International Journal of Management, Economic and Accounting
Vol. 4 No. 2 (2026): April 2026

Quantifying Stock Trading Volume in the Transportation Sector in View of Global Geopolitical Risk (GPR), World Oil Prices, and Inflation

Syarief Hidayat (Universitas Malahayati)
Euis Mufahamah (Universitas Malahayati)
Anita (Universitas Malahayati)



Article Info

Publish Date
10 Apr 2026

Abstract

This study aims to analyze the influence of global geopolitical tensions (Geopolitical Risk/GPR), world oil prices, and inflation on the trading volume of transportation sector stocks in Indonesia. The transportation sector was chosen because it is highly sensitive to changing global conditions, energy costs, and domestic macroeconomic pressures. This study uses a quantitative approach with monthly secondary data for the period January 2022-December 2024 on five transportation sector companies listed on the Indonesia Stock Exchange, namely SMDR, ASSA, TAXI, BLTA, and TMAS. The analysis method used was panel data regression with model selection through Chow, Hausman, and Lagrange Multiplier tests. The results of the study show that GPR, world oil prices, and inflation simultaneously have a significant effect on the trading volume of transportation sector stocks. Partially, GPR affects trading activities due to increasing market uncertainty, world oil prices affect trading volumes through changes in company operating costs, and inflation affects investor behavior related to risk expectations and purchasing power. These findings indicate that external dynamics and macroeconomic conditions play an important role in determining the liquidity and trading activities of the transportation sector in Indonesia.

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Journal Info

Abbrev

IJMEA

Publisher

Subject

Economics, Econometrics & Finance

Description

The International Journal of Management, Economic and Accounting is an academic journal published bimonthly. This journal features the latest research in the fields of management, economics, and accounting, covering topics such as strategic management, micro and macroeconomics, corporate finance, ...