Abstract

This study aims to analyze the determinants of the influence of oil price volatility and price limits on Energy sub-sector companies listed on the Indonesia Stock Exchange in 2018-2021 before and after Covid-19. This study uses the Eviews 10 program as information preparation and the results of irregular influence are selected to see the relationship between the dependent and independent variables which calculates oil price volatility (WTI), price limit (PL), return on assets (ROA), earnings per share (EPS) , and exchange rate (FOREX). The result is that the current proportion, the ratio of Return on Resources (ROA), and Trade Rate (FOREX) do not affect stock returns. Price limit (PL), Earning Per Share (EPS), and World Oil Cost (WTI) affect the return of shares of energy sub-sector companies, namely oil and coal which are listed on the Indonesia Stock Exchange in 2018-2021 period before and after Covid-19.Keywords: Oil Price, Price Limit, Probability, Forex, Covid-19JEL Classifications: E22, E44, G11, O42, Q47DOI: https://doi.org/10.32479/ijeep.11557

Highlights

  • During the Covid-19 pandemic, the record for the energy subsector segment again showed a value of 2.07% and became one of the columns that became part of the growth of the Jakarta Composite File (IHSG)

  • The excess supply rate is the main cause, many of the world’s oil-producing countries have developed their generation tremendously, such as the Joining Nations, countries such as Russia, and Saudi Arabia, which did not take part in the process after the request was made. Another factor contributing to the weakening of share prices in the energy subsector was the escalation in the trade war between China and the United States, which caused global financial conditions to slow down, disrupting financial developments

  • Exchange wars carry the risk of loss, when the world economy slows down, causing the existing energy demand to shrink (Tanjung, 2021). who does not take part in the process after the request has occurred? In addition, another factor contributing to the weakening of share prices in the energy subsector was the onset of the trade war between the United States and China, which caused a global financial pause that disrupted financial developments (Wu and Wu, 2017)

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Summary

Introduction

During the Covid-19 pandemic, the record for the energy subsector segment again showed a value of 2.07% and became one of the columns that became part of the growth of the Jakarta Composite File (IHSG). The excess supply rate is the main cause, many of the world’s oil-producing countries have developed their generation tremendously, such as the Joining Nations, countries such as Russia, and Saudi Arabia, which did not take part in the process after the request was made. Another factor contributing to the weakening of share prices in the energy subsector was the escalation in the trade war between China and the United States, which caused global financial conditions to slow down, disrupting financial developments. Exchange wars carry the risk of loss, especially when the world economy is slowing down causing the existing energy demand to shrink. who does not take part in the process after the request has occurred? In addition, another factor contributing to the weakening of share prices in the energy subsector was the escalating trade war between the United States and China, which caused an international

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