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Determinants Factors of Stock Price in Oil and Gas Sector (Indonesia Stock Exchange 2011-2016)

Author

Listed:
  • Tri Wahyono

    (Universitas Mercu Buana, Indonesia)

  • Lucky Nugroho

    (Universitas Mercu Buana, Indonesia)

  • Muhamad Imron

    (Universitas Mercu Buana, Indonesia)

Abstract

The purpose of this study is to examine the factors that affect the stock prices of oil and gas subsector companies (oil and gas). These factors are Oil Price, Debt to Equity Ratio (DER), and Exchange Rate. The research design used is comparative causal research. Sampling in this research is done by using purposive sampling method technique. The analysis technique used is panel data regression analysis. The result of the study by using f-statistic test shows that the variable of Oil Price, DER and Exchange Rate simultaneously have a significant effect on Stock Price. While the result of the t-statistic test shows that the variable of Oil Price has a significant positive impact, while DER and Exchange Rate have a significant negative effect to a stock price of oil and gas listed in Indonesia Stock Exchange period 2011-2016.

Suggested Citation

  • Tri Wahyono & Lucky Nugroho & Muhamad Imron, 2019. "Determinants Factors of Stock Price in Oil and Gas Sector (Indonesia Stock Exchange 2011-2016)," Eurasian Journal of Business and Management, Eurasian Publications, vol. 7(2), pages 12-22.
    • Handle: RePEc:ejn:ejbmjr:v:7:y:2019:i:2:p:12-22
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    References listed on IDEAS

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    Cited by:

    1. Supriyanto Supriyanto & Suripto Suripto & Arif Sugiono & Putri Irmala Sari, 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, Econjournals, vol. 11(4), pages 312-318.
    2. Endri Endri & Muhamad Rinaldi & Dini Arifian & Bungaran Saing & Aminudin Aminudin, 2021. "Oil Price and Stock Return: Evidence of Mining Companies in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 110-114.

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