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Journal : The Contrarian: Finance, Accounting, and Business Research

The effect of market risk on returns: Case of banking in Indonesia Dhea Modeong; Ricky Wati; Jeine Ante; Efrianto Tadung
The Contrarian : Finance, Accounting, and Business Research Vol. 1 No. 1 (2022)
Publisher : Yayasan Widyantara Nawasena Raharja

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (378.027 KB) | DOI: 10.58784/cfabr.3

Abstract

The banking industries are a sector that play important role to support national development and national economy. During Covid-19 pandemic, most of market in the world include Indonesia has urgent circumstances. The objective of this study is to examine whether the Covid-19 pandemic has bad impact on returns of banking industries. The results of regression over January 3, 2020, to December 30, 2021 show that there is positive relationship for risk-return of BBNI and BBRI. Those results imply that Covid-19 pandemic does not have significant effect on returns for those banks. It also means that most investors feel safe for those banks financial performance.