Efisiensi Emiten Properti dan Real estate yang Terdaftar di Indeks Saham Syariah Indonesia Tahun 2016-2020

Shafin: Sharia Finance and Accounting Journal Pub Date : 2021-09-14 DOI:10.19105/sfj.v1i2.4747

Indah Fresma Sari, Jaenal Effendi

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引用次数: 1

Abstract

This study aims to analyze the efficiency of property and real estate issuers listed in the Indonesia Sharia Stock Index (ISSI) during 2016-2020 period and the factors that influence it. In the first stage, the researcher analyzes the efficiency value of property and real estate issuers using Data Envelopment Analysis (DEA) method. In the second stage, the researcher analyzes the factors that influence the efficiency value of property and real estate issuers by using tobit regression. There are 16 issuers used in this study. The results showed that none of the issuers consistently achieved the perfect technical efficiency score (the efficiency score is equal to 1) during the study period. The same thing happened to the pure technical efficiency analysis and the efficiency scale results. The results of the tobit model regression showed that the Return on Assets (ROA) has significant positive effect and the exchange rate (LNKURS) has significant negative effect on the efficiency value of property and real estate issuers. Meanwhile, the Debt to Asset Ratio (DAR), company size (LNSIZE), and interest rate (BIRATE) do not have significant effect on the efficiency of property and real estate issuers.

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本研究旨在分析2016-2020年期间印度尼西亚伊斯兰教法股票指数(ISSI)中房地产和房地产发行人的效率及其影响因素。在第一阶段，研究者使用数据包络分析(DEA)方法对房地产和房地产发行人的效率价值进行了分析。第二阶段，运用tobit回归分析了影响房地产和房地产发行人效率价值的因素。本研究共使用了16个发行人。结果表明，在研究期间，没有一家上市公司始终达到完美的技术效率得分(效率得分为1)。同样的事情也发生在纯技术效率分析和效率量表结果上。tobit模型回归结果显示，资产收益率(ROA)对房地产和房地产发行人的效率值有显著的正向影响，汇率(LNKURS)对房地产和房地产发行人的效率值有显著的负向影响。同时，资产负债率(DAR)、公司规模(LNSIZE)和利率(BIRATE)对房地产发行人的效率没有显著影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Shafin: Sharia Finance and Accounting Journal

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