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

Tri Wahyono (), Lucky Nugroho () and Muhamad Imron ()
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Tri Wahyono: Universitas Mercu Buana, Indonesia
Lucky Nugroho: Universitas Mercu Buana, Indonesia
Muhamad Imron: Universitas Mercu Buana, Indonesia

Eurasian Journal of Business and Management, 2019, vol. 7, issue 2, 12-22

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.

Keywords: Oil Price; Debt to Equity Ratio (DER); Exchange Rate and Stock Price (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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