Research Article
Comparative Analysis of Conventional and Sharia Food and Beverages Company’s Stocks Performance Companies Towards IHSG
@INPROCEEDINGS{10.4108/eai.5-8-2020.2301131, author={Siti Azizziah Azzahra Pernama Putri and Yadi Nurhayadi and Daram Heriansyah}, title={Comparative Analysis of Conventional and Sharia Food and Beverages Company’s Stocks Performance Companies Towards IHSG}, proceedings={Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia}, publisher={EAI}, proceedings_a={ICBAE}, year={2020}, month={10}, keywords={stocks performance stock return sharpe index treynor index jensen index ihsg issi}, doi={10.4108/eai.5-8-2020.2301131} }- Siti Azizziah Azzahra Pernama Putri
Yadi Nurhayadi
Daram Heriansyah
Year: 2020
Comparative Analysis of Conventional and Sharia Food and Beverages Company’s Stocks Performance Companies Towards IHSG
ICBAE
EAI
DOI: 10.4108/eai.5-8-2020.2301131
Abstract
This research is aimed to determine how the relationship between conventional and sharia stock performance of food and beverages companies with Composite Stock Price Index (IHSG) and then comparison that stock performance of both companies whom listed in Indonesia Stock Exchange (BEI) and Indonesian Sharia Stock Index (ISSI) during 2015-2019. The result of this research is the conventional stock performance hasn’t a significant effect while the sharia stock performance has a significant positive effect on IHSG. The result of multiple linear regression analysis, conventional stock performance is inversely proportional or negatively while sharia stock performance is directly proportional or positively affected by return of IHSG. Then the calculation of return showed that sharia food and beverage companies has a better performance than conventional food and beverage companies. The value of risk adjusted performance showed that sharia’s food and beverage companies have a lower level of risk which means more guarantees of investment securities. On independent sample t test showed a result there’s no significant difference between conventional and sharia’s food and beverages of stocks performance.
