The Influence of the COVID-19 Pandemic on Stock Market Returns in Indonesia Stock Exchange |
HERWANY, Aldrin
(Department of Management, Faculty of Economics and Business, Universitas Padjadjaran)
FEBRIAN, Erie (Department of Management, Faculty of Economics and Business, Universitas Padjadjaran) ANWAR, Mokhamad (Department of Management, Faculty of Economics and Business, Universitas Padjadjaran) GUNARDI, Ardi (Department of Management, Faculty of Economics and Business, Universitas Padjadjaran) |
1 | Suganda, T. R. (2018). Event Study Teori dan Pembahasan Reaksi Pasar Modal Indonesia. Malang: CV. Seribu Bintang. |
2 | UNICEF. (2020). Coronavirus disease (COVID-19): What parents should know. UNICEF. |
3 | Wagner, A. F. (2020). What the stock market tells us about the post-COVID-19 world. Nature Human Behaviour. https://doi.org/10.1038/s41562-020-0869-y DOI |
4 | Zoogah, D. B. (Ed.). (2014). Advancing Research Methodology in The African Context Techniques, Methods, and Designs. United Kingdom: Emerald Group Publishing Limited |
5 | Alam, M. N., Alam, M. S., & Chavali, K. (2020). Stock Market Response during COVID-19 Lockdown Period in India: An Event Study. The Journal of Asian Finance, Economics and Business, 7(7), 131-137. https://doi.org/10.13106/jafeb.2020. vol7.no7.131 DOI |
6 | 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 DOI |
7 | Bank Indonesia Bank Sentral Republik Indonesia. (2020). Strengthening accommodative macroprudential policies to support economic financing. Kajian Stabilitas Keuangan. |
8 | Camba, A. L., & Camba Jr., A. C. (2020). The Effect of COVID-19 Pandemic on the Philippine Stock Exchange, Peso-Dollar Rate and Retail Price of Diesel. The Journal of Asian Finance, Economics and Business, 7(10), 543-553. https://doi.org/10.13106/jafeb.2020.vol7.no10.543 DOI |
9 | Chen, N. -F., Roll, R., & Ross, S. A. (1986). Economic Forces and the Stock Market. The Journal of Business, 59, 383-403. DOI |
10 | Das, S., & Chatterjee, S. (2012). Multicollinearity Problem - Root Cause, Diagnostics and Way Outs. SSRN Electronic Journal, 1-17. https://doi.org/10.2139/ssrn.1830043 DOI |
11 | Elton, E. J., Gruber, M. J., Brown, S. J., & Goetzmann, W. N. (2007). Modern Portfolio Theory and Investment Analysis (Seventh). United States of America: John Willey & Sons, Inc. |
12 | Goodell, J. W. (2020). COVID-19 and finance: Agendas for future research. Finance Research Letters, 101512. https://doi.org/10.1016/j.frl.2020.101512 DOI |
13 | Hongsakulvasu, N., & Liammukda, A. (2020). The Risk-Return Relationship in Crude Oil Markets during COVID-19 Pandemic: Evidence from Time-Varying Coefficient GARCH-in-Mean Model. The Journal of Asian Finance, Economics and Business, 7(10), 63-71. https://doi.org/10.13106/jafeb.2020.vol7.no10.063 DOI |
14 | Ichev, R., & Marinc, M. (2018). Stock prices and geographic proximity of information: Evidence from the Ebola outbreak. International Review of Financial Analysis, 56, 153-166. https://doi.org/10.1016/j.irfa.2017.12.004 DOI |
15 | Khanthavit, A. (2020). Foreign Investors' Abnormal Trading Behavior in the Time of COVID-19. The Journal of Asian Finance, Economics and Business, 7(9), 63-74. https://doi.org/10.13106/jafeb.2020.vol7.no9.063 DOI |
16 | Lee, C. -F., Chen, H. -Y., & Lee, J. (2019). Financial Econometrics, Mathematics and Statistics. https://doi.org/10.1007/978-1-4939-9429-8 DOI |
17 | Liu, H., Manzoor, A., Wang, C., Zhang, L., & Manzoor, Z. (2020). The COVID-19 Outbreak and Affected Countries Stock Markets Response. (Table 1), 1-19. |
18 | Panayides, P. M., & Gong, X. (2002). The Stock Market Reaction to Merger and Acquisition Announcements in Liner Shipping. International Journal of Maritime Economics, 4(1), 55-80. https://doi.org/10.1057/palgrave/ijme/9100030 DOI |
19 | Ramelli, S., & Wagner, A. F. (2020). Feverish Stock Price Reactions to COVID-19. CEPR Discussion Paper No. DP14511. |
20 | Samsul, M. (2006). Pasar Modal & Manajemen Portofolio. Jakarta: Erlangga. |