Reaction Analysis of Issuers Listed on the Indonesia Stock Exchange on the Impact of Covid

(Event Study: The First Case of Covid-19 in Indonesia, Micro-scale PPKM and Emergency PPKM)

DOI

10.2991/978-94-6463-234-7_10How to use a DOI?

Keywords

Impact of Covid; Reaction Analysis; Stock Exchange

Abstract

The purpose of this research was to identify and analyze differences in Abnormal Return & Trading Volume Activity before and after the announcement of the first Covid-19 case in Indonesia, Micro-Scale PPKM, and Emergency PPKM in companies listed on the Indonesia Stock Exchange during the 2020–2021 period. Case study research is the method used (Event Study). An event study is a study of the market sentiment of an event. The population for this research is companies listed on the Indonesia Stock Exchange for 2020–2021, involving as many as 79 companies in the Healthcare, Technology, Transportation & Logistics sectors. Purposive sampling was used to collect samples from as many as 48 companies. The Differential Test, particularly the Paired Sample T-Test and the Wilcoxon Signed Rank Test, is used for analysis. There was no significant difference in abnormal returns before and after the announcement of the first case of Covid-19 in Indonesia, Micro-Scale PPKM, and Emergency PPKM in the Healthcare, Technology, Transportation, and Logistics sectors, according to the results. There is a significant difference in Trading Volume Activity before and after the announcement of the first case of Covid-19 in Indonesia in the Healthcare sector but not in the Technology or Transportation & Logistics sectors. There is a significant difference in Trading Volume Activity before and after Micro-Scale PPKM in the Healthcare and Technology sectors but not in the Transportation & Logistics sector. There is no significant difference in Trading Volume Activity in the Transportation & Logistics sector before and after the announcement of the first case of Covid-19 in Indonesia, Micro-Scale PPKM, and Emergency PPKM.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Alwi Ihsan Nababan
AU  - Nisrul Irawati
AU  - Chairul Muluk
PY  - 2023
DA  - 2023/09/29
TI  - Reaction Analysis of Issuers Listed on the Indonesia Stock Exchange on the Impact of Covid
BT  - Proceedings of the 7th Global Conference on Business, Management, and Entrepreneurship (GCBME 2022)
PB  - Atlantis Press
SP  - 83
EP  - 100
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-234-7_10
DO  - 10.2991/978-94-6463-234-7_10
ID  - Nababan2023
ER  -