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Announcement of COVID-19 cases in Indonesia on the Indonesian Stock Market: Analysis of a Study of Events in Miscellaneous Industry

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Listed:
  • Rifki Andi Miharja

    (Widyatama University, Indonesia)

  • Vincentia Wahju Widajatun

    (Widyatama University, Indonesia)

Abstract

The first Covid-19 case was announced on March 2, 2020. This study aims to determine whether there is a difference between the abnormal return before the announcement and after the announcement of the first Covid-19 case in Indonesia (case Study of Events in Miscellaneous Industry). The research data was taken 30 days before and 30 days after the announcement of the first case of Covid-19 in Indonesia. The data were processed using SPSS. From the results of data processing, it shows that there are differences in the index prices of Miscellaneous industry before and after the announcement of the first Covid-19 case in Indonesia. This is indicated by a significant value of 0.00

Suggested Citation

  • Rifki Andi Miharja & Vincentia Wahju Widajatun, 2021. "Announcement of COVID-19 cases in Indonesia on the Indonesian Stock Market: Analysis of a Study of Events in Miscellaneous Industry," Technium Social Sciences Journal, Technium Science, vol. 17(1), pages 175-183, March.
    • Handle: RePEc:tec:journl:v:17:y:2021:i:1:p:175-183
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    References listed on IDEAS

    as
    1. Pinglin He & Yulong Sun & Ying Zhang & Tao Li, 2020. "COVID–19’s Impact on Stock Prices Across Different Sectors—An Event Study Based on the Chinese Stock Market," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(10), pages 2198-2212, August.
    2. Chun-Da Chen & Chin-Chun Chen & Wan-Wei Tang & Bor-Yi Huang, 2009. "The positive and negative impacts of the sars outbreak:a case of the Taiwan industries," Journal of Developing Areas, Tennessee State University, College of Business, vol. 43(1), pages 281-293, September.
    3. Srinivas Nippani & Kenneth Washer, 2004. "SARS: a non-event for affected countries' stock markets?," Applied Financial Economics, Taylor & Francis Journals, vol. 14(15), pages 1105-1110.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Abnormal Return; Covid-19; Event Study; Miscellaneous Industry;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

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