Oil Price and Stock Return: Evidence of Mining Companies in Indonesia

Authors

Abstract

This research aims to analyze the determinants of stock return disclosure of mining sector companies listed on the Indonesia Stock Exchange in 2014-2018. The research adopted the Eviews program in data processing and Random effect regression model was chosen to test the relationship between internal and external indicators as independent variables include Return On Asset (ROA), Debt to Equity Ratio (DER), Total Asset Turnover (TATO), Oil Price and Exchange Rate. The result shows that Return on Assets and Debt to Equity Ratio have no effect on stock return. Total Asset Turnover and Exchange Rate have negative and significant effect on stock return, while Oil price have positif and significant effect on stock return.Keywords: Stock Return, Return on Assets, Debt to Equity Ratio, Total Asset Turnover, Oil Price, Exchange Rate.JEL Classifications: E22, E44, G11DOI: https://doi.org/10.32479/ijeep.10608

Downloads

Download data is not yet available.

Author Biographies

Endri Endri, Universitas Mercu Buana, Jakarta, Indonesia

Magister  Manajemen

Muhamad Rinaldi, Universitas Mercu Buana

Magister Management

Downloads

Published

2021-02-01

How to Cite

Endri, E., Rinaldi, M., Arifian, D., Saing, B., & Aminudin, A. (2021). Oil Price and Stock Return: Evidence of Mining Companies in Indonesia. International Journal of Energy Economics and Policy, 11(2), 110–114. Retrieved from https://mail.econjournals.com/index.php/ijeep/article/view/10608

Issue

Vol. 11 No. 2 (2021)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.