The effect of macro economy and characteristics of company on beta syariah shares

This study investigated the characteristics of company and macro economy those influence beta of syariah shares.The characteristics of company, as the independent variable consists of earning per share, dividend payout ratio, leverage, assets size, current ratio and investment return. Macro econ...

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Bibliographic Details
Main Author: Kartikasari, Lisa
Format: Conference or Workshop Item
Language:English
Published: 2016
Subjects:
Online Access:http://repo.uum.edu.my/20044/1/KMICe2016%2099%20103.pdf
http://repo.uum.edu.my/20044/
http://www.kmice.cms.net.my/kmice2016/files/KMICe2016_eproceeding.pdf
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Summary:This study investigated the characteristics of company and macro economy those influence beta of syariah shares.The characteristics of company, as the independent variable consists of earning per share, dividend payout ratio, leverage, assets size, current ratio and investment return. Macro economy consists of inflation and currency exchange rate. Sample is collected with purposive sampling method for 4 years of observation in Jakarta Islamic Index. The total samples are 90 companies.The result of study upon the characteristics of company, and macroeconomic variables to the return of syariah shares indicated that only current ratio variable had the level of significant of 5% influencing beta syariah shares.