Comparative Analysis of Sharia Stock Performance Before and During Covid-19 Pandemic in Indonesia

Faruk, Ahmad

doi:10.56174/pjieb.v2i1.44

Cited by 6 publications

(7 citation statements)

References 4 publications

(6 reference statements)

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“…This ratio, DTAR, is also known as a leverage ratio since it indicates how many assets a firm has to service its debts ( 5 ). In other words, it indicates how much debt is covered by the company's total assets.…”

Section: Related Literature and Hypothesis Developmentmentioning

confidence: 99%

“…The whole corporate world confronts various obstacles in the business climate in 2020, including the collapse of oil prices and the release of a new version of COVID-19 ( 3 , 4 ). This destructive and upgraded form of COVID-19 not only has an impact on the health and prosperity of the people living in society, but it also causes instability in the global economy ( 5 , 6 ). After the declaration of WHO COVID-19 as a worldwide pandemic, the whole globe was declared a global lockdown ( 7 ).…”

Section: Introductionmentioning

confidence: 99%

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COVID-19 and financial performance: Pre and post effect of COVID-19 on organization performance; A study based on South Asian economy

Qadri

Raza³

et al. 2023

Front. Public Health

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The COVID-19 epidemic has damaged developing as well as developed economies and reduced the profitability of several companies. Technological advancement plays a vital role in the company's performance in this current situation. All activities carry on virtually. In this study, the financial performance of enterprises in the South Asian banking industry will be compared before and after the COVID-19 epidemic. Furthermore, the full influence of the pandemic will take place in the long run. This study also explains the technological effect on improving performance, especially during the period of the COVID-19 pandemic. It has an impact on people's social lives as well as the economic world. This study examined a sample of 34 banks from the South Asian region from 2016 to 2021. A Wilcox rank test was used to determine whether there was a significant difference before and after the epidemic era. The overall conclusion of this study is that the COVID-19 pandemic had a significant influence on the bank's financial performance, particularly in terms of profitability. But technological advancement has a positive effect on organizational performance, ultimately increasing the financial performance of South Asian banks. And there is a big difference between pre-pandemic and post-pandemic organizational performance. The findings of this study have significant policy implications since it is clear that cooperation among governments, banks, regulatory agencies, and central banks is necessary to address the financial and economic effects of the COVID-19 pandemic.

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Section: Related Literature and Hypothesis Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

COVID-19 and financial performance: Pre and post effect of COVID-19 on organization performance; A study based on South Asian economy

Qadri

Raza³

et al. 2023

Front. Public Health

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“…Sedangkan analisis portofolio optimal entitas manufaktur dalam indeks saham syariah Indonesia diteliti pada (Najamuddin et al, 2021). Pada masa pandemi Covid-19, beberapa peneliti juga telah melakukan penelitian serupa, diantaranya yaitu pada (Chasanah et al, 2020), (Ashari et al, 2021) dan (Al Faruk & Marsono, 2022).…”

Section: Pendahuluanunclassified

Analisis Pembentukan Portofolio Optimal Saham-Saham JII30 Dengan Model Indeks Tunggal Periode New-Normal

et al. 2022

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The purpose of this research is to analyze the formation of the optimal portfolio on the Jakarta Islamic Index 30 (JII30) stocks during the new normal period. The model used is a single index model. This study uses secondary data for the period December 2020 - November 2021 from stocks listed on JII30 on the Indonesia Stock Exchange. The results showed that the selected model provides optimal benefits. The risk-free asset return does not provide a higher return than the simulation results. Of the 30 stocks listed in JII30, obtained 7 stocks with the most significant proportion of funds, namely ERAA (25.72%), MDKA (24.87%), TLKM (17.98%), EXCL (12.82%), AKRA (7.54%), ADRO (6.73 %) and ANTM (4.34%). The formation of the optimal portfolio in this study produces an expected return of 0.009974 or 1%, where the portfolio return is above the market rate of return and the average risk-free rate. Meanwhile, the optimal portfolio risk obtained is 0.003173 and the standard deviation is 0.056327 or 5.63%. The impact of the Covid-19 pandemic which has subsided and the economy is getting better has resulted in the formation of an optimal JII30 portfolio that can be carried out and reduce investment risk during the new normal period. Keywords: Jakarta Islamic Index 30 (JII30), Single Index model, new normal, Optimal portfolio

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“…Penelitian terkait penggunaan Model Indeks Tunggal dalam pembentukan potofolio optimal sudah pernah dilakukan pada beberapa penelitian sebelumnya. Pada masa pandemik Covid-19, penelitian pada [9][10]dan [11] telah melakukan penelitian dengan objek indeks saham Jakarta Islamic Index (JII). Penelitian dengan objek indeks saham JII pada periode 2014 -2018 diteliti pada [1].…”

Section: Pendahuluanunclassified

Implementasi Model Indeks Tunggal dalam Pembentukan Portofolio Optimal pada Saham Syariah MES BUMN 17 Periode New Normal

Abdullah

Huda

Chasanah

et al. 2022

JaMES

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Pasar modal merupakan salah satu wadah dalam berinvestasi saham. Pilihan indeks saham dalam pasar modal di Indonesia dapat dilihat pada Bursa Efek Indonesia (BEI), dimana beberapa diantaranya memiliki prinsip syariah. Salah satu indeks saham yang memiliki prinsip tersebut adalah MES BUMN 17. Pada masa new normal tidak bisa dipungkiri bahwa dalam berinvestasi akan ada kemungkinan dalam mendapatkan imbal hasil dan risiko yang tidak terduga. Tujuan dalam penelitian ini adalah membentuk portofolio yang optimal pada 17 saham yang tergabung dalam MES BUMN 17 pada masa new normal. Penelitian ini menggunakan Single Index Model. Data yang digunakan pada penelitian ini yaitu pada periode new normal, yakni pada periode Desember 2020 s.d November 2021. Hasil penelitiaan didapatkan bahwa pada periode new normal, pada saham MES BUMN 17, memberikan keuntungan yang optimal. Dari 17 saham yang terdapat pada MES BUMN 17, didapatkan 3 saham yaitu saham BRIS (Bank Syariah Indonesia Tbk.) dengan proporsi portofolio 67.093%, saham PTBA (Bukit Asam Tbk.) dengan proporsi portofolio 21.481% dan saham IPCC (Indonesia Kendaraan Terminal Tbk.) dengan proporsi portofolio 11.426%. Expected return portofolio optimal dan risiko portofolio optimal masing-masing sebesar 0.82% dan 0.35% per minggu. Artinya dalam skenario portofolio optimal yang diperoleh dalam analisis ini masih memberikan keuntungan bagi para investor pada periode new normal.

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Comparative Analysis of Sharia Stock Performance Before and During Covid-19 Pandemic in Indonesia

Cited by 6 publications

References 4 publications

COVID-19 and financial performance: Pre and post effect of COVID-19 on organization performance; A study based on South Asian economy

COVID-19 and financial performance: Pre and post effect of COVID-19 on organization performance; A study based on South Asian economy

Analisis Pembentukan Portofolio Optimal Saham-Saham JII30 Dengan Model Indeks Tunggal Periode New-Normal

Implementasi Model Indeks Tunggal dalam Pembentukan Portofolio Optimal pada Saham Syariah MES BUMN 17 Periode New Normal

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