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

The relationship between oil prices and energy sector stocks in the global recession issue

Christina Mikhaila Suoth (Sam Ratulangi University)
Feibe Cindy T Rumengan (Sam Ratulangi University)



Article Info

Publish Date
17 Jun 2023

Abstract

Changes in world oil prices as a result of global issues have had a certain impact on the capital market in Indonesia. This study aims to examine the relationship between stock prices in the energy sector and fluctuations in world oil prices. Observations were made from January to April 2023 with a sample of 76 firms in the energy sector. The result of the analysis shows that stock prices in the energy sector have high variability throughout the observation period. In addition, this study finds that energy sector stock prices have a positive relationship with world oil prices.

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Journal Info

Abbrev

cfabr

Publisher

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 ...