Impact of Oil Prices and Stock Returns: Evidence of Oil and Gas Mining Companies in Indonesia During the Covid-19 Period

Authors

  • Supriyanto Supriyanto Department of Business Administration, Faculty of Social and Political Science, Padjadjaran University, Indonesia http://orcid.org/0000-0003-4687-016X
  • Mohammad Benny Alexandri Department of Business Administration, Faculty of Social and Political Science, Padjadjaran University, Indonesia http://orcid.org/0000-0003-2032-6238
  • Nenden Kostini Department of Business Administration, Faculty of Social and Political Science, Padjadjaran University, Indonesia
  • Ratna Meisa Dai Department of Business Administration, Faculty of Social and Political Science, Padjadjaran University, Indonesia

Abstract

This study points to analyze the determinants of stock return revelation in oil and gas mining division companies recorded on the Indonesia Stock Trade-in 2019-2021 amid the Covid 19 emergency. The think about utilized the Eviews Program as information preparing and the irregular impact relapse show was chosen to look at the relationship between outside and inside markers as autonomous factors counting Current Ratio (CR), debt to equity ratio (DER), total asset turnover (TATO), return on assets (ROA), oil price (WTI), an exchange rate (FOREX), institutional ownership (IO). The comes about appeared that the current proportion, obligation to value ratio and add up to resource turnover did not influence stock returns. Return on resources, exchange rates, and institutional ownership have a negative and significant impact on stock returns, while oil prices have a positive and widespread effect on stock returns.

Keywords: Oil Price, Stock Return, Probability, Institutional Ownership, Covid-19

JEL Classifications: E22, E44, G11, O42, Q47

DOI: https://doi.org/10.32479/ijeep.11832

Downloads

Download data is not yet available.

Downloads

Published

2021-11-03

How to Cite

Supriyanto, S., Alexandri, M. B., Kostini, N., & Dai, R. M. (2021). Impact of Oil Prices and Stock Returns: Evidence of Oil and Gas Mining Companies in Indonesia During the Covid-19 Period. International Journal of Energy Economics and Policy, 11(6), 471–478. Retrieved from http://econjournals.com/index.php/ijeep/article/view/11832

Issue

Section

Articles