Measurement of Share Performance on Listed Companies in the Sri Kehati Index

Abstract

The Sri Kehati index includes companies that have good sustainability performance. Companies that apply the concept of sustainability as a whole tend to positively influence company profitability and performance. In addition, an investor must evaluate the investment to be made. With regard to investment decisions, currently investors often use a combination of financial and social criteria known as Socially Responsible Investment (SRI). The purpose of this study is to measure the stock performance of companies that are consistently listed on the Sri Kehati Index for the 2020-2022 period. This study uses a quantitative approach with the type of data used secondary data. The population in this study are all companies listed in the Sri Kehati Index. This study uses a purposive sampling technique by taking a sample of companies that are consistently listed in the Sri Kehati Index for the 2020-2022 period. The results showed that there was an average Sharpe Index calculation result that was negative for 8 Sri Kehati Issuers and an average Sharpe Index calculation result that was positive for 8 Sri Kehati Issuers. The stock performance of 16 companies that have consistently been listed on the Sri Kehati Index for the 2020-2022 period has not all provided good stock performance. It can be interpreted that the joining of the 16 Issuers in the Sri Kehati Index does not determine and has no influence on the Company's Share Performance This study uses a purposive sampling technique by taking a sample of companies that are consistently listed in the Sri Kehati Index for the 2020-2022 period. The results showed that there was an average Sharpe Index calculation result that was negative for 8 Sri Kehati Issuers and an average Sharpe Index calculation result that was positive for 8 Sri Kehati Issuers. The stock performance of 16 companies that have consistently been listed on the Sri Kehati Index for the 2020-2022 period has not all provided good stock performance. It can be interpreted that the joining of the 16 Issuers in the Sri Kehati Index does not determine and has no influence on the Company's Share Performance This study uses a purposive sampling technique by taking a sample of companies that are consistently listed in the Sri Kehati Index for the 2020-2022 period. The results showed that there was an average Sharpe Index calculation result that was negative for 8 Sri Kehati Issuers and an average Sharpe Index calculation result that was positive for 8 Sri Kehati Issuers. The stock performance of 16 companies that have consistently been listed on the Sri Kehati Index for the 2020-2022 period has not all provided good stock performance. It can be interpreted that the joining of the 16 Issuers in the Sri Kehati Index does not determine and has no influence on the Company's Share Performance The results showed that there was an average Sharpe Index calculation result that was negative for 8 Sri Kehati Issuers and an average Sharpe Index calculation result that was positive for 8 Sri Kehati Issuers. The stock performance of 16 companies that have consistently been listed on the Sri Kehati Index for the 2020-2022 period has not all provided good stock performance. It can be interpreted that the joining of the 16 Issuers in the Sri Kehati Index does not determine and has no influence on the Company's Share Performance The results showed that there was an average Sharpe Index calculation result that was negative for 8 Sri Kehati Issuers and an average Sharpe Index calculation result that was positive for 8 Sri Kehati Issuers. The stock performance of 16 companies that have consistently been listed on the Sri Kehati Index for the 2020-2022 period has not all provided good stock performance. It can be interpreted that the joining of the 16 Issuers in the Sri Kehati Index does not determine and has no influence on the Company's Share Performance