Eps Movement of Sharia Shares in the Consumer Goods Industry Sector that Are Included in the ISSI Index During the Covid-19 Pandemic
DOI:
https://doi.org/10.31958/jeh.v8i1.8700Keywords:
Consumer Goods, Covid-19 Pandemic, Sharia SharesAbstract
This study aims to determine the movement of Earning Per Share (EPS) of sharia stocks in the Goods and Consumption Industry sector which are included in the Indonesian Sharia Stock Index (ISSI) on the Indonesia Stock Exchange (IDX) during the 2019-2021 co-19 pandemic. The population and sample in this study were 27 companies issuing Islamic stock securities in the consumer goods industry sector which were included in the ISSI Index on the Indonesia Stock Exchange. The research period is 3 years, namely during the early period of the 2019 Covid-19 pandemic, and the peak period of the 2020-2021 Covid-19 pandemic. The research method used is descriptive qualitative by describing existing phenomena based on the company's financial report data. The results of this study indicate that external factors such as the Covid-19 pandemic have an effect on the Earning Per Share (EPS) obtained by companies that issue Islamic stocks in the consumer goods industry sector. From the results of the study it was also concluded that not all companies experienced a decrease in EPS, there were companies that experienced an increase in EPS, especially those engaged in the health sub-sector and several companies from the consumption sub-sector. The increase in EPS indicates that the company is able to increase investor prosperity, so that the level of investor confidence is also increasing. This really encourages investors to invest in the company.References
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Agus Priyono, A., & Kartiko, A. (2021). The Effect Of Covid-19, Rupiah Exchange Rate And Inflation On The Indonesian Sharia Stock Index During The Covid-19 Pandemic. In Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) (Vol. 4, Issue 1). https://www.ojk.go.id
Andriani. (2022). Jumlah Investor Syariah Dan Harga Saham (Potret Harga Saham Pada JII Masa Pandemi Covid-19). Proceedings of Islamic Economics, Business, and Philanthropy, 1(1), 25–39.
Ashraf, B. N. (2020). Stock markets’ reaction to COVID-19: Cases or fatalities? Research in International Business and Finance, 54. https://doi.org/10.1016/j.ribaf.2020.101249
Guntoro, R., Arrozi, M. F., Ekonomi, F., Bisnis, D., Unggul, E., Jalan, J., Utara Nomor, A., Jeruk, K., & Barat, J. (2020). PENGARUH INTELLECTUAL CAPITAL DAN EARNING PER SHARE TERHADAP HARGA SAHAM (Vol. 1).
Hidayat, R., Anggraini, D., Riyani, Y., & Endri, E. (2022). Optimal Sharia Portfolio Selection to Outperform the Stock Market in the Post-Pandemic Era. Quality - Access to Success, 23(187), 287–294. https://doi.org/10.47750/QAS/23.187.35
Irton, I., Khairawati, S., & Murtadlo, M. B. (2021). Investor Behavior In Islamic Capital Markets: Study On Muslim Students. Jurnal Manajemen Dan Bisnis Performa, 18(3). https://doi.org/10.29313/performa.v18i3.7986
Maharani, Y. (2020). Model Prediksi Arus Kas di Masa Depan (Studi Empiris pada Perusahaan Telekomunikasi yang Terdaftar di BEI) (Vol. 1, Issue 1).
Murhadi, T., Aziz, N., Utami, S., & Shabri Abd MAJID, M. (2021). Investigating Repurchase Intention on Sharia Shares: An Empirical Evidence of the Sharia Stock Market in Indonesia. Journal of Asian Finance, 8(5), 761–0768. https://doi.org/10.13106/jafeb.2021.vol8.no5.0761
Okorie, D. I., & Lin, B. (2021). Stock markets and the COVID-19 fractal contagion effects. Finance Research Letters, 38. https://doi.org/10.1016/j.frl.2020.101640
Ramdany, A., & Manurung, T. M. S. (2022). The Effect Of Financial Performance On Pt Indofood Sukses Makmur, Tbk’s Stock Price On The Indonesia Stock Exchange (Period Of 2016 – 2020). Jurnal Ilmiah Manajemen Kesatuan, 10(3). https://doi.org/10.37641/jimkes.v10i3.1488
Yang, M., al Mamun, A., Mohiuddin, M., Ali Al-Shami, S. S., & Zainol, N. R. (2021). Predicting stock market investment intention and behavior among malaysian working adults using partial least squares structural equation modeling. Mathematics, 9(8). https://doi.org/10.3390/math9080873
Yanto, Edi. , N. I. (2022). Konsep Dasar Pengangaran Perusahaan.
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Published
2023-04-14
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Y, A. (2023). Eps Movement of Sharia Shares in the Consumer Goods Industry Sector that Are Included in the ISSI Index During the Covid-19 Pandemic. El -Hekam, 8(1), 26–34. https://doi.org/10.31958/jeh.v8i1.8700
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