Pengaruh Volume Perdagangan, Laba Akuntansi dan Profitabilitas Terhadap Return Saham Syariah Dimoderasi Pengungkapan ISR

Abstract

The level of profit obtained by investors on a stock investment that they do is known through stock returns. A stock return can be influenced by several factors, one of which is the trading volume of its shares, the level of profit that can be known through the company's performance by analyzing accounting profits and the level of Return on Equity (ROE). In addition to this, the disclosure of Islamic Social Reporting (ISR) activities can have an impact on the company in the future. The populations in this research are companies listed in Jakarta Islamic Index (JII) in period of 2016-2019. The sampling technique was carried out using purposive sampling method and based on the criteria that had been carried out, the number of samples obtained was 12 samples of companies. Testing the research hypothesis used multiple linear regression analysis techniques and Moderating Regression Analysis (MRA) with the help of SPSS 21 software. The results of this study indicate that the variables (1) trading volume has an effect and significant on sharia stock returns (2) accounting profit has no and no significant effect on sharia stock returns (3) Profitability proxied by Return on Equity (ROE) has no and no significant effect on sharia stock returns (4) ISR disclosure is not able to moderate the effect of trading volume, accounting profit and profitability on sharia stock returns.