Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences
Vol 5, No 3 (2022): Budapest International Research and Critics Institute August

The Impact of COVID-19 Social and Public Activity Restrictions and Vaccination on Stock Returns in Indonesia

Willyandi Tairas (Unknown)
Sung Suk Kim (Unknown)

Article Info

Publish Date
29 Jul 2022

Abstract

This study investigates both coronavirus disease (COVID-19) social and public activity restrictions as well as vaccination impact on stock returns of 351 listed companies in Indonesia. This study utilizes panel-data regression models, with the period of 2 March 2020 to 31 October 2021. Through this study, it is confirmed that lockdown did not significantly impact stock returns of listed firms. However, those listed firms’ stock returns were positively and significantly affected by vaccination.

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Journal Info
Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences
Website

Abbrev

birci

Publisher

Budapest International Research and Critics University Journal

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 ...