DIJB (Diponegoro International Journal of Business)
Vol 6, No 1 (2023)

Deaths and diseases: The impact of Covid-19 in Indonesian stock return

Kris Brantas Abiprayu (Department of Management, Universitas Negeri Semarang, Indonesia)
Ascariena Rafinda (Department of Management, Universitas Negeri Semarang, Indonesia)
Bayu Wiratama (Department of Management, Universitas Negeri Semarang, Indonesia)

Article Info

Publish Date
30 Jun 2023

Abstract

This study aims to determine whether COVID-19 can have an impact on the stock market returns in the Indonesia Stock Exchange, especially on the LQ45 Index. This study uses secondary data, spesifically confirmed positive cases of COVID-19 and cases of death due to COVID-19 during the period 1 April to 30 June 2020 obtained from the official website of the Komite Penanganan COVID-19 dan Pemulihan Ekonomi Nasional - SATGAS Penanganan COVID-19. This study uses a panel data regression method to test the hypothesis. Our findings show that confirmed positive cases of COVID-19 and cases of death due to COVID-19 have a positive effect on stock market returns on the LQ45 Index.

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Journal Info
DIJB (Diponegoro International Journal of Business)
Website

Abbrev

ijb

Publisher

Universitas Diponegoro

Subject

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

Description

Diponegoro International Journal of Business (DIJB) is a biannually peer-reviewed journal issued by Department of Management, Faculty of Economics and Business, Universitas Diponegoro. DIJB aims to be the media for publishing empirical issues related to business studies. DIJB invites manuscripts in ...