THE IMPACT OF THE INDONESIAN PRESIDENCY’S G20 AGENDA ON THE STOCK PRICES AND STOCK VOLUMES IN THE COAL MINING SECTOR

Fajriyah, Melati Sholihah and Heffi, Christya Rahayu and Sri, Yusriani and Wikarno, Agus and Stefly, Julisye Amerence Rozet and Kelik, Heri Purnomo and Kusnadi, Kusnadi (2023) THE IMPACT OF THE INDONESIAN PRESIDENCY’S G20 AGENDA ON THE STOCK PRICES AND STOCK VOLUMES IN THE COAL MINING SECTOR. THE IMPACT OF THE INDONESIAN PRESIDENCY’S G20 AGENDA ON THE STOCK PRICES AND STOCK VOLUMES IN THE COAL MINING SECTOR, 3. pp. 262-272. ISSN 2987-0461

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Abstract

This study aims to determine the impact of the Indonesian Presidency's G20 agenda on the stock prices and stock volumes in the coal mining sector in Indonesia. The research employs a quantitative descriptive method, comparing the stock prices and stock volumes before and after the Indonesian Presidency's G20 agenda took place in Bali, Indonesia. We consider a sample of stocks from the coal mining sector that implement Environmental, Social, and Governance (ESG) principles, selected through purposive random sampling by the period from May 1, 2022, to May 31, 2023. This comparison is made using Wilcoxon signed-rank tests. The results reveal significant differences in stock prices and stock volumes before and after the Indonesian Presidency's G20 agenda. Investors received information regarding the G20 agenda of the Indonesian Presidency in Indonesia as bad news because changes in stock prices and stock volume occurred negatively or tended to decline. Given these findings, it is recommended that management invests further in initiatives to increase investor trust. Additionally, the Financial Services Authority (OJK) is advised to develop appropriate policies for capital market supervision, aligning with the objectives of the Indonesian Presidency's G20 agenda, particularly regarding the implementation of ESG principles in Indonesia.

Item Type: Article
Subjects: Dewey decimal Classification Subject Areas > 300 Ilmu Sosial
Dewey decimal Classification Subject Areas > 300 Ilmu Sosial
Divisions: Fakultas Ekonomi > Program Studi Manajemen
Depositing User: Dr. Heffi Christya Rahayu, SE., M.Si.
Date Deposited: 19 Feb 2024 08:02
Last Modified: 19 Feb 2024 08:02
URI: http://repository.upp.ac.id/id/eprint/2542

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