Enrichment : Journal of Management
Vol. 12 No. 1 (2021): November: Management Science

The Impact of the Covid-19 Pandemic on the Stock Market: Empirically (Analysis of Indonesia's Major Stock Index)

William Tjong (Universitas Pelita Harapan)
Michael Michael (Universitas Pelita Harapan)

Article Info

Publish Date
21 Jul 2021

Abstract

This study aims to investigate the impact of the COVID-19 pandemic on major stock indexes in Indonesia. Researchers construct weekly data panels from stock index returns, new cases of the COVID-19 pandemic and new confirmed cases of the COVID-19 pandemic. Pooled OLS regression, conventional t-test and Mann Whitney test were used to estimate the results in this study. The results in this study show that new cases of the COVID-19 pandemic and new confirmed cases of the COVID-19 pandemic are significantly related to weekly stock index returns, then this study shows that there is a difference in weekly returns before the COVID-19 pandemic with weekly returns when occurrence of the COVID-19 pandemic.

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Journal Info
Enrichment : Journal of Management
Website

Abbrev

enrichment

Publisher

Institute Of Computer Science

Subject

Economics, Econometrics & Finance

Description

The Enrichment : Journal of Management offers wide ranging and widespread analysis of all surfaces of management and science. Published two times per year, it delivers a emphasis for universal proficiency in the vital methods, techniques and areas of research; presents a opportunity for its readers ...