HOW HAS THE INDONESIAN STOCK MARKET PERFORMED DURING COVID-19 OUTBREAKS?

• Main Authors: Doddy, Setiawan, Taufiq, Arifin, Y Anni, Aryani, Yau, Josephine, Tan Hwang
• Format: Article
• Language: English
• Published: UNIMAS Publisher 2021
• Subjects: HG Finance
• Online Access: 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/
• Institution: Universiti Malaysia Sarawak

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...