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Macroeconomic Factors, Energy Consumption and Firms Performance on Stock Return of Mining and Energy Sector: Evidence From Indonesia

Author

Listed:
  • Elfiswandi Elfiswandi

    (Department of Economic and Business, Universitas Putra Indonesia YPTK, Padang, Indonesia.)

  • Sigit Sanjaya

    (Department of Economic and Business, Universitas Putra Indonesia YPTK, Padang, Indonesia.)

  • Nila Pratiwi

    (Department of Economic and Business, Universitas Putra Indonesia YPTK, Padang, Indonesia.)

  • Yosi Yulia

    (Department of Economic and Business, Universitas Putra Indonesia YPTK, Padang, Indonesia.)

  • Muhammad Fikri Ramadhan

    (Department of Economic and Business, Universitas Putra Indonesia YPTK, Padang, Indonesia.)

Abstract

The research aims to discover the effect of macroeconomic factors, energy consumption and fundamental analysis on stock return of mining and energy sector companies listed on Indonesia Stock Exchange (IDX) during 2014-2018 period. The population in this study firms in the mining and energy sector. The total population is 43 firms. 37 firms were selected as samples A total of the population was determined as samples by purposive sampling method. The analytical method used panel data regression analysis by SPSS program. The result shows: 1) Inflation has a significant effect on stock return 2) Interest rate has a significant effect on stock return 3) exchange rate has a significant effect on stock return 4) energy consumption has a significant effect on stock return 5) current ratio has no significant effect on stock return 6) debt to equity ratio has a significant effect on stock return 7) return on equity has a significant effect on stock return 8) earning per share has a significant effect on stock return.

Suggested Citation

  • Elfiswandi Elfiswandi & Sigit Sanjaya & Nila Pratiwi & Yosi Yulia & Muhammad Fikri Ramadhan, 2020. "Macroeconomic Factors, Energy Consumption and Firms Performance on Stock Return of Mining and Energy Sector: Evidence From Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 229-234.
    • Handle: RePEc:eco:journ2:2020-06-30
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    Cited by:

    1. Mohammad Benny Alexandri & Supriyanto, 2021. "The Influence of Oil Price Volatility and Price Limit in Indonesia Energy Sub-Sector for the Period Before and After Covid-19," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 538-544.

    More about this item

    Keywords

    Energy consumption; mining industry; energy sector;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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