ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PERANTARA SAHAM SYARIAH DAN SAHAM NON SYARIAH (Studi Empiris pada Perusahaan Non Keuangan yang Terdapat di BEI periode 2003 - 2005)

Abstract

This research examined the influence of current ratio, debt to equity ratio, inventory turnover, return on equity, net profit margin and dividend payout ratio on price earnings ratio (PER) between Syariah stock and non Syariah stock of non financial companies in the Jakarta Stock Exchange(JSX). Sampling method used purposive random sampling with category of companies whose always shows complete financial reports on 2003 until 2005. The number of samples acquared by those categories was 33 company stocks of non syariah stock in Jakarta Stock Exchange(JSX) and 10 company stocks of syariah stocks in Jakarta Islamic Index (JII). The data was analyzed using Regression model & Chow Test. The results showed that there were different factors that influenced price earnings ratio between syariah stocks and non syariah stock.