Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences
Vol 5, No 2 (2022): Budapest International Research and Critics Institute May

Analysis of Abnormal Return before and after the Announcement of Covid – 19 in Companies Engaged in the Hotel Sector

Joshua Perkasa Naibaho (Unknown)
Martua E. Tambunan (Unknown)
Ketut Silvanita (Unknown)



Article Info

Publish Date
28 Apr 2022

Abstract

The rate of return on shares that benefit investors will have an impact on the level of investor interest in investing in companies that issue shares. However, the presence of the Covid-19 Virus has almost destroyed the Indonesian economy and even the world. Many businesses have to lose and result in employee layoffs being unavoidable. Therefore, many are interested in playing stocks in order to benefit from the remaining savings. This study aims to determine whether there are differences in abnormal returns before, and after the announcement of the first COVID-19. The period taken is January 02, 2020 to March 9, 2020 or 5 days before and 5 days after the announcement of the pandemic in Indonesia. By using the abnormal return calculation method with a single index model. These results are expected to help investors in choosing the right stocks to become active investors and dare to take high risks by actively buying and selling shares.

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Journal Info

Abbrev

birci

Publisher

Subject

Religion Arts Humanities Economics, Econometrics & Finance Social Sciences

Description

Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences is a peer-reviewed journal published in February, May, August and November by Budapest International Research and Critics University Journal (BIRCU-Journal). BIRCI welcomes research papers in ...