The Impact of the Covid-19 Pandemic on the Stock Market: Empirically (Analysis of Indonesia's Major Stock Index)

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William Tjong
Michael Michael

Abstract

This study aims to investigate the impact of the COVID-19 pandemic on major stock indexes in Indonesia. Researchers construct weekly data panels from stock index returns, new cases of the COVID-19 pandemic and new confirmed cases of the COVID-19 pandemic. Pooled OLS regression, conventional t-test and Mann Whitney test were used to estimate the results in this study. The results in this study show that new cases of the COVID-19 pandemic and new confirmed cases of the COVID-19 pandemic are significantly related to weekly stock index returns, then this study shows that there is a difference in weekly returns before the COVID-19 pandemic with weekly returns when occurrence of the COVID-19 pandemic.

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How to Cite
Tjong, W., & Michael, M. (2021). The Impact of the Covid-19 Pandemic on the Stock Market: Empirically (Analysis of Indonesia’s Major Stock Index). Enrichment : Journal of Management, 12(1), 114-119. Retrieved from https://enrichment.iocspublisher.org/index.php/enrichment/article/view/166

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