DETERMINAN KINERJA KEUANGAN PERUSAHAAN SEKTOR PROPERTI & REAL ESTATE PADA INDEKS SAHAM SYARIAH INDONESIA

Abstract

This research aims to identify and analyze factors that influence the financial performance of companies operating in the property and real estate sectors listed in the Indonesian Sharia Stock Index. Specifically, this research evaluates the influence of internal company factors, such as leverage, profitability, and operational efficiency. Apart from that, this research also analyzes the impact of compliance with sharia principles. This research uses quantitative research, the data source used in this research is secondary data in the form of annual and quarterly financial reports. The analysis technique used is panel data regression, with the Chow test and Hausman test showing that the best model results are the fixed effect model. The results of the research show that return on assets (ROA) with a probability value of 0.0308 partially has a significant effect on share prices, earnings per share (EPS) with a probability value of 0.0081 partially has a significant effect on share prices, but the debt to equity ratio (DER) with a value of probability 0.5249 partially has no significant effect on stock prices. Simultaneously, with a probability F value of 0.000000, return on assets (ROA), earnings per share (EPS), debt to equity ratio (DER) together have a significant effect on share prices in property and real estate companies.