Indonesia Auditing Research Journal
Vol. 13 No. 2 (2024): June: Auditing, Finance, IT Plan, IT Governance, Risk

The influence of reference coal price and inflation on the share price of sharia coal companies (Case Study of PT. Adaro Energy Indonesia Tbk)

Sukron, Jaenudin (Unknown)
Wazin, Wazin (Unknown)
Peristiwo, Hadi (Unknown)

Article Info

Publish Date
30 Jun 2024

Abstract

In the context of the coal industry, fluctuations in benchmark coal prices and inflation rates are important factors that correlate with the financial performance of coal sector companies and their stock values in the capital market. This research aims to investigate the correlation between benchmark coal prices and inflation with the Sharia stock price of PT Adaro Energy Indonesia Tbk (ADRO), using historical data from 2020 to 2023. Utilizing multiple linear regression analysis, this study shows that collectively, benchmark coal prices and inflation have a significant influence on ADRO's stock price. Individually, benchmark coal prices have an influence on ADRO's stock price, whereas inflation does not have an impact on ADRO's stock price.

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Journal Info
Indonesia Auditing Research Journal
Website

Abbrev

ARJ

Publisher

Institute of Accounting Research and Novation

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Languange, Linguistic, Communication & Media

Description

Indonesia Auditing Research Journal is a high-quality specialist journal that publishes articles from the broad spectrum of auditing. Its primary aim is to communicate clearly, to an international readership, the results of original auditing research conducted in research institutions and/or in ...