دورية أكاديمية
Stock Performance Comparison between Green Innovation Sharia Companies and Green Innovation Non-Sharia Companies: Evidence from Indonesia Stock Exchange
| العنوان: | Stock Performance Comparison between Green Innovation Sharia Companies and Green Innovation Non-Sharia Companies: Evidence from Indonesia Stock Exchange |
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| المؤلفون: | Nurhayadi Yadi, Wijiharjono N., Al-Azizah Ummu S., Johl Satirenjit K., Shamim A., Kaur Shireenjit |
| المصدر: | SHS Web of Conferences, Vol 124, p 05004 (2021) |
| بيانات النشر: | EDP Sciences, 2021. |
| سنة النشر: | 2021 |
| المجموعة: | LCC:Social Sciences |
| مصطلحات موضوعية: | sharia companies, non-sharia companies, green innovation technology, bivariate and multivariate analysis, Social Sciences |
| الوصف: | This Research is about comparison between sharia companies and non-sharia companies in the stock market. Several previous studies have shown that in the stock market, the stock performance of sharia companies is better to that of non-sharia companies. Then this research increases the qualification of the companies to become companies that have implemented green innovation technology. This qualification is applied to companies listed in the Sri-Kehati index on the Indonesia Stock Exchange. Through bivariate and multivariate analysis, the results showed that the stock performance of non-sharia companies was better than those of sharia companies. Bivariate analysis show that the positive gradient of non-sharia trendline (168.37) is bigger than sharia trendline (11.633). The coefficient of determination between non-sharia stocks and Sri-Kehati index (86.41%) is bigger than between sharia stocks and Sri-Kehati index (26.46%). Multivariate analysis obtained a multiple linear regression equation of 1 2 yˆ =117.187 + 0.0081x1 + 0.014397 x2. This equation shows that the variable coefficient of the value of sharia stocks is smaller than the coefficient of the variable value of non-sharia stocks. These facts are based on research on Sri-Kehati index data from 2016 to 2019. The results of this study indicate that investors prefer to invest in shares in non-sharia companies than in sharia companies. The results also indicate that increasing the qualifications of a sharia company to become a company that applies green innovation technology will not necessarily increase its share value. Is upgrading the qualification of a sharia company to a sharia company that applies green innovation technology a mistake? Meanwhile, Indonesia is a country with the largest Muslim population in the world. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English French |
| تدمد: | 2261-2424 |
| العلاقة: | https://www.shs-conferences.org/articles/shsconf/pdf/2021/35/shsconf_icmesh2020_05004.pdfTest; https://doaj.org/toc/2261-2424Test |
| DOI: | 10.1051/shsconf/202112405004 |
| الوصول الحر: | https://doaj.org/article/5d712443c25c44f4ae8242cde2464292Test |
| رقم الانضمام: | edsdoj.5d712443c25c44f4ae8242cde2464292 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 22612424 |
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| DOI: | 10.1051/shsconf/202112405004 |