Impact of The Indonesian Presidency's G20 Agenda on The Stock Prices and Stock Volumes in The Coal Mining Sector

Proceeding of The International Seminar on Business Economics Social Science and Technology (ISBEST) Pub Date : 2023-11-02 DOI:10.33830/isbest.v3i1.1266

None Fajriyah Melati Sholihah, None Heffi Christya Rahayu, None Sri Yusriani, None Wikarno Agus, None Stefly Julisye Amerence Rozet, None Kelik Heri Purnomo, None Kusnadi

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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. It considers a sample of stocks from the coal mining sector that implement Environmental, Social, and Governance (ESG) principles, selected through purposive random sampling. 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. This comparison is made using paired t-tests, Wilcoxon signed-rank tests, or sign tests. The results reveal significant differences in stock prices and stock volumes before and after the Indonesian Presidency's G20 agenda. This suggests that the G20 agenda led by the Indonesian Presidency has influenced stock prices and stock volumes in the coal mining sector. 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.

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印尼轮值主席国G20议程对煤炭行业股价和库存量的影响

本研究旨在确定印尼担任G20轮值主席国期间对印尼煤炭开采行业股票价格和库存量的影响。它考虑了通过有目的的随机抽样选择的实施环境、社会和治理(ESG)原则的煤炭开采行业股票样本。本研究采用定量描述的方法，比较印尼轮值主席国G20议程在印尼巴厘岛召开前后的股价和库存量。这种比较是使用配对t检验、Wilcoxon符号秩检验或符号检验进行的。结果显示，在印尼担任G20轮值主席国前后，股价和库存量存在显著差异。这表明，由印尼轮值主席国主导的20国集团议程影响了煤炭开采部门的股价和库存量。鉴于这些发现，建议管理层进一步投资于增加投资者信任的举措。此外，建议金融服务管理局(OJK)制定适当的资本市场监管政策，与印尼担任G20主席国的议程目标保持一致，特别是在印尼实施ESG原则方面。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Proceeding of The International Seminar on Business Economics Social Science and Technology (ISBEST)

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