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All Journal The Contrarian: Finance, Accounting, and Business Research
Marni Palullungan
Sam Ratulangi University
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Can the market affect non-government banking returns during COVID-19 pandemic? Citra Salniati Mallisa; Febriani Timbang; Marni Palullungan; Olfin M. Appulembang
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 (136.374 KB) | DOI: 10.58784/cfabr.6

Abstract

At the beginning of the era of the Covid-19 pandemic, returns on the capital market became increasingly uncertain, especially for non-government-owned banks in Indonesia. The purpose of this study is to determine the relationship between market movements and returns from non-government banks in Indonesia. The results of the analysis on MEGA and BNGA in the range 5 June 2020 to 30 December 2021 show that the two banks have the same stock return. Empirically, this study finds that stock returns and market returns have unidirectional relationship even though the two banks have different risks.
Co-Authors Citra Salniati Mallisa Febriani Timbang Olfin M. Appulembang