The Contrarian: Finance, Accounting, and Business Research
Vol. 2 No. 1 (2023)

The return response on gold and crude oil during global geopolitical issues

Azarya Putra Ari (Sam Ratulangi University)
Jordy Siwu (Sam Ratulangi University)
Merlyn Sari Sambur (Sam Ratulangi University)
Sisilia Kristiana Kawulur (Sam Ratulangi University)

Article Info

Publish Date
15 Mar 2023

Abstract

The geopolitical issues together with the COVID-19 pandemic in earlier of 2022 triggered instability in the world economy. The objective of this study is to analyze the correlation and response of the returns of firms in the energy sector to changes in gold and crude oil prices. The observed data is drawn over the period June 2021 to June 2022 on the monthly basis for 68 listed firms in the energy sector, gold prices, and crude oil prices. This study finds that the changes in gold returns tend not to affect the changes in returns of firms in the energy sector. Reversely, the changes in returns of crude oil significantly affect the changes in returns of firms in the energy sector.

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Journal Info
The Contrarian: Finance, Accounting, and Business Research
Website

Abbrev

cfabr

Publisher

Yayasan Widyantara Nawasena Raharja

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

The Contrarian: Finance, Accounting, and Business Research (CFABR) is a double peer-reviewed journal published by the Yayasan Widyantara Nawasena Raharja. The Contrarian: Finance, Accounting, and Business Research (CFABR) will publish the articles bi-annually. The article submitted to The ...