BISNIS : Jurnal Bisnis dan Manajemen Islam
Vol 10, No 2 (2022): BISNIS: Jurnal Bisnis dan Manajemen Islam

Effect of the Covid-19 Pandemic on Stock Market Return With Macro Indicators as Control Variables in Indonesia and Malaysia

Arminta, Ega (Unknown)
Pangestuti, Irene Rini Demi (Unknown)



Article Info

Publish Date
27 Dec 2022

Abstract

This research aims to examine the positive COVID-19 variable, the COVID-19 death variable, the COVID-19 vaccination variable, and the currency exchange rate variable as a control variable for stock market returns in Indonesia and Malaysia. The population in the test is a combination of the main indexes of the Indonesian and Malaysian stock exchanges. Sample selection using a purposive sampling method. The analytical tool used in this study is multiple linear regression analysis with 104 observational data for the period 2021-2022. The test results show that the positive COVID-19 confirmation variable has no significant effect, the COVID-19 death confirmation variable has a significant positive effect, and the COVID-19 vaccination variable has no significant effect on stock market returns

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Journal Info

Abbrev

Bisnis

Publisher

Subject

Description

Focus Jurnal Bisnis UIN Sunan Kudus focuses on the publication of scholarly articles in the field of Sharia-based business, integrating Islamic values with contemporary business practices. Scope of Journal The journal covers studies in Islamic management and business, including Islamic marketing, ...