Title : Environmental Performance Encourages Return Investment In Consumption Companies: Case Islamic Stock Indonesia (2016-2020)

Authors :
1. Ihda Fransiska Khoirotun Nisa
2. Sylva Alif Rusmita
3. Erina Sudaryati

Department : Islamic Economics

Journal Name : JEBIS: Journal of Islamic Economics and Business

Types of Journal : S1 or S2 accredited

ABSTRACT

As Khalifah (Leader), Human Beingsare Supposed Toguard The Earth. In this modern era, one way to do it can be by supporting the compans that maintain theirrenvironmental performance.as Muslims invest in Islamic indexes, they can take care of the earth at the same time. Companieslisted in the Islamicindex. The dependent variables are stock return, and the independent are market value added (MVA), proper value, and return on equity (ROE). The sample of this study is a consumption company registered with the Indonesia Islamicstock Index (ISSI) from 2016to 2020. There are 90 Observation Data in this Study. Using the multiple regression analysis techniques, this study confirming there is a significant positive effect of the proper and roe on stock returns.at the same time, the mav has no significant positive effect on stock returns. Many other variablesould be investigated further regarding their effect on stock return in consumer goodscompanies, such as NPM, Roa, and Der. Investorsmay Consider Index Proper as the Benchmark for Investment in Islamic Stock. There is a high potential return based on environmental performance.if the company's proper value is good, then there is also an indication of a high investment return.

For details : https://e-journal.unair.ac.id/JEBIS/article/view/31277