Sharia Stock Reaction Against COVID-19 Pandemic: Evidence from Indonesian Capital Markets

• Main Authors: Muhamad Nafik Hadi Ryandono, -, Muafi, -, Agusng Guritno, -
• Format: Article PeerReviewed
• Language: English; Indonesian; English; English; Indonesian
• Published: Korea Distribution Science Association (KODISA) 2021
• Subjects: H Social Sciences; HG4501-6051 Investment, capital formation, speculation; HG4551-4598 Stock exchanges
• Online Access: https://repository.unair.ac.id/113245/6/M%20Nafik%20Hadi%20R_Karil103_Sharia%20Stock%20Reaction.pdf; https://repository.unair.ac.id/113245/2/Moh%20Nafik%20HR_PeerReview103.pdf; https://repository.unair.ac.id/113245/7/M%20Nafik%20HadiR_Similarity103_Sharia%20Stock%20Reaction.pdf; https://repository.unair.ac.id/113245/8/M%20Nafik%20HR_Korespondensi103_Sharia%20Stock%20Reaction.pdf; https://repository.unair.ac.id/113245/12/M%20Nafik%20HR_Bimbingan%20S3.pdf; https://repository.unair.ac.id/113245/; https://www.koreascience.kr/article/JAKO202104142237624.view?orgId=kodisa; https://doi.org/10.13106/jafeb.2021.vol8.no2.0697
• Institution: Universitas Airlangga

The purpose of this study is to explore the reaction of sharia stock in the Indonesian capital market to the global Covid-19 pandemic. The method used in this study is an event study with a Market Adjusted Model (MAM) approach. The population of this study is shares listed on the Indonesian Stock Ex...