Distribution and Improvement of the Capital Market in Indonesia: A Comparative Study of Risk Management

AWALUDDIN Murtiadi (Alauddin State Islamic University,)
DM Rustan (Nobel Institute of Technology and Business Indonesia)
HASBIAH HASBIAH (Sharia Economics, Faculty of Sharia and Da'wah IAIN Sorong)
RAHMAN Muhammad Akil (Alauddin State Islamic University)
AWALUDDIN Sri Prilmayanti (Nobel Institute of Technology and Business Indonesia)
BAHRA Nadya Yuni (Alauddin State Islamic University)

AWALUDDIN, M. , DM, R. , HASBIAH, H. , RAHMAN, M. A. , AWALUDDIN, S. P. , & BAHRA, N. Y. (2023). Distribution and Improvement of the Capital Market in Indonesia: A Comparative Study of Risk Management. , 21(5), 11-18, https://doi.org/10.15722/jds.21.05.202305.11

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Abstract

Purpose: The purpose of this article is to determine whether there are differences in the level of return and risk of the conventional and Islamic capital markets. Research design, data and methodology: This study takes data on the Jakarta Islamic Index (JII) and the Liquid-45 (LQ45) stock groups in the 2017 to 2020 period. The research approach used is quantitative research with a type of comparison. The data used secondary data sourced from the closing price of shares on the Indonesia Stock Exchange. The statistical method used to test the hypothesis is a different test or independent sample t-test. Results: There is a significant difference between the rate of return and investment risk in JII and LQ-45. The rate of return and risk of investing in LQ-45 is higher than that of JII. Conclusions: There is a significant difference in the rate of return on investment in Jakarta Islamic Index (JII) and LQ-45, including conventional stock Liquid-45 (LQ-45) is higher than the rate of return on shares of JII shares. There is a significant difference in the level of investment risk in the Jakarta Islamic Index (JII) and the Liquid-45 (LQ-45), where the risk level for the LQ-45 is higher than that of the JII shares.

keywords: Distribution, JII Shares, LQ-45 Shares, Risk Management

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Article Contents

Vol.21 No.5

Distribution and Improvement of the Capital Market in Indonesia: A Comparative Study of Risk Management

Abstract

Reference

The Journal of Distribution Science