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Pengaruh Pendapatan Non-Halal dan Utang Berbasis Bunga terhadap Nilai Emiten Syariah pada Sektor Energi

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Goal: This study examines the influence of non-halal income and interest-based
debt on the value of sharia-compliant issuers within the energy sector.
Method: This research uses a panel data approach from 2018 to 2022, and
analyzing 15 energy companies with annual data, the research aims to uncover
the effects of these financial variables on the Price to Book Value (PBV) ratio.
Fact/Finding: The findings reveal that non-halal income (PNH) does not
significantly impact PBV, with a significance value of 0.4684, indicating that
PNH does not contribute meaningfully to determining company value. Interestbased debt (UBB) significantly affects PBV at the 10% level, though its impact is
negative, implying that higher UBB corresponds to lower PBV. Additionally, the
interaction between non-halal income and interest-based debt significantly affects
PBV. The negative impact suggests that a high combination of PNH and UBB can
reduce company value. On the other hand, Return on Assets (ROA) and Return on
Equity (ROE) show significant positive effects on PBV. This indicates that higher
ROA and ROE are associated with higher PBV. Earnings Per Share (EPS) also
has a significant positive impact on PBV, suggesting that increased EPS leads to
higher PBV.

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Availability

Detail Information

Series Title

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Call Number

REF 332.6 BUD p

Publisher

Bogor : IAI Tazkia., 2024

Collation

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Language

Indonesia

ISBN/ISSN

NIM.2310405019

Classification

332.6

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

Return On Assets
Return On Equity
Non-halal Income
Interest-based Debt
Price to Book Value
Saria-compliant Issuer
Sharia-compliant Issuers
Energy Sector
Earnings Per Share

Specific Detail Info

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Statement of Responsibility

Rachmat Budiono

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