Analisis Pengaruh Covid-19 terhadap Indeks Saham Gabungan Indonesia Periode Maret 2020 – Oktober 2020

Hery Haryanto

Sari


Abstrak

Stock market index is very be affected any issues. In previous research, it was found that several major issues had a significant effect, such as the environment, disasters, political work and pandemic diseases. The increasing transmission of Covid-19 has had a significant influence on stock markets performance in any countries whole world. Purpose of this research is to find impact of Covid-19 pandemic which is daily case confirmations, number of daily deaths, number of daily recoveries and travel bans on Indonesia Stock Exchange during period March 2020 to October 2020. The results show daily case confirmations, the number of recoveries. and travel bans do not have a significant impact on the Indonesia Stock Exchange. While variable number of covid-19 deaths has a significant effect.

 

Keywords: Covid-19; Daily Case; Daily Health; Travel Bans; IHSG

 


Teks Lengkap:

PDF

Referensi


Al-Awadhi, A. M., Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns. Journal of Behavioral and Experimental Finance, 27, 100326. https://doi.org/10.1016/j.jbef.2020.100326

Albab Al Umar, A. U., Pitaloka, H., Hartati, E. R., & Fitria, D. (2020). The Economic Impact of the Covid-19 Outbreak : Evidence from Indonesia. Jurnal Inovasi Ekonomi, 5(3), 71–76. https://doi.org/10.22219/jiko.v5i3.11889

Anh, D. L. T., & Gan, C. (2020). The impact of the COVID-19 lockdown on stock market performance: evidence from Vietnam. Journal of Economic Studies. https://doi.org/10.1108/JES-06-2020-0312

Apergis, N., & Apergis, E. (2020). The role of Covid-19 for Chinese stock returns: evidence from a GARCHX model. Asia-Pacific Journal of Accounting and Economics, 00(00), 1–9. https://doi.org/10.1080/16081625.2020.1816185

Ashraf, B. N. (2020). Stock markets’ reaction to COVID-19: Cases or fatalities? Research in International Business and Finance, 54(May), 101249. https://doi.org/10.1016/j.ribaf.2020.101249

Beutels, P., Jia, N., Zhou, Q. Y., Smith, R., Cao, W. C., & De Vlas, S. J. (2009). The economic impact of SARS in Beijing, China. Tropical Medicine and International Health, 14(SUPPL. 1), 85–91. https://doi.org/10.1111/j.1365-3156.2008.02210.x

Chia, R. C. J., Liew, V. K. Sen, & Rowland, R. (2020). Daily new COVID-19 cases, the movement control order, and Malaysian stock market. International Journal of Business and Society, 21(2), 553–568.

Goodell, J. W. (2020). COVID-19 and finance: Agendas for future research. Finance Research Letters, 35(March). https://doi.org/10.1016/j.frl.2020.101512

He, Q., Liu, J., Wang, S., & Yu, J. (2020). The impact of COVID-19 on stock markets. Economic and Political Studies, 0(0), 1–14. https://doi.org/10.1080/20954816.2020.1757570

Keogh-Brown, M. R., & Smith, R. D. (2008). The economic impact of SARS: How does the reality match the predictions? Health Policy, 88(1), 110–120. https://doi.org/10.1016/j.healthpol.2008.03.003

Khan, K., Zhao, H., Zhang, H., Yang, H., Shah, M. H., & Jahanger, A. (2020). The impact of COVID-19 pandemic on stock markets: An empirical analysis of world major stock indices. Journal of Asian Finance, Economics and Business, 7(7), 463–474. https://doi.org/10.13106/jafeb.2020.vol7.no7.463

Narayan, P. K., Phan, D. H. B., & Liu, G. (2020). COVID-19 lockdowns, stimulus packages, travel bans, and stock returns. Finance Research Letters, June, 101732. https://doi.org/10.1016/j.frl.2020.101732

Putri, H. T. (2020). Covid 19 dan harga saham perbankan di Indonesia. Eksis: Jurnal Ilmiah Ekonomi Dan Bisnis, 11(1), 6–9. https://doi.org/10.33087/eksis.v11i1.178

Salisu, A. A., & Vo, X. V. (2020). Predicting stock returns in the presence of COVID-19 pandemic: The role of health news. International Review of Financial Analysis, 71(June), 101546. https://doi.org/10.1016/j.irfa.2020.101546

Supomo, I. and. (2002). Metodologi Penelitian Bisnis untuk Akuntansi dan Manajemen Pertama (Vol. 1, p. 2002). Fakultas Ekonomika dan Bisnis UGM. http://slims.umn.ac.id/index.php?p=show_detail&id=5723

Yang, Y., Li, W., Zhang, Q., Zhang, L., Cheung, T., & Xiang, Y. T. (2020). Mental health services for older adults in China during the COVID-19 outbreak. The Lancet Psychiatry, 7(4), e19. https://doi.org/10.1016/S2215-0366(20)30079-1

Zhang, D., Hu, M., & Ji, Q. (2020). Financial markets under the global pandemic of COVID-19. Finance Research Letters, 36(March), 101528. https://doi.org/10.1016/j.frl.2020.101528




DOI: https://doi.org/10.37531/yum.v4i3.1044

Refbacks

  • Saat ini tidak ada refbacks.


Lisensi Creative Commons
Ciptaan disebarluaskan di bawah Lisensi Creative Commons Atribusi-BerbagiSerupa 4.0 Internasional
Web Analytics Made Easy - StatCounter