ARTICLE
TITLE

The Effect Of Inflation And Debt To Equity Ratio (Der) On Sharia Return Stock Registered In Jakarta Islamic Index

SUMMARY

This research aims to analyze the influence of Inflation and Company Fundamental Ratio that will be represented by Debt To Equity Ratio (DER) to return Sharia shares. Data are obtained from IDX Monthly Statistic and official website of Bank Indonesia period of January 2015-December 2017. The technique of statistical analysis used is multiple linear regression analysis to obtain a comprehensive illustration of the relationship between r variables. The result shows that the Inflation and Debt to Equity Ratio (DER) variables do not have an effect on Sharia stock return either partially or simultaneously. The calculation results show that the effect of DER on stock return is -0.335 and Inflation influence to return of 0.137 and simultaneous influence of 0.1% so that 99% of stock return is influenced by other factors. These results indicate that Inflation and Debt to Equity Ratio (DER) cannot be used as a reference in determining investors’ investment strategies in investing in the capital market.

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