paper.io

agar io

wowcappadocia.com cappadocia tours
cappadocia-hotels.com cappadocia hotels
caruscappadocia.com cappadocia hotel
brothersballoon.com cappadocia balloon
balloon-rides.net cappadocia balloon flights

wormax io

rolex replica

The Reaction of the Sharia Stock Market in the Early Days of the Covid-19 Pandemic in Indonesia

Abstract

Yulian Bayu Ganar, Agrasadya, Mohamad Duddy Dinantara, Muger Apriansyah, Sahroni, Zulfitra, Sri Retnaning Sampurnaningsih, Rachmawaty, Noryani, Widya Intan Sari, Waluyo Jati, Masno Marjohan, Sarwani, Ali Maddinsyah, Denok Sunarsi

In 2020, Indonesia was affected by the Corona Virus Pandemic outbreak known as Covid-19. This pandemic has spread globally in almost all over the world. As a result, countries in Indonesia and almost all countries around the world reduce their economic activities. With the existence of this pandemic, researchers are trying to test its impact on the capital market in Indonesia, especially on Islamic stocks in Indonesia, namely the Indonesian Sharia Stock Index (ISSI) and the Jakarta Islamic Index (JII). This research is also to contribute to the Market Efficiency Theory which was first presented by Fama (1970) and then further developed in 1991 by Fama, using an event study. Researchers specifically tested Market Efficiency Theory during the Covid-19 pandemic in Indonesia. Researchers took a sample of each Islamic stock index, namely the closing stock price and stock trading volume (liquidity), as many as 21 stock exchange days in March 2020 compared to the 21 exchange days for the sample observation in March of the previous year. Samples and observations were also taken 21 stock exchange days before and after the announcement of the Covid-19 pandemic in Indonesia on March 2, 2020. The method used in the study was the Event Study with Least Square Regression Method using Eviews 9 software. The study aimed to test the impact. the coronavirus pandemic event on the Islamic stock index in Indonesia. The research results are expected to be used as consideration for companies, investors, and stakeholders in anticipating future pandemic events.

Most Viewed Articles
  • Dental Development between Assisted Reproductive Therapy (Art) and Natural Conceived Children: A Comparative Pilot Study Norzaiti Mohd Kenali, Naimah Hasanah Mohd Fathil, Norbasyirah Bohari, Ahmad Faisal Ismail, Roszaman Ramli SRP. 2020; 11(1): 01-06 » doi: 10.5530/srp.2020.1.01
  • Psychometric properties of the World Health Organization Quality of life instrument, short form: Validity in the Vietnamese healthcare context Trung Quang Vo*, Bao Tran Thuy Tran, Ngan Thuy Nguyen, Tram ThiHuyen Nguyen, Thuy Phan Chung Tran SRP. 2020; 11(1): 14-22 » doi: 10.5530/srp.2019.1.3
  • A Review of Pharmacoeconomics: the key to “Healthcare for All” Hasamnis AA, Patil SS, Shaik Imam, Narendiran K SRP. 2019; 10(1): s40-s42 » doi: 10.5530/srp.2019.1s.21
  • Deuterium Depleted Water as an Adjuvant in Treatment of Cancer Anton Syroeshkin, Olga Levitskaya, Elena Uspenskaya, Tatiana Pleteneva, Daria Romaykina, Daria Ermakova SRP. 2019; 10(1): 112-117 » doi: 10.5530/srp.2019.1.19
Most Downloaded
  • Dental Development between Assisted Reproductive Therapy (Art) and Natural Conceived Children: A Comparative Pilot Study Norzaiti Mohd Kenali, Naimah Hasanah Mohd Fathil, Norbasyirah Bohari, Ahmad Faisal Ismail, Roszaman Ramli SRP. 2020; 11(1): 01-06 » doi: 10.5530/srp.2020.1.01
  • Manilkara zapota (L.) Royen Fruit Peel: A Phytochemical and Pharmacological Review Karle Pravin P, Dhawale Shashikant C SRP. 2019; 10(1): 11-14 » doi: 0.5530/srp.2019.1.2
  • Pharmacognostic and Phytopharmacological Overview on Bombax ceiba Pankaj Haribhau Chaudhary, Mukund Ganeshrao Tawar SRP. 2019; 10(1): 20-25 » doi: 10.5530/srp.2019.1.4
  • A Review of Pharmacoeconomics: the key to “Healthcare for All” Hasamnis AA, Patil SS, Shaik Imam, Narendiran K SRP. 2019; 10(1): s40-s42 » doi: 10.5530/srp.2019.1s.21
  • A Prospective Review on Phyto-Pharmacological Aspects of Andrographis paniculata Govindraj Akilandeswari, Arumugam Vijaya Anand, Palanisamy Sampathkumar, Puthamohan Vinayaga Moorthi, Basavaraju Preethi SRP. 2019; 10(1): 15-19 » doi: 10.5530/srp.2019.1.3