Reaksi Pasar Modal Akibat Pengumuman Kasus Positif Pertama Virus Covid-19 Varian Omicron Di Indonesia
Abstract
The capital market reaction to an announcement or event containing information is an important thing for investors to pay attention to. Important information for investors to know for future decision making. This research aims to determine the capital market reaction caused by the announcement of the first positive case of the Omicron variant of the Covid-19 virus in Indonesia on December 16 2021. This research uses the event study method with a 7 day research period. The research sample was taken using the Slovin technique from 80 companies that are members of the Kompas100 Index. The hypothesis test used in this research is the One Sample T-test. The results of this research show that there is no market reaction as indicated by the insignificant abnormal returns obtained around the announcement event. The results of this research indicate that the capital market in Indonesia can take the form of an informationally efficient, semi-strong market.
Keywords: Market Capital Reaction; Abnormal Return; Omicron Virus; Efficient Market Hypothesis; Signaling Theory
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References
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Arifulsyah, H. (2022). Analisis Perbandingan Reaksi Pasar Modal Terhadap Pengumuman PPKM Varian Delta Dengan PPKM Varian Omicron Covid-19. 15(1), 471–478. Retrieved from https://doi.org/https://doi.org/10.35143/jakb.v15i1.5380
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Donthu, N., & Gustafsson, A. (2020). Effects of COVID-19 on Business and Research. Journal of Business Research, 117(June), 284–289. Retrieved from https://doi.org/10.1016/j.jbusres.2020.06.008
Fahmi, I. (2015). Manajemen Investasi: Teori dan Soal Jawab (Edisi 2). Salemba Empat.
Haningrum, V., & Sukoco, Y. D. (2022). Reaksi Saham LQ 45 Terhadap Peristiwa Pengumuman Pasien Pertama. Jurnal E-Bis : Ekonomi Bisnis, 6(2), 581–594. Retrieved from https://doi.org/https://doi.org/10.37339/e-bis.v6i2.999
Hartono, J. (2017). Teori Portofolio dan Analisis Investasi (Kesebelas). BPFE-Yogyakarta.
Hartono, J. (2018). Studi Peristiwa: Menguji Reaksi Pasar Modal Akibat Suatu Peristiwa. (Pertama). BPFE.
Hindayani, N. (2020). Analisis Reaksi Pasar Saham Atas Peristiwa Covid-19 Di Indonesia. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(3), 1645–1661. Retrieved from http://journal.stiemb.ac.id/index.php/mea/article/view/647
Johan, S., & Victoria, E. (2022). Capital Market Reaction to Several Announcements Related to COVID-19 Vaccine in LQ-45 Index. Kinerja, 26(2), 211–224. Retrieved from https://doi.org/10.24002/kinerja.v26i2.5715
Kharisma, G., & Abdulah, L. Z. (2022). Reaksi Pasar Terhadap Pengumuman Kasus Omicron Pertama Di Indonesia. 1(1), 129–136. Retrieved from https://doi.org/https://doi.org/10.51792/jei.v1i2.37
Lipursari, A. (2013). Peran Sistem Informasi Manajemen (SIM) Dalam Pengambilan Keputusan. JURNAL STIE SEMARANG, 5(1), 1689–1699.
Nurmasari, I. (2020). Dampak Covid-19 Terhadap Perubahan Harga Saham dan Volume Transaksi (Studi Kasus Pada PT. Ramayana Lestari Sentosa, Tbk.). Jurnal SEKURITAS (Saham, Ekonomi, Keuangan Dan Investasi), 3(3), 230. Retrieved from https://doi.org/10.32493/skt.v3i3.5022
Putra, G. D. A., Yusiana, A. N., & Lubis, M. Z. M. (2023). Reaksi Pasar Modal Terhadap Pengumuman Munculnya Covid-19 Varian Omicron Pertama. 137–147. Retrieved from https://doi.org/http://dx.doi.org/10.35760/eb.2023.v28i1.5937
Putra, M. W. P., & Kasmiarno, K. S. (2020). Pengaruh Covid-19 Terhadap Kehidupan Ekonomi Dan Spiritual Keagamaan. POROS Onim : Jurnal Sosial Keagamaan, 1(2), 144–159. Retrieved from https://doi.org/http://e-journal.iainfmpapua.ac.id/index.php/porosonim
Ramadhanti, R. J., Ginoga, L. F., Inayah, A. K., & Rosyanti, N. (2022). Reaksi Pasar Modal Terhadap Pengumuman Virus Corona Varian Delta Dan Omicron Di Indonesia. 12(2), 148–159.
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), 407–415. Retrieved from https://doi.org/10.35794/jmbi.v7i3.30668
Soputan, A. J., Saerang, I. S., Tasik, H. H. D., Soputan, A. J., Saerang, I. S., & Tasik, H. H. D. (2022). Reaksi Pasar Modal Terhadap Pengumuman Kasus Pertama Virus Covid-19 Varian Delta Dan Omicron Pada Perusahaan Indeks IDX30 Di Bursa Efek Indonesia. 10(4), 85–94. Retrieved from https://doi.org/https://doi.org/10.35794/emba.v10i4.43488
Talumewo, C. Y., Rate, P. Van, & Untu, V. N. (2021). Indonesian Capital Market Reaction Before and After the Announcement of Implementation New Norm. Jurnal EMBA, 9(4), 1466–1475. Retrieved from https://ejournal.unsrat.ac.id/index.php/emba/article/viewFile/36181/33673
Tandelilin, E. (2017). Pasar Modal Manajemen Portofolio dan Investasi. Yogyakarta: PT. Kanisius.
Published
2023-10-30
How to Cite
DEWI, Ni Kadek Sintya; DARMAYANTI, Ni Putu Ayu; SUARJAYA, Anak Agung Gede.
Reaksi Pasar Modal Akibat Pengumuman Kasus Positif Pertama Virus Covid-19 Varian Omicron Di Indonesia.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 10, p. 2663-2674, oct. 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/102205>. Date accessed: 02 may 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i10.p09.
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