Reaksi Pasar Terhadap Penerapan Kebijakan Pembatasan Sosial Berskala Besar Tahap I Perusahaan Sektor Kesehatan BEI
Abstract
This study aims to prove the information content of the implementation of the Phase I PSBB policy in Indonesia, which caused a market reaction as indicated by the abnormal return in the health sector on the Indonesia Stock Exchange. The observation period is carried out for 11 working days on the Indonesia Stock Exchange. This research is a type of event study research which is used to measure market efficiency and the impact of an event. The method of determining the sample in this research is non-probability sampling method and the sampling technique is using purposive sampling technique with a total sample of 17 companies. The results of the one sample t-Test test showed that the market had a significant positive reaction to the event that the implementation of the PSBB policy phase I on health sector companies on the Indonesia Stock Exchange was rejected, which means the market did not react to the event.
Keywords: PSBB; Market Reaction; Event Study; Abnormal Return.
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References
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He, P., Sun, Y., Zhang, Y., & Li, T. (2020). COVID–19’s Impact on Stock Prices Across Different Sectors—An Event Study Based on the Chinese Stock Market. Emerging Markets Finance and Trade, 56(10), 2198–2212. https://doi.org/10.1080/1540496X.2020.1785865
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Karim, R., & Saba, S. A. (2021). COVID-19 and Stock Return : Empirical Evidence from Developing Economy. July. https://doi.org/10.5281/zenodo.5108094
Khoiriah, M., Amin, M., & Kartikasari, A. F. (2020). Pengaruh Sebelum Dan Saat Adanya Pandemi Covid-19 Terhadap Saham Lq-45 Di Bursa Efek Indonesia Tahun 2020. E-Jra, 09(02), 117–126. http://www.riset.unisma.ac.id/index.php/jra/article/view/8538
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Lestari, M. I. (2020). Signifikansi Pengaruh Sentimen Pemberlakuan PSBB Terhadap Aspek Ekonomi. Jurnal Bina Akuntansi, 7(2), 223–239. https://wiyatamandala.e-journal.id/JBA/article/view/98
Le, D., & Anh, T. (2020). The impact of the COVID-19 lockdown on stock market performance : evidence from Vietnam. September. https://doi.org/10.1108/JES-06-2020-0312
Liu, H. Y., Wang, Y., He, D., & Wang, C. (2020). Short term response of Chinese stock markets to the outbreak of COVID-19. Applied Economics, 52(53), 5859–5872. https://doi.org/10.1080/00036846.2020.1776837
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Mailangkay, F. A., Mangantar, M., & Tulung, J, E. (2021). Perhotelan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal EMBA Vol. 9 No. 3 Juli 202, Hal . 640 -. 9(3), 640–647.
Nazir, M. (1988). MetodePenelitian. Jakarta: Ghalia Indonesia.
Njindan Iyke, B. (2020). The Disease Outbreak Channel of Exchange Rate Return Predictability: Evidence from COVID-19. Emerging Markets Finance and Trade, 56(10), 2277–2297. https://doi.org/10.1080/1540496X.2020.1784718
Nuryana, I. (2017). Analisis Reaksi Pasar Modal terhadap Pengangkatan Joko Widodo sebagai Presiden Republik Indonesia. Referensi: Jurnal Ilmu Manajemen Dan Akuntansi, 4(2), 1–9.
Putri, T. N. A. (2020). Reaksi Pasar Modal Indonesia Terhadap Fluktuasi Rupiah Atas Pandemi Covid-19 (Studi Pada Perusahaan Yang Terdaftar Pada Lq45 Di Bursa Efek Indonesia). E-Jurnal Ilmiah FEB Universitas Brawijaya, 8(2), 1–9.
Pham, H. N. A., Ramiah, V., Moosa, I., & Nguyen, J. H. (2017). The effects of regulatory announcements on risk and return: the Vietnamese experience. Pacific Accounting Review.
Paramitha, D. (2019). Analisis reaksi pasar atas pengumuman stock split. E-Jurnal Akuntansi Universitas Udayana, 27(3), 1897–1924.
Rahmawati, A., Atahau, A. D. ., & Sakti, I. manuel M. (2020). Reaksi Pasar Modal Atas Pemberlakuan PSBB di Tengah Pandemi Covid 19. Of Banking and Financial Technology, 1(02), 58–66. https://edumediasolution.com/index.php/jbft/article/view/32
Ramadhan, R. R. (2020). Reaksi Pasar Sebelum dan Sesudah Peristiwa Pengumuman Virus Covid-19 oleh Presiden Joko Widodo. Jurnal Ilmu Manajemen, December 2020, 0–14.
Rori, A., Mangantar, M., & Maramis, J. B. (2021). Reaksi Pasar Modal Terhadap Pengumuman Pembatasan Sosial Berskala Besar (Psbb) Akibat Covid-19 Pada Industri Telekomunikasi Di Bei. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 9(1), 851–858. https://doi.org/10.35794/emba.v9i1.32620
Saputra, M. Y., Yetti, F., & Hidayati, S. (2021). Analisis Abnormal Return Sebelum Dan Saat Pandemi Covid-19 Terhadap Saham Sektor Food and Beverages. Konferensi Riset Nasional Ekonomi, Manajemen, Dan Akuntansi, 2, 839–848.
Sambuari, I. B., Saerang, I. S., & Maramis, J. B. (2020). Reaksi Pasar Modal Terhadap Peristiwa Virus Corona (Covid-19) Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia. JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 7(2).
Sari, L. G. H. P., & Gayatri, G. (2018). Perbedaan Abnormal Return Sebelum dan Sesudah Pemilihan Umum Gubernur DKI Jakarta Tahun 2017. E-Jurnal Akuntansi, 24, 1413. https://doi.org/10.24843/eja.2018.v24.i02.p22
Septina. L. Siahaya, J. V. L. (2021). Analisis return sebelum dan sesudah kebijakan pembatasan sosial berskala besar pada perusahaan sektor perbankan bumn yang terdaftar di bursa efek indonesia. Intelektiva : Jurnal Ekonomi, Sosial & Humaniora, 2(06), 8–17.
Singh, B., Dhall, R., Narang, S., & Rawat, S. (2020). The Outbreak of COVID-19 and Stock Market Responses: An Event Study and Panel Data Analysis for G-20 Countries. Global Business Review. https://doi.org/10.1177/0972150920957274
Siahaya, S. L., & Litamahuputty, J. V. (2021). Analisis Return Sebelum dan Sesudah Kebijakan Pembatasan Sosial Berskala Besar pada Perusahaan Sektor Perbankan BUMN yang Terdaftar di Bursa Efek Indonesia. JURNAL EKONOMI, SOSIAL & HUMANIORA, 2(06), 8–17.
Suganda, T. R. (2018). Event Study, Teori dan Pembahasan Reaksi Pasar Modal Indonesia (Issue January 2019). https://doi.org/10.31227/osf.io/zbqm7
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Published
2022-04-26
How to Cite
MAHARANI, Ida Ayu Surya; PUTRA, I Made Pande Dwiana.
Reaksi Pasar Terhadap Penerapan Kebijakan Pembatasan Sosial Berskala Besar Tahap I Perusahaan Sektor Kesehatan BEI.
E-Jurnal Akuntansi, [S.l.], v. 32, n. 4, p. 1069-1084, apr. 2022.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/84630>. Date accessed: 18 apr. 2024.
doi: https://doi.org/10.24843/EJA.2022.v32.i04.p18.
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