Citation:

Dwi Anasthasia Pasaribu, Augustina Kurniasih. "Fifth Package Sanctions: Prohibition of Russian Coal Trade to the European Union: Implications for Stock Trading in the Indonesian Coal Sub-Sector" International Research Journal of Economics and Management Studies, Vol. 4, No. 3, pp. 145-150, 2025.

Abstract:

The purpose of the study was to analyze the impact of the Fifth Package Sanctions on the prohibition of Russian coal trade to the European Union on Abnormal Trading Volume, Abnormal Return, and the profitability of coal sub-sector companies listed on the Indonesia Stock Exchange (IDX). The total population consists of 29 companies in 2023, with a purposive sampling method used to obtain 20 companies listed on the IDX. The analysis technique used is inferential analysis to determine whether there are differences in the performance of coal companies listed on the IDX before and after the imposition of the Russian coal trade sanctions to Europe. Research The study concludes that there is no significant effect on Abnormal Trading Volume (ATVA) and Abnormal Return before and after the event day. The findings indicate that Return on Assets (ROA) is insignificant between before and after implementing Fifth Package Sanctions.

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Keywords:

Abnormal Trading Volume Activity, Abnormal Return, Profitability, ROA.