<![CDATA[The aim of the research is to analyze the impact of COVID-19 on thestock performance of State-Owned Enterprises (BUMN). The researchsample is the shares of BUMN companies. The sampling technique usedin this research is purposive sampling. The number of samples that metthe research criteria were 19 state-owned companies. The method usedto analyze the CAPM. The results of the analysis prior to COVID-19found that five state-owned companies were efficient shares. The resultsof the analysis at the time of COVID-19 obtained that fifteen BUMNcompanies were efficient shares. The results of the different tests on theperformance of BUMN shares before and during COVID-19 concludedthat there were differences. The results of the study show that withCOVID-19 the feasibility of state-owned company shares has changed.]]>
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