E-Jurnal Akuntansi
Vol. 34 No. 4 (2024)

Analysis of Market Reactions Before and During Geopolitical Issues in Europe

Deilamy Nigel Luntungan (Unknown)
Lidia Mawikere (Unknown)
Syermi Mintalangi (Unknown)



Article Info

Publish Date
06 May 2026

Abstract

Various events that occur in the world have an impact on the capital market. One such event is the geopolitical events of the Russian invasion of Ukraine on February 24, 2022. The purpose of this study is to determine the influence of geopolitical dynamics in Europe on the market capitalization of energy sector companies. The observation period was carried out at 1 quarter before the event and 3 quarters during the event. This type of research is quantitative research with a descriptive approach. The sampling method used was purposive sampling of 52 companies that were sampled. Data analysis in the form of Wilcoxon Sign Rank difference test using IBM SPSS 26. The result of this study is the occurrence of significant differences in market capitalization in 2 periods before and during geopolitical issues in Europe, and there were no significant differences in market capitalization in 1 period during geopolitical issues in Europe.

Copyrights © 2024






Journal Info

Abbrev

akuntansi

Publisher

Subject

Economics, Econometrics & Finance

Description

E-JURNAL AKUNTANSI (EJA) E-Jurnal Akuntansi [e-ISSN 2302-8556] is an electronic scientific journal published online once a month. E-journal aims to improve the quality of science and channel the interest of sharing and dissemination of knowledge for scholars, students, practitioners, and the ...