Coal Prices and Stock Returns: Company Evidence Mining in Indonesia

This research aims to analyze the factors that influence disclosure Share Return (SR) of companies operating in the coal mining sector and listed in Indonesian Stock Exchange during the 2018-2022 period.In this study, we used the device Eviews software to process the data and apply a random effects regression model to test the relationship between internal and external variables as independent variables.This independent variable involves Total Asset Turnover (TATO), coal prices (HBA), currency exchange rates (ER or Exchange Rate or ER) and sales growth (SG).The results of this research show that variables Total Asset Turnover (TATO), rupiah exchange rate (ER), and sales growth (SG) does not have a significant effect on the company's stock return (SR).Meanwhile, the exchange rate variable currency (ER) and sales growth (SG) have a negative effect but are not significant on stock returns (SR).On the other hand, coal prices have a significant positive influence on industry.