Proceedings of the 2nd International Conference of Strategic Issues on Economics, Business and, Education (ICoSIEBE 2021)

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Analysis of Government Stimulus Policy Facing the Covid-19 Pandemic on Abnormal Share Returns (Study on LQ-45 Shares)

Authors
Asriyatuzzahra1, *, Nida Muti Fatimah1, Ida Maftukhah1
1Management Study Program, Faculty of Economics, Semarang State University
*Corresponding author. Email: asriyatuzzahra@gmail.com
Corresponding Author
Asriyatuzzahra
Available Online 17 January 2022.
DOI
10.2991/aebmr.k.220104.004How to use a DOI?
Keywords
Abnormal Return; Covid-19; LQ-45; Study Event; Pandemic
Abstract

The corona virus disease in 2019 (Covid-19) globally has had a direct or indirect impact on the performance and capacity of debtors in fulfilling credit or financing payment obligations. The spread of Covid-19 also has an impact on the performance and capacity of debtors and increases credit risk which has the potential to disrupt banking performance and financial system stability so that it can affect economic growth. To encourage optimization of banking performance during this pandemic, particularly the intermediation function, maintaining financial system stability and supporting economic growth, economic policies are needed to stabilize the country’s economy. This study aims to determine the difference in abnormal returns before and after the economic stimulus policies announcement in dealing with Covid-19 pandemic. This study used a case study approach, with an observation period of 5 days before and 5 days after. The sample used in this study was 45 companies listed in the LQ-45 index. The data were analyzed using paired sample T-test. The results of this study indicate that when the economic stimulus announcement came out on February 24, 2020, there was a difference in the average abnormal return on LQ-45 stocks.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2nd International Conference of Strategic Issues on Economics, Business and, Education (ICoSIEBE 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
17 January 2022
ISBN
978-94-6239-514-5
ISSN
2352-5428
DOI
10.2991/aebmr.k.220104.004How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Asriyatuzzahra
AU  - Nida Muti Fatimah
AU  - Ida Maftukhah
PY  - 2022
DA  - 2022/01/17
TI  - Analysis of Government Stimulus Policy Facing the Covid-19 Pandemic on Abnormal Share Returns (Study on LQ-45 Shares)
BT  - Proceedings of the 2nd International Conference of Strategic Issues on Economics, Business and, Education (ICoSIEBE 2021)
PB  - Atlantis Press
SP  - 30
EP  - 33
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220104.004
DO  - 10.2991/aebmr.k.220104.004
ID  - 2022
ER  -