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Market Reaction to The Palestinian-Israeli Conflict: Analysis of PT. Unilever

Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam · Vol. 9 No. 2 (2024)

DOI
10.31332/lifalah.v9i2.11474
ISSN
2549-6085, 2541-6545
Published
2024-12-21
Publisher
Institut Agama Islam Negeri Kendari
License
creativecommons.org/licenses/by-sa/4.0

Abstract

This study aims to find out whether the conflict between Palestine and Israel caused the emergence of the issue of boycotting one of the multinational companies that support one of the countries in conflict. This research is quantitative using the method of event studies with a period of 14 working days, seven days before and seven days after the boycott issue. This study used descriptive statistical test analysis, shapiro-wilk normality test, and hypothesis test. The results showed that there was a significant difference in share prices and abnormal returns before and after the issue of boycotting Unilever products. However, regarding trading volume activity there was no difference before and after the issue of boycotting Unilever products during the Israeli and Palestinian conflict

Collaboration network of the authors

4 authors · 4 co-authorship links

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  • Sunan Kalijaga State Islamic University Yogyakarta
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
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Co-authorOrganisationJoint articles
Dedi GunawanSunan Kalijaga State Islamic University Yogyakarta1
Syafiq Mahmadah HanafiSunan Kalijaga State Islamic University Yogyakarta1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

This record comes from Crossref (what the publisher deposited), because the journal's own OAI-PMH endpoint could not be harvested.

Metadata source: Crossref API (cadangan, berdasarkan ISSN) https://api.crossref.org/journals/2549-6085/works, first harvested 29 Okt 2026, last seen 1 Nov 2026.
Metadata as oai_dc, converted from Crossref
<oai_dc:dc xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/"><dc:title>Market Reaction to The Palestinian-Israeli Conflict: Analysis of PT. Unilever</dc:title><dc:creator>Andini, Nova Riza Ayu</dc:creator><dc:creator>Amal, Muhammad Ahsanul</dc:creator><dc:description>&lt;jats:p&gt;This study aims to find out whether the conflict between Palestine and Israel caused the emergence of the issue of boycotting one of the multinational companies that support one of the countries in conflict. This research is quantitative using the method of event studies with a period of 14 working days, seven days before and seven days after the boycott issue. This study used descriptive statistical test analysis, shapiro-wilk normality test, and hypothesis test. The results showed that there was a significant difference in share prices and abnormal returns before and after the issue of boycotting Unilever products. However, regarding trading volume activity there was no difference before and after the issue of boycotting Unilever products during the Israeli and Palestinian conflict&lt;/jats:p&gt;</dc:description><dc:publisher>Institut Agama Islam Negeri Kendari</dc:publisher><dc:date>2024-12-21</dc:date><dc:type>info:eu-repo/semantics/article</dc:type><dc:format>application/pdf</dc:format><dc:identifier>https://doi.org/10.31332/lifalah.v9i2.11474</dc:identifier><dc:identifier>10.31332/lifalah.v9i2.11474</dc:identifier><dc:source>Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam; Vol 9 No 2 (2024); 189</dc:source><dc:source>2549-6085</dc:source><dc:source>2541-6545</dc:source><dc:relation>https://ejournal.iainkendari.ac.id/index.php/lifalah/article/viewFile/11474/3063</dc:relation><dc:rights>http://creativecommons.org/licenses/by-sa/4.0</dc:rights></oai_dc:dc>