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All Journal Inovasi : Jurnal Ekonomi, Keuangan, dan Manajemen J-MAS (Jurnal Manajemen dan Sains) Jurnal Karya Abdi Masyarakat Journal of Business Studies and Management Review
Firmansyah Firmansyah
Program Studi Manajemen, Fakultas Ekonomi Dan Bisnis, Universitas Jambi, Indonesia
Religion Agriculture, Biological Sciences & Forestry Humanities Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Health Professions Public Health Social Sciences Other

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Journal : Inovasi : Jurnal Ekonomi, Keuangan, dan Manajemen

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Impact of the right issue during pandemic: evidence from indonesia stock exchange Tona Aurora Lubis; Firmansyah Firmansyah; Novita Sari; Maryati Ningsih
INOVASI Vol. 18 (Special Issue), 2022
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (272.837 KB) | DOI: 10.29264/jinv.v18i0.11230

Abstract

This study has been carried out to identify the impact of right issues announcement during the Covid pandemic in Indonesia Stock Exchange. In this article, we use an event study approach to empirically study the trading frequency, actual return, stock return and trading volume activity on response due to right issues announcement. This article used window's method with 3 days, 7 days, and 10 days period.The main conclusion from this finding is that during the covid pandemic there are differences in the actual average return and the average stock return in a period of 3 days, 7 days and 10 days both before and after the issuance of right issues. Likewise, the average trading frequency, during the covid pandemic, there was a difference in the average trading frequency in the 3 day and 7 day periods before and after the issuance of the right issue. An interesting conclusion from this finding is that the issuance of right issues during the covid pandemic will increase the actual average return and average stock return in the period of 3 days, 7 days and 10 days after the issuance of the right issues. However, the trading frequency only increased in the period of 3 days and 7 days after issuance and then decreased after 10 days of the issuance of the right issue itself. Meanwhile, this finding also shows that there is no difference in trading volume activity both before and after the issuance of right issues.
Co-Authors Edward Edward Edy Firza Maryati Ningsih Maryati Ningsih Mohammad Ihsan Novita Sari syahmardi yacob Tona Aurora Lubis Zulkifli Abdullah