THE EFFECT OF RUSSIA'S INVASION OF UKRAINE TOWARDS THE STOCK PRICES OF TRANSPORTATION AND LOGISTICS COMPANIES LISTED ON THE INDONESIAN STOCK INDEX

This study examines the impact of Russia's invasion of Ukraine on the stock prices of transportation and logistics companies listed on the Indonesian Stock Exchange (IDX). Using an event study methodology, it analyzes abnormal returns and trading volume activity before and after the invasion on...

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Main Author: Alana Zidan Nabil, Muhammad
Format: Final Project
Language:Indonesia
Online Access:https://digilib.itb.ac.id/gdl/view/83428
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Institution: Institut Teknologi Bandung
Language: Indonesia
id id-itb.:83428
spelling id-itb.:834282024-08-09T14:44:37ZTHE EFFECT OF RUSSIA'S INVASION OF UKRAINE TOWARDS THE STOCK PRICES OF TRANSPORTATION AND LOGISTICS COMPANIES LISTED ON THE INDONESIAN STOCK INDEX Alana Zidan Nabil, Muhammad Indonesia Final Project Russia-Ukraine invasion, stock prices, transportation and logistics, abnormal returns, trading volume activity, Indonesian Stock Exchange. INSTITUT TEKNOLOGI BANDUNG https://digilib.itb.ac.id/gdl/view/83428 This study examines the impact of Russia's invasion of Ukraine on the stock prices of transportation and logistics companies listed on the Indonesian Stock Exchange (IDX). Using an event study methodology, it analyzes abnormal returns and trading volume activity before and after the invasion on February 24, 2022. The sample consists of 29 companies, selected to ensure data completeness and avoid confounding corporate actions. The research employs descriptive statistics, data normality tests, and hypothesis testing using Paired Sample T-test and Wilcoxon Signed Rank Test methods. The findings reveal no significant changes in abnormal returns and only a slight, non-significant change in trading volume activity, indicating limited market response to the geopolitical event. This result contrasts with other studies showing significant stock market disruptions during similar important events, such as government decision announcements, pandemic, and geopolitical crises. This suggests that the invasion did not significantly impact the stock performance of Indonesia's transportation and logistics sector. The study highlights how external shocks, like geopolitical conflicts, influence emerging market sectors and offers insights for investors and policymakers on managing such risks. The minimal impact observed may be due to Indonesia's geographical distance from the conflict, the sector's domestic and regional focus, and effective risk management strategies by the companies involved. text
institution Institut Teknologi Bandung
building Institut Teknologi Bandung Library
continent Asia
country Indonesia
Indonesia
content_provider Institut Teknologi Bandung
collection Digital ITB
language Indonesia
description This study examines the impact of Russia's invasion of Ukraine on the stock prices of transportation and logistics companies listed on the Indonesian Stock Exchange (IDX). Using an event study methodology, it analyzes abnormal returns and trading volume activity before and after the invasion on February 24, 2022. The sample consists of 29 companies, selected to ensure data completeness and avoid confounding corporate actions. The research employs descriptive statistics, data normality tests, and hypothesis testing using Paired Sample T-test and Wilcoxon Signed Rank Test methods. The findings reveal no significant changes in abnormal returns and only a slight, non-significant change in trading volume activity, indicating limited market response to the geopolitical event. This result contrasts with other studies showing significant stock market disruptions during similar important events, such as government decision announcements, pandemic, and geopolitical crises. This suggests that the invasion did not significantly impact the stock performance of Indonesia's transportation and logistics sector. The study highlights how external shocks, like geopolitical conflicts, influence emerging market sectors and offers insights for investors and policymakers on managing such risks. The minimal impact observed may be due to Indonesia's geographical distance from the conflict, the sector's domestic and regional focus, and effective risk management strategies by the companies involved.
format Final Project
author Alana Zidan Nabil, Muhammad
spellingShingle Alana Zidan Nabil, Muhammad
THE EFFECT OF RUSSIA'S INVASION OF UKRAINE TOWARDS THE STOCK PRICES OF TRANSPORTATION AND LOGISTICS COMPANIES LISTED ON THE INDONESIAN STOCK INDEX
author_facet Alana Zidan Nabil, Muhammad
author_sort Alana Zidan Nabil, Muhammad
title THE EFFECT OF RUSSIA'S INVASION OF UKRAINE TOWARDS THE STOCK PRICES OF TRANSPORTATION AND LOGISTICS COMPANIES LISTED ON THE INDONESIAN STOCK INDEX
title_short THE EFFECT OF RUSSIA'S INVASION OF UKRAINE TOWARDS THE STOCK PRICES OF TRANSPORTATION AND LOGISTICS COMPANIES LISTED ON THE INDONESIAN STOCK INDEX
title_full THE EFFECT OF RUSSIA'S INVASION OF UKRAINE TOWARDS THE STOCK PRICES OF TRANSPORTATION AND LOGISTICS COMPANIES LISTED ON THE INDONESIAN STOCK INDEX
title_fullStr THE EFFECT OF RUSSIA'S INVASION OF UKRAINE TOWARDS THE STOCK PRICES OF TRANSPORTATION AND LOGISTICS COMPANIES LISTED ON THE INDONESIAN STOCK INDEX
title_full_unstemmed THE EFFECT OF RUSSIA'S INVASION OF UKRAINE TOWARDS THE STOCK PRICES OF TRANSPORTATION AND LOGISTICS COMPANIES LISTED ON THE INDONESIAN STOCK INDEX
title_sort effect of russia's invasion of ukraine towards the stock prices of transportation and logistics companies listed on the indonesian stock index
url https://digilib.itb.ac.id/gdl/view/83428
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