The Contrarian: Finance, Accounting, and Business Research
Vol. 1 No. 2 (2022)

The impact of cases and death reports of COVID-19 on prices and returns

Jeffrey Steanly Saputra (Sam Ratulangi University)
Jessica Jeniver Manuho (Sam Ratulangi University)
Riska Maunde (Sam Ratulangi University)
Renitha Aprilia Gracia Thomas (Sam Ratulangi University)

Article Info

Publish Date
16 Feb 2023

Abstract

Both the technology sector and the health sector are important issues for investors during the COVID-19 pandemic in 2021. This study aims to examine the impact of cases and death reports on the prices and stock returns especially for firms in the technology and health sectors. On this purpose, the sample is taken for the period January 4 2021 to December 30, 2021. The results of correlation and mean difference tests show that cases and death reports of COVID-19 are not the main cause in influencing stock prices and stock returns of both sectors. The findings suspect that management performance or prospects of the two sectors will trigger synergy in creating a unidirectional relationship between stock prices and stock returns.

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

Abbrev

cfabr

Publisher

Yayasan Widyantara Nawasena Raharja

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

The Contrarian: Finance, Accounting, and Business Research (CFABR) is a double peer-reviewed journal published by the Yayasan Widyantara Nawasena Raharja. The Contrarian: Finance, Accounting, and Business Research (CFABR) will publish the articles bi-annually. The article submitted to The ...