Analisis Perbandingan Kinerja Reksa Dana Saham Syariah dan Konvensional Periode 2012-2015

nazwirman nazwirman

Abstract


Penelitian ini bertujuan untuk menganalisis kinerja reksadana saham syariah dan konvensional. Metode yang digunakan yaitu indeks Sharpe, Treynor, Jensen, appraisal ratio, M2 measure, dan T2 measure selama periode Januari 2012 sampai dengan Desember 2015. Sample untuk Rekasadana konvensional sebanyak 25 emiten dan reksadana syariah sebanyak 7 sampel. Hasil penelitian kinerja reksadan saham syariah secara rata-rata lebih baik dibandingkan dengan konvensional,  hanya saja berdasarkan pengujian dua sampel perbandingan tidak terdapat perbedaan yang berarti antara kinerja reksadana saham  konvensional dan syariah.


Keywords


Reksadana; Konvensional;syariah;kinerja

References


Al-Khazali, O., Lean, H. H., dan Samet, A. 2014. Do Islamic stock indices outperform conventional Stock indices? A stochastic dominance approach. Pacific-Basin Finance Journal, 28, 29-46

Bodie, Kane, Marcus. 2003. Investments, Fifth Edition. The Mc-Graw-Hill Companies, Inc. USA.

----------. (2009. Investments, Eighth Edition. McGraw-Hill: Singapore.

----------. 2011) Investments and Portfolio Management, Ninth Edition. McGraw-Hill: Singapore.

Desiana, Lidia dan Isnurhadi. 2012. Perbandingan Kinerja Reksa Dana Saham Konvensional dengan Reksa Dana Saham Syariah di Bursa Efek Indonesia. Jurnal Manajemen & Bisnis Sriwijaya. Vol. 10, No.19

Dewi, Miranti Kartika dan Ilham Reza Ferdian. 2012. Evaluating Performance of Islamic Mutual Funds in Indonesia and Malaysia, Journal of Applied Economics and Business Research JAEBR, 2(1): 11-33 (2012)

Elfakhani, Said dan M. Kabir Hassan. 2005. Performance of Islamic Mutual Funds. 12th ERF Conference Paper.

El Gamal, M.A. 2000. A Basic Guide to Contemporary Islamic Banking and Finance. Rice University.

Evans, Charles W. 2015. Bitcoin in Islamic Banking and Finance. Journal of Islamic Banking and Finance. Vol. 3, No. 1, pp. 1-11 DOI: 10.15640/jibf.v3n1a1URL: http://dx.doi.org/10.15640/jibf.v3n1a1

Farkoosh, Parviz Dindar, Bahloul Dindar Farkoosh, Javad Naseri. 2012. The effect net assets value in purchasing the shares of investment companies, IOSR Journal Of Humanities And Social Science (JHSS)ISSN: 2279-0837, ISBN: 2279-0845. Volume 5, Issue 2 (Nov. - Dec. 2012), PP 17-20

Habib, M., dan Islam, K. 2014. Performance of shari’ah compliant index: A Comparative Study of India and Malaysia. International Journal of Interdisciplinary and Multidisiplinary Studies (IJIMS), 1(6), 231-241.

Hartono, A.F, Soekarno, Damayanti. 2014 Islamic and Conventional Equity Fund Rating Performance withalReturn, Sharpe, Modified Snail Trail, and Morningstar Rating Groundwork, Journal of Economics, Business and Management, Vol. 2, No. 1, February 2014

Huda, Nurul dan Mustafa Edwin Nasution. 2014. Investasi Pada Pasar Modal Syariah. Edisi Revisi, cetakan ke-3. Jakarta: Kencana.

Jawadi, F., Jawadi, N., dan Louhichi, W. 2014. Conventional and Islamic stock price performance: an empirical investigation. International Economics, 137, 73-87.

Pratomo, Eko Priyo dan Ubaidillah Nugraha. 2009. Reksa Dana: Solusi Perencanaan Investasi di Era Modern, edisi revisi ke-2. Jakarta: Gramedia Pustaka Utama.

Priyadarshini dan Chandra Babu .2012). A Comparative Analysis for forecasting the NAV’s of Indian Mutual Fund using Multiple Regression Analysis and Artificial Neural Networks, International Journal of Trade, Economics and Finance, Vol. 3, No. 5, October 2012

Putra, Jepryansyah dan Syarief Fauzie. 2014. Analisis Perbandingan Kinerja Reksa Dana Konvensional Dengan Reksa Dana Syariah Di Indonesia, Jurnal Ekonomi dan Keuangan Vol. 2 No.5

Ratnawati, Vince dan Ningrum Khairani. 2012. Perbandingan Kinerja Reksa Dana Syariah dan Reksa Dana Konvensional. Jurnal Akuntansi, Vol. 1, No. 1, Oktober 2012: 96-113

Ross, Stephen A., Randolph W. Westerfield, dan Jeffrey Jaffe. 2003. Corporate Finance. McGraw-Hill/Irwin, Sixth Edition, USA.

----------. 2010. Corporate Finance. McGraw-Hill/Irwin, Ninth Edition, USA

Sunarsih, Uun dan Adriyanto. 2014. Analysis of the Performance of Islamic Mutual Funds in Indonesia by using Sharpe, Treynor and Jensen the Period 2010-2012, Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol.6, No.3, 2015

Sutawisena, A.A.N. 2011. Analisis Pola Kinerja Reksa Dana Saham, Reksa Dana Pendapatan Tetap dan Reksa Dana Campuran di Indonesia Selama Periode 2005-2010. Tesis Fakultas Ekonomi, Program Studi Magister Manajemen Universitas Indonesia, Jakarta.

http://www.ojk.go.id/sharia-capital-id (diakses pada tanggal 11 April 2016 jam 09.20 WIB)

http://www.ojk.go.id/ (diakses pada tanggal 7 April 2016 jam 08.35 WIB)

http://www.idx.co.id/ (diakses pada tanggal 7 April 2016 jam 10.15 WIB)

http://www.bi.go.id/ (diakses pada tanggal 7 April 2016 jam 09.40 WIB)

http://www.bloomberg.com/apps/data%3Fpid%3Dfundscreener (diakses pada tanggal 6 April 2016 jam 13.10 WIB)

http://www.infovesta.com/ (diakses pada tanggal 5 April 2016 jam 14.50 WIB)

http://aria.bapepam.go.id/reksadana/ (diakses pada tanggal 6 April 2016 jam 08.30 WIB)

http://pusatdata.kontan.co.id/ (diakses pada tanggal 15 April 2016 jam 10.45 WIB)

http://www.portalreksadana.com/ (diakses pada tanggal 6 April 2016 jam 10.10 WIB)

http://reksadana.danareksaonline.com/edukasi/memahami-reksa-dana.aspx

(diakses pada tanggal 6 April 2016 jam 11.10 WIB)

http://keuangansyariah.mysharing.co/apa-itu-reksa-dana-etf-syariah/, (Diakses 11 April 2016 jam 13 WIB).




DOI: http://dx.doi.org/10.21043/iqtishadia.v10i2.2242

Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 IQTISHADIA Jurnal Kajian Ekonomi dan Bisnis Islam

Iqtishadia Journal Indexed by :

http://journal.stainkudus.ac.id/indexing/crossref.jpghttp://journal.stainkudus.ac.id/indexing/moraref.jpghttp://journal.stainkudus.ac.id/indexing/ipi.jpghttp://journal.stainkudus.ac.id/indexing/academiaedu.jpghttp://journal.stainkudus.ac.id/indexing/googlescholar.jpghttp://journal.stainkudus.ac.id/indexing/sinta.jpghttp://journal.stainkudus.ac.id/indexing/issuu.jpghttp://journal.stainkudus.ac.id/indexing/cosmos.jpghttp://journal.stainkudus.ac.id/indexing/isjd.jpghttp://journal.stainkudus.ac.id/indexing/journalfactor.jpghttp://journal.stainkudus.ac.id/indexing/jifactor.jpghttp://journal.stainkudus.ac.id/indexing/journaltocs.jpghttp://journal.stainkudus.ac.id/indexing/scholarsteer.jpghttp://journal.stainkudus.ac.id/indexing/academiakeys.jpg

Creative Commons License
Iqtishadia : Jurnal Kajian Ekonomi dan Bisnis Islam is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

View My Stats