UBMJ (UPY Business and Management Journal)
Vol. 3 No. 2 (2024): UBMJ (UPY Business and Management Journal)

Event Study Analysis of The Lock Down Tourism, Hospitality, Restaurant and Pharmaceuntical Sub-Sector in Indonesia

Putranti (SINTA ID: 6712751), Latifah (Unknown)
Agista Cahya Nirmala (Unknown)



Article Info

Publish Date
22 Jul 2024

Abstract

Purpose: This research aims to find out whether there are differences in stockreturns and stock trading volume before and after the announcement of the firstPSBB in Indonesia on March 31, 2020, in the tourism, hotel and restaurant subsector - the pharmaceutical sub-sector listed on the Indonesia Stock Exchange. Methodology: The population in this study were all companies in the tourism,hospitality and restaurant sub-sector - pharmaceutical sub-sector registered onthe IDX in 2020. The samples obtained from predetermined criteria were 14 forthe tourism, hotel and restaurant sub-sector and 9 for the pharmaceutical subsector. This research took place for 27 weeks (6 months) before and 27 weeks (6months) after the PSBB announcement. This research is quantitative researchusing secondary data. The data analysis method used is descriptive analysis,normality test (Kolmogorov Smirnov), and difference test (Wilcoxon Sign RankTest). Findings: The results of the weekly difference test of returns and stock tradingvolume in these two sectors, on average, did not experience significantdifferences

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Journal Info

Abbrev

ubmj

Publisher

Subject

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

Description

UBMJ (UPY Business and Management Journal) is open access, peer-reviewed journal whose objectives is to publish original research papers related to the business and management fields. This journal is also dedicated to disseminating the published articles freely for international academicians, ...