Ega Arminta
Universitas Diponegoro

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Effect of the Covid-19 Pandemic on Stock Market Return With Macro Indicators as Control Variables in Indonesia and Malaysia Ega Arminta; Irene Rini Demi Pangestuti
BISNIS Vol 10, No 2 (2022): BISNIS: Jurnal Bisnis dan Manajemen Islam
Publisher : Fakultas Ekonom dan Bisnis Islam Institut Agama Islam Negeri (IAIN) Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/bisnis.v10i2.15402

Abstract

This research aims to examine the positive COVID-19 variable, the COVID-19 death variable, the COVID-19 vaccination variable, and the currency exchange rate variable as a control variable for stock market returns in Indonesia and Malaysia. The population in the test is a combination of the main indexes of the Indonesian and Malaysian stock exchanges. Sample selection using a purposive sampling method. The analytical tool used in this study is multiple linear regression analysis with 104 observational data for the period 2021-2022. The test results show that the positive COVID-19 confirmation variable has no significant effect, the COVID-19 death confirmation variable has a significant positive effect, and the COVID-19 vaccination variable has no significant effect on stock market returns