Impact of oil prices and stock returns: evidence of oil and gas mining companies in Indonesia during the Covid-19 period

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...

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Veröffentlicht in:International journal of energy economics and policy 2021, Vol.11 (6), p.471-478
Hauptverfasser: Supriyanto, Supriyanto, Alexandri, Mohammad Benny, Kostini, Nenden, Dai, Ratna Meisa
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Sprache:eng
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Zusammenfassung: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.
ISSN:2146-4553
2146-4553
DOI:10.32479/ijeep.11832