HERSUGONDO, Hersugondo (2021) Artikel Dr. HERSUGONDO, SE, MM: The Short-Term Influences of Covid-19 Pandemic on Indonesia Stock Exchange. Jurnal Keuangan dan Perbankan, 25 (3). ISSN 2443-2687

Text (Artikel) (69) THE SHORT TERM INFLUENCES OF COVID-19 PANDEMIC ON INDONESIA STOCK EXCHANGE.pdf Download (346kB)

Abstract

This study aimed to discern the short-term influences of the Covid-19 pandemic on the
Indonesia Stock Exchange. The stocks from nine industries in Indonesia Stock Exchange
were putting to use in this study. In this study, the short-term cumulative abnormal return
was calculated by applying the data taken from 59 days of trading after the confirmation
notice of the first Covid-19 case in Indonesia. The result of the study depicted a Return in
the event window (+1,+9) dropped drastically, which later bounced back; There was no
cumulative abnormal return in the pre-event, and Cumulative abnormal return started to
appear during event and post-event.

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