The Effect Of The Stock Market Reaction To The Events Of The Covid 19 Pandemic In The Pharmaceutical Sector In The Indonesia Stock Exchange

Imroatussaniyyah Caesaria, Sudarto Sudarto, Intan Shaferi

Abstract


The Indonesian capital market is an important component that can affect the country's economic progress. During the Covid-19 period, there was rapid growth in the pharmaceutical company's capital market. This study aims to analyze the effect of stock prices and stock sales volume on the Covid 19 pandemic in the pharmaceutical sector on the Indonesia Stock Exchange. This research is an event study, a research conducted based on the impact of the announcement of securities price information. This study shows that there is no difference in abnormal returns before and after the announcement of the covid-19 pandemic.

Keywords: Capital Market, Stock Price, Stock Trading Volume, Covid 19 Pandemic


Full Text:

PDF

References


AM Al-Awadhi, K. Al-Saifi, (2020). Death and contagious infectious diseases: impact of the COVID-19 virus on stock market returns. Journal of Experimental Finance Behavior.100326

Ashraf, BN, 2020. Stock markets' reaction to COVID-19: Cases or fatalities? Research in International Business and Finance, 54, 101249.

Gunarso, P., Jason, N., Ani, RD (2021). The Impact of the Covid-19 Announcement on Stock Prices and Volumes in the Pharmaceutical Industry in Indonesia. Jutnal Management and Business Review, 5(2): 325-335.

Mulyanti, D. (2017). Corporate Financial Management. ACCURATE Journal, 8:62-71.

Ramli, M., Mulono, A. (2020). Financial Management to Improve the Family Economy during the Covid- 19 Pandemic. BAPPEDA Journal, X(X).

Rodiyah. (2016). Family financial management in order to lead a prosperous family. Forum: Social Science Development Magazine, 40 (1): 28-33.

Siyamto, Y., Asron. S. (2020). Family Financial Analysis during the Covid-19 Pandemic.SNISTEK Journal, 3. ISBN 978-602-52829-2-8


Refbacks

  • There are currently no refbacks.