HOW HAS THE INDONESIAN STOCK MARKET PERFORMED DURING COVID-19 OUTBREAKS?
This paper analyzes the stock market reaction towards the Covid-19 pandemic by using a sample of Indonesian listed firms. In general, we document a significant negative cumulative abnormal returns when the Indonesian President announces the first case of Covid-19 in Indonesia. This effect remains te...
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my.unimas.ir.371482022-03-01T03:00:37Z http://ir.unimas.my/id/eprint/37148/ HOW HAS THE INDONESIAN STOCK MARKET PERFORMED DURING COVID-19 OUTBREAKS? Doddy, Setiawan Taufiq, Arifin Y Anni, Aryani Yau, Josephine, Tan Hwang HG Finance This paper analyzes the stock market reaction towards the Covid-19 pandemic by using a sample of Indonesian listed firms. In general, we document a significant negative cumulative abnormal returns when the Indonesian President announces the first case of Covid-19 in Indonesia. This effect remains ten days (weaker) after the announcement. However, we only find a short-term effect on the finance industry. While the explanation is still unclear, the investors may observe that the economic impact on the finance industry may arise in the long-run. UNIMAS Publisher 2021-12-17 Article PeerReviewed text en http://ir.unimas.my/id/eprint/37148/1/Josephine%20Tan-Hwang%20Yau.pdf Doddy, Setiawan and Taufiq, Arifin and Y Anni, Aryani and Yau, Josephine, Tan Hwang (2021) HOW HAS THE INDONESIAN STOCK MARKET PERFORMED DURING COVID-19 OUTBREAKS? International Journal of Business and Society, 22 (3). pp. 1420-1428. ISSN 1511-6670 http://www.ijbs.unimas.my/ file:///C:/Users/60128/Desktop/Manuscript/published/IJBS%202021/4312-Article%20Text-13997-1-10-20211213.pdf |
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HG Finance |
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HG Finance Doddy, Setiawan Taufiq, Arifin Y Anni, Aryani Yau, Josephine, Tan Hwang HOW HAS THE INDONESIAN STOCK MARKET PERFORMED DURING COVID-19 OUTBREAKS? |
| description |
This paper analyzes the stock market reaction towards the Covid-19 pandemic by using a sample of Indonesian listed firms. In general, we document a significant negative cumulative abnormal returns when the Indonesian President announces the first case of Covid-19 in Indonesia. This effect remains ten days (weaker) after the announcement. However, we only find a short-term effect on the finance industry. While the explanation is still unclear, the investors may observe that the economic impact on the finance industry may arise in the long-run. |
| format |
Article |
| author |
Doddy, Setiawan Taufiq, Arifin Y Anni, Aryani Yau, Josephine, Tan Hwang |
| author_facet |
Doddy, Setiawan Taufiq, Arifin Y Anni, Aryani Yau, Josephine, Tan Hwang |
| author_sort |
Doddy, Setiawan |
| title |
HOW HAS THE INDONESIAN STOCK MARKET PERFORMED DURING COVID-19 OUTBREAKS? |
| title_short |
HOW HAS THE INDONESIAN STOCK MARKET PERFORMED DURING COVID-19 OUTBREAKS? |
| title_full |
HOW HAS THE INDONESIAN STOCK MARKET PERFORMED DURING COVID-19 OUTBREAKS? |
| title_fullStr |
HOW HAS THE INDONESIAN STOCK MARKET PERFORMED DURING COVID-19 OUTBREAKS? |
| title_full_unstemmed |
HOW HAS THE INDONESIAN STOCK MARKET PERFORMED DURING COVID-19 OUTBREAKS? |
| title_sort |
how has the indonesian stock market performed during covid-19 outbreaks? |
| publisher |
UNIMAS Publisher |
| publishDate |
2021 |
| url |
http://ir.unimas.my/id/eprint/37148/1/Josephine%20Tan-Hwang%20Yau.pdf http://ir.unimas.my/id/eprint/37148/ http://www.ijbs.unimas.my/ |
| _version_ |
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