IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-990-2_2.html

Difference in Stock Prices Before and After The Inaugurations of the Indonesia Carbon Exchange

In: Proceedings of the 7th International Conference on Applied Economics and Social Science (ICAESS 2025)

Author

Listed:
  • Umi Marwati

    (Politeknik Negeri Batam, Management and Business)

  • Arif Darmawan

    (Politeknik Negeri Batam, Management and Business)

Abstract

This study looks at how the market reacted to the start of the Indonesia Carbon Exchange (ICX), especially in the energy sector of Indonesia. To measure these reactions, three things were checked: Average Abnormal Return (AAR), Average Trading Volume Activity (ATVA), and Average Security Return Variability (ASRV). The study used a quantitative method, looking at 64 companies over a 10-day period before and after the ICX began. The results found that there was a big difference in AAR before and after the ICX started, with a very low significance value of 0. 000. However, there was no big change in ATVA or ASRV. This suggests that the market reacts more to changes in returns than to trading volume or volatility when it comes to environmental policies.

Suggested Citation

  • Umi Marwati & Arif Darmawan, 2026. "Difference in Stock Prices Before and After The Inaugurations of the Indonesia Carbon Exchange," Advances in Economics, Business and Management Research, in: Jessica Olifia & Dewi Junita & Aprizal Putra & Susi Lestari & Sarah Ulfah Al Amany & Syafri Naldi (ed.), Proceedings of the 7th International Conference on Applied Economics and Social Science (ICAESS 2025), pages 3-20, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-990-2_2
    DOI: 10.2991/978-94-6463-990-2_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-990-2_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.