Article Per Year (5 Year)
p-Index From 2019 - 2024
0.23
P-Index
This Author published in this journals
All Journal Financial Management Studies
Yulia Rahmadini
Universitas Negeri Padang
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Financial Management Studies

 1 
Evaluation of the impact of Covid-19 on abnormal return of the socially responsible stocks and the most liquid stocks listed on IDX Yulia Rahmadini; Aimatul Yumna
Financial Management Studies Vol. 2 No. 1 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i1.57

Abstract

The COVID-19 pandemic has impacted the investment climate in the Indonesian capital market, thus impacting investors' decisions in choosing resilient stocks during the pandemic. Socially responsible stocks are considred to be more reliable during crisis compared to other stocks. This study aims to determine the difference between abnormal returns before and after the announcement of COVID-19 as a global pandemic by the World Health Organization on March 11, 2020, against the SRI-Kehati and LQ45 indexes. Sample selection using purposive sampling technique with a sample of 17 companies SRI-Kehati and 21 companies LQ45. The data analysis used were one-sample t-test, one-sample Wilcoxon signed-rank test, Paired sample t-test, and Independent sample t-test. The results of this study indicate that there are significant abnormal returns and significant differences in average abnormal returns for the two indices. There is no significant difference in average abnormal return SRI-Kehati with average abnormal return LQ45. So, the results show that SRI-Kehati shares are more attractive to investors during the pandemic.
Co-Authors Yumna, Aimatul