Pengaruh ROA dan EPS Terhadap Harga Saham Sektor Consumer Non-Cyclical ISSI Tahun 2023: Perspektif Keseimbangan Umum
DOI:
https://doi.org/10.63822/snykyj37Keywords:
ROA, EPS, Harga Saham, Consumer Non-Cyclical, Indeks Saham Syariah Indonesia, Keseimbangan UmumAbstract
The objective of this study is to evaluate how Return on Assets (ROA) and Earnings Per Share (EPS) affect the share value of the Indonesia Shariah Stock Index (ISSI) non-cyclical consumer sector in 2023, using general equilibrium methodology. This sector was chosen due to its resilience to economic fluctuations and significant contribution to the Islamic capital market. This study uses an explanatory quantitative approach utilising financial statement data from the companies, with analysis conducted through multiple linear regression. The results show a significantly positive impact of EPS on share price, while ROA has an adverse impact, highlighting that investors prioritise earnings per share over asset utilisation. The general equilibrium viewpoint illustrates how the interaction of key factors drives stability in the Islamic stock market, providing suggestions for investors and policy makers in advancing the Islamic capital market.
Downloads
References
Aditya Mardiastuti. “Pengertian Fundamental Adalah: Makna Beserta Contoh.” Detikjabar, 2022.
Ainun Nurul Sya’diah. “Teori Keseimbangan Umum Dalam Ekonomi Islam.” Jurnal Ilmu Akuntansi Dan Bisnis Syariah Vol 3 No 02 (2021): 61–62.
Anisa Nur Fadila. “Apa Saja Faktor – Faktor Yang Mempengaruhi Harga Saham?” Jurnal Ilmiah Ekonomi Dan Bisnis Vol.15, No.2 (2022): 284.
Cita Najma Zenitha. “6 Indikator Analisis Fundamental Saham Acuan Investasi Jangka Panjang,” 2024.
Dini Selasi. “Prospek Yang Sangat Menjanjikan Pasar Modal Dan Investasi Berbasis Syariah.” Jurnal Ekonomi Dan Keuangan Islam Vol 3 No 1 (2025): 1.
Fina Sandiawati. “Pengaruh Npm, Roa, Der Dan Eps Terhadap Harga Saham Pada Perusahaan Sub Sektor Makanan Dan Minuman Yang Terdaftar Pada Indeks Saham Syariah Indonesia (Issi) Periode 2018 – 2021.” Ecobisma Vol.2 No.2 (2023).
Imeldalius, Imeldalius, et al. Analisis Penetapan Hukum Islam Terhadap Perkembangan Cryptocurrency Melalui Pendekatan Saddu Dzari’ ah. Jurnal Ilmiah Ekonomi Islam, 2024, 10.3: 2524-2531.
Iswandi Sukartaatmadja. “Faktor-Faktor Yang Mempengaruhi Harga Saham Perusahaan.” Jurnal Ilmiah Manajemen Kesatuan Vol. 11 No. 1 (2023): 23.
Marshall Hargave. “Rasio Return On Assets (Roa): Rumus Dan Definisi Roa Yang ‘Baik,’” 2025.
Mekari Klik Pajak. “Pengertian Roa (Return On Asset) Beserta Rumus Dan Contohnya,” 2025.
Muhamad Ilham. “Pengaruh Earning Per Share (Eps) Dan Ukuran Perusahaan Terhadap Return Saham Pada Perusahaan Sektor Consumer Non Cyclical Yang Terdaftar Di Bursa Efek Indonesia Periode 2017-2021,” 2022.
Pemy Christiaan. “Analisis Return On Investment, Earning Per Share Dan Devidend Per Share Untuk Menilai Kinerja Keuangan Perusahaan Sub Sektor Kosmetik Di Bursa Efek Indonesia.” Akmen Vol 17 No 3 (2020): 493.
Suryadi. Model Keseimbangan Umum Perekonomian Indonesia. Delta Pijar Khatulistiwa, 2019.
Tyas, Handayani. “Pengaruh Intellectual Capital, Environmental Performance, Green Innovation, Dan Financial Flexibility Terhadap Sustainable Growth.” Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 6 No 7 (2024): 5906.
Yolanda Margaretta Sijabat. “Pengaruh Green Tax Dan Operating Leverage Terhadap Kinerja Perusahaan Pada Perusahaan Bei Sektor Consumer Non-Cyclicals Tahun 2021-2023.” Journal Of Social Science Research Vol 4 (2024): 2.
Ulum, K. M., Fuad, A. Z., Khairunnisa, M., Mawadah, A. R., & Pratama, M. R. A. (2024). Tipologi Multiakad Dalam Fatwa Ekonomi Digital Dewan Syariah Nasional Majelis Ulama Indonesia. Adzkiya: Jurnal Hukum dan Ekonomi Syariah, 12(2), 61-84.
Ulum, K. M., Khairunnisa, M., Suganda, R., Nimah, R., & Makraja, F. (2024). Indonesia Sustainable Funding: Comparative of Standar Screening Securities Crowdfunding and Capital Markets. International Journal of Islamic Finance, 2(1), 1-18.
Ulum, K. M., & Ulum, M. K. (2023). Screening Standards in Sharia Capital Market Investor Legal Protection. El-Mashlahah, 13(1), 77-91.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Keysya Muyasaroh Khasanah, Rara Presila, Suci Hayati (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
