The Covid-19 Pandemic's Impact On Financial Performance And Market Performance In Nine Indonesian Business Sectors
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 01
Abstract
This study compared trading volume activity before and after the COVID-19 pandemic, the first large-scale social restrictions, the New Normal, and the second large-scale social restrictions at LQ Companies. It also examined differences in stock prices, stock returns, the Composite Stock Price Index, market returns, and trading prices. -45. Data analysis compares stock prices, stock returns, the Composite Stock Price Index, market returns, and stock trading volumes before and during the Covid-19 epidemic as part of this research's event study methodology. Despite the variations in test results for each event, it is clear that the pandemic has affected stock portfolio performance on the Indonesian Capital Market. The first appearance of Covid-19 in Indonesia significantly impacted how the capital market there performed. The findings indicated that the pandemic hurt the market. Before the COVID-19 pandemic, the average stock return was higher than during the pandemic. A pandemic tends to cause changes in it. The findings suggest that while waiting for the capital market to become favorable during a pandemic, investors should be more discriminating when investing in the capital market, particularly in conservative products like mutual funds.
Authors and Affiliations
Lis Sintha Oppusunggu, Lela Nurlaela Wati, Heri Ispriyahadi
Keywords
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- EP ID EP726715
- DOI 10.47191/jefms/v6-i1-43
- Views 18
- Downloads 0
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