OPTIMALISASI SHARI’A COMPLIANT ASSET PRICING MODEL TERHADAP RATE OF RETURN PADA JAKARTA ISLAMIC INDEX

OPTIMALISASI SHARI’A COMPLIANT ASSET PRICING MODEL TERHADAP RATE OF RETURN PADA JAKARTA ISLAMIC INDEX

This study aimed to compare the three models SCAPM, namely SCAPM without risk free, SCAPM inflation and SCAPM zakat to know which model is more optimal use. The method used is the analysis of explanatory power and linear regression. The data used is secondary data, the inflation data, zakat, sharia...

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Main Author: Kharisya Ayu Effendi
Format: Article
Language:English
Published: Universitas Tarumanagara 2017-02-01
Series:Jurnal Manajemen
Online Access:http://www.ecojoin.org/index.php/EJM/article/view/13
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spelling doaj-bf864c9078c64130865b56cdd1d6ee4e2020-11-24T21:08:43ZengUniversitas TarumanagaraJurnal Manajemen1410-35832549-87972017-02-0120310.24912/jm.v20i3.1313OPTIMALISASI SHARI’A COMPLIANT ASSET PRICING MODEL TERHADAP RATE OF RETURN PADA JAKARTA ISLAMIC INDEXKharisya Ayu EffendiThis study aimed to compare the three models SCAPM, namely SCAPM without risk free, SCAPM inflation and SCAPM zakat to know which model is more optimal use. The method used is the analysis of explanatory power and linear regression. The data used is secondary data, the inflation data, zakat, sharia shares incorporated in Jakarta Islamic Index (JII) from 2011 to 2015.The results are based on the analysis of explanatory power, SCAPM inflation is more optimal than SCAPM zakat and SCAPM without risk free. The results are supported by the results of the analysis graph illustrating SCAPM inflation has a higher volatility than other SCAPM, it indicates that the more profitable inflation SCAPM models are accompanied by greater risks, in accordance with the principles of the classical high risk high return.http://www.ecojoin.org/index.php/EJM/article/view/13
collection DOAJ
language English
format Article
sources DOAJ
author Kharisya Ayu Effendi
spellingShingle Kharisya Ayu Effendi
OPTIMALISASI SHARI’A COMPLIANT ASSET PRICING MODEL TERHADAP RATE OF RETURN PADA JAKARTA ISLAMIC INDEX
Jurnal Manajemen
author_facet Kharisya Ayu Effendi
author_sort Kharisya Ayu Effendi
title OPTIMALISASI SHARI’A COMPLIANT ASSET PRICING MODEL TERHADAP RATE OF RETURN PADA JAKARTA ISLAMIC INDEX
title_short OPTIMALISASI SHARI’A COMPLIANT ASSET PRICING MODEL TERHADAP RATE OF RETURN PADA JAKARTA ISLAMIC INDEX
title_full OPTIMALISASI SHARI’A COMPLIANT ASSET PRICING MODEL TERHADAP RATE OF RETURN PADA JAKARTA ISLAMIC INDEX
title_fullStr OPTIMALISASI SHARI’A COMPLIANT ASSET PRICING MODEL TERHADAP RATE OF RETURN PADA JAKARTA ISLAMIC INDEX
title_full_unstemmed OPTIMALISASI SHARI’A COMPLIANT ASSET PRICING MODEL TERHADAP RATE OF RETURN PADA JAKARTA ISLAMIC INDEX
title_sort optimalisasi shari’a compliant asset pricing model terhadap rate of return pada jakarta islamic index
publisher Universitas Tarumanagara
series Jurnal Manajemen
issn 1410-3583
2549-8797
publishDate 2017-02-01
description This study aimed to compare the three models SCAPM, namely SCAPM without risk free, SCAPM inflation and SCAPM zakat to know which model is more optimal use. The method used is the analysis of explanatory power and linear regression. The data used is secondary data, the inflation data, zakat, sharia shares incorporated in Jakarta Islamic Index (JII) from 2011 to 2015.The results are based on the analysis of explanatory power, SCAPM inflation is more optimal than SCAPM zakat and SCAPM without risk free. The results are supported by the results of the analysis graph illustrating SCAPM inflation has a higher volatility than other SCAPM, it indicates that the more profitable inflation SCAPM models are accompanied by greater risks, in accordance with the principles of the classical high risk high return.
url http://www.ecojoin.org/index.php/EJM/article/view/13
work_keys_str_mv AT kharisyaayueffendi optimalisasishariacompliantassetpricingmodelterhadaprateofreturnpadajakartaislamicindex
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