The COVID-19 Outbreak and Stock Market Return: Evidence from Indonesia
This study investigates the impact of Coronavirus disease 2019 (COVID-19) outbreak on stock market returns in Indonesia stock exchange. Number of positive cases, mortality, recovery, and capital market data were collected for 136 days since the first case was announced in Indonesia (2 March 2020). P...
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doaj-35f4ce54b2f24119b070cd9e36e190f72021-05-05T08:00:21ZengUniversitas Syiah KualaJurnal Dinamika Akuntansi dan Bisnis2355-94622528-11432021-03-0181475810.24815/jdab.v8i1.1893412477The COVID-19 Outbreak and Stock Market Return: Evidence from IndonesiaNurcahyono Nurcahyono0Ayu Noviani Hanum1Fatmasari Sukesti2Universitas Muhammadiyah SemarangUniversitas Muhammadiyah SemarangUniversitas Muhammadiyah SemarangThis study investigates the impact of Coronavirus disease 2019 (COVID-19) outbreak on stock market returns in Indonesia stock exchange. Number of positive cases, mortality, recovery, and capital market data were collected for 136 days since the first case was announced in Indonesia (2 March 2020). Panel data regression was employed to test the research hypothesis. The results show that COVID-19 has a negative impact on Indonesian stock market returns. The growth of positive case and deaths decreased the market returns. Meanwhile, the increase of recovered cases is a positive signal for the capital market but it has not contributed to the rise of stock prices and market returns.http://jurnal.unsyiah.ac.id/JDAB/article/view/18934stock market return, covid 19, indonesia stock exchange, government policy. |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Nurcahyono Nurcahyono Ayu Noviani Hanum Fatmasari Sukesti |
spellingShingle |
Nurcahyono Nurcahyono Ayu Noviani Hanum Fatmasari Sukesti The COVID-19 Outbreak and Stock Market Return: Evidence from Indonesia Jurnal Dinamika Akuntansi dan Bisnis stock market return, covid 19, indonesia stock exchange, government policy. |
author_facet |
Nurcahyono Nurcahyono Ayu Noviani Hanum Fatmasari Sukesti |
author_sort |
Nurcahyono Nurcahyono |
title |
The COVID-19 Outbreak and Stock Market Return: Evidence from Indonesia |
title_short |
The COVID-19 Outbreak and Stock Market Return: Evidence from Indonesia |
title_full |
The COVID-19 Outbreak and Stock Market Return: Evidence from Indonesia |
title_fullStr |
The COVID-19 Outbreak and Stock Market Return: Evidence from Indonesia |
title_full_unstemmed |
The COVID-19 Outbreak and Stock Market Return: Evidence from Indonesia |
title_sort |
covid-19 outbreak and stock market return: evidence from indonesia |
publisher |
Universitas Syiah Kuala |
series |
Jurnal Dinamika Akuntansi dan Bisnis |
issn |
2355-9462 2528-1143 |
publishDate |
2021-03-01 |
description |
This study investigates the impact of Coronavirus disease 2019 (COVID-19) outbreak on stock market returns in Indonesia stock exchange. Number of positive cases, mortality, recovery, and capital market data were collected for 136 days since the first case was announced in Indonesia (2 March 2020). Panel data regression was employed to test the research hypothesis. The results show that COVID-19 has a negative impact on Indonesian stock market returns. The growth of positive case and deaths decreased the market returns. Meanwhile, the increase of recovered cases is a positive signal for the capital market but it has not contributed to the rise of stock prices and market returns. |
topic |
stock market return, covid 19, indonesia stock exchange, government policy. |
url |
http://jurnal.unsyiah.ac.id/JDAB/article/view/18934 |
work_keys_str_mv |
AT nurcahyononurcahyono thecovid19outbreakandstockmarketreturnevidencefromindonesia AT ayunovianihanum thecovid19outbreakandstockmarketreturnevidencefromindonesia AT fatmasarisukesti thecovid19outbreakandstockmarketreturnevidencefromindonesia AT nurcahyononurcahyono covid19outbreakandstockmarketreturnevidencefromindonesia AT ayunovianihanum covid19outbreakandstockmarketreturnevidencefromindonesia AT fatmasarisukesti covid19outbreakandstockmarketreturnevidencefromindonesia |
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1721467740663840768 |