E-Jurnal Akuntansi Universitas Udayana
Vol 32 No 4 (2022)

Covid-19 dan Volatilitas Harga Saham Melalui Peran Mediasi Harga Emas

Sarwindah Sarwindah (Fakultas Ekonomi dan Bisnis Universitas Wijaya Kusuma Surabaya, Indonesia)
Widi Hidayat (Fakultas Ekonomi dan Bisnis Universitas Wijaya Kusuma Surabaya, Indonesia)
Siti Asiah Murni (Fakultas Ekonomi dan Bisnis Universitas Wijaya Kusuma Surabaya, Indonesia)



Article Info

Publish Date
26 Apr 2022

Abstract

This study aims to analyze the effect of Covid-19 which consists of the number of positive cases, the number of deaths, and the number of recoveries on stock price volatility through the mediating role of gold prices. The research population is a retail company listed on the Indonesia Stock Exchange with a research period from April 2020 to June 2021. The research sample was taken using purposive sampling, and analyzed using SEM PLS. The results of the analysis show that the number of positive cases has a significant negative effect on gold prices and the volatility of retail companies' stock prices. The number of deceased has a positive effect on the price of gold and the volatility of the stock price of retail companies. The number of recoveries has a positive effect on gold prices, but has no significant effect on stock price volatility. The mediating role explains that the price of gold has a mediating role on the effect of the number of positive cases and the number of deaths on stock price volatility, but does not have a mediating role on the effect of the number of recoveries on stock price volatility. Keywords: Covid-19; Gold Prices; Stock Price Volatility; Retail Companies.

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Journal Info

Abbrev

Akuntansi

Publisher

Subject

Economics, Econometrics & Finance

Description

E-Jurnal Akuntansi Universitas Udayana adalah jurnal ilmiah elektronik yang diterbitkan secara online setiap sebulan sekali. E-Jurnal ini bertujuan untuk meningkatkan kualitas keilmuan dan menyalurkan minat berbagi serta penyebarluasan pengetahuan bagi para akademisi, mahasiswa, praktisi, dan para ...