapter5.pdf Download (128kB)
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Item Type:	Thesis (S1)
Uncontrolled Keywords:	Kinerja saham syariah, Stock selection skill, Market timing ability,Inflasi dan Jakarta Islamic Index.
Subjects:	L Education > L Education (General)
Divisions:	Fakultas Pendidikan Ekonomi dan Bisnis > Ilmu Ekonomi dan Keuangan Islam
Depositing User:	Setya Anissa
Date Deposited:	25 Jan 2022 06:26
Last Modified:	25 Jan 2022 06:26
URI:	http://repository.upi.edu/id/eprint/70468

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