The CPO's returns and multi-events in Indonesia

Authors

  • Perlita Sari Rette Sam Ratulangi University
  • Leony Tipaka Sam Ratulangi University
  • Vania Sinambela Sam Ratulangi University
  • Stien Manggopa Sam Ratulangi University

DOI:

https://doi.org/10.58784/cfabr.21

Keywords:

returns, palm oil, geopolitics, IHSG

Abstract

During the period from January 2022 to June 2022, several events in Indonesia tend to have an impact on the palm oil business. This study aims to examine the relationship between CPO's return and market return with 24 firms as the sample. The findings show that the relationship between the returns of CPO's stocks and market returns is weak and unidirectional. It is also found that the systematic risk and return of CPO's stocks tend to be similar between event periods The findings also imply that the events do not result in a significant difference in returns and systematic risk.

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Published

2023-04-06

How to Cite

Rette, P. S., Tipaka, L., Sinambela, V., & Manggopa, S. (2023). The CPO’s returns and multi-events in Indonesia. The Contrarian : Finance, Accounting, and Business Research, 2(1), 18–22. https://doi.org/10.58784/cfabr.21

Issue

Vol. 2 No. 1 (2023)

Section

Articles

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Copyright (c) 2023 Perlita Sari Rette, Leony Tipaka, Vania Sinambela, Stien Manggopa

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