International Journal of Application on Economics and Business
Vol. 1 No. 2 (2023): May 2023

THE IMPACT OF COVID-19 ON STOCK MARKET RETURNS

Jessica, Jessica (Unknown)
Yanti, Yanti (Unknown)



Article Info

Publish Date
20 May 2023

Abstract

This study is done to analyze the effect of COVID-19 on stock returns in manufacturing companies listed on the Indonesian Stock Exchange (IDX) from March 2, 2020 to December 31, 2020. Sample was selected using purposive sampling method and the valid data was 167 companies. This study uses a fixed effect model and multiple linear regression analysis and analyzed utilizing EViews 12. The results in this study indicate that the daily growth in total confirmed COVID-19 cases, daily growth in total COVID-19 deaths and Large-Scale Social Restrictions (PSBB) has a negative significant effect on stock returns, while daily growth in total recovered COVID-19 cases has an insignificant effect on stock returns.

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Journal Info

Abbrev

ijaeb

Publisher

Subject

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

Description

International Journal of Application on Economics and Business (IJAEB) contains articles on the following topics: Entrepreneurship studies, Business studies, Management studies, Accounting studies, Economics ...