The aims of study are to analyze and evaluate the impact of COVID-19 outbreak on Indonesia Stock Exchange (IDX) performance before, during, and after the official announcement day on March 2nd, 2020. Five industry sectors were observed, i.e agriculture, property, manufacture, consumer, and mining sector. Event study analysis method is used to value the short-term influence of the announcement day on the selected stock market performance in Indonesia. The findings of the study indicated that manufacturing and consumer sectors had better stock performance with positive results of their abnormal return, unlike the agriculture and property sectors which showed the opposite result of their stock performance. The stock performance in the mining sector remained stable even after the announcement day. Indonesian Government, particularly the companies’ management, is expected to pay more attention to the aggrieved industries because of the negative effect of outbreaks, especially on the agriculture and property sector. Keywords: COVID-19, Event Study, Abnormal Return, Stock Performance, Indonesia Stock Exchange Pandemi COVID-19 dan Kinerja Pasar Saham Indonesia: Analisis Studi Peristiwa AbstrakPenelitian ini bertujuan untuk menganalisis dan mengevaluasi dampak wabah COVID-19 terhadap kinerja Bursa Efek Indonesia (BEI) sebelum, selama, dan setelah hari pengumuman resmi pada tanggal 2 Mei 2020. Lima sektor industri yang diamati yaitu sektor pertanian, properti, manufaktur, konsumen, dan pertambangan. Kami menggunakan metode analisis studi peristiwa dalam penelitian ini untuk menilai pengaruh jangka pendek hari pengumuman terhadap kinerja pasar saham terpilih di Indonesia. Hasil studi empiris menunjukkan bahwa sektor konsumen dan manufaktur memiliki kinerja saham yang lebih baik dengan hasil yang positif dari abnormal return-nya, tidak seperti sektor properti dan pertanian yang menunjukkan hasil sebaliknya dari kinerja sahamnya. Kinerja saham di sektor pertambangan tetap stabil bahkan setelah hari pengumuman. Pemerintah Indonesia, khususnya manajemen perusahaan, diharapkan lebih memperhatikan industri yang dirugikan akibat dampak negatif wabah, terutama pada sektor pertanian dan properti. Kata kunci: COVID-19, Studi Peristiwa, Abnormal Return, Kinerja Saham, Bursa Efek Indonesia.
The prime objective of the present study is to examine the impact of Just in time production, internal environmental management, and eco-design on organizational performance. Furthermore, the moderating role of trust between internal environment management and organizational performance is examined as well. The data for the present study is collected from the customers of the textile industry through convenient sampling. The response rate was 74%. The collected data was analyzed through PLS-SEM. The findings of the study revealed that eco-design and internal environmental management significantly impact organizational performance. Whereas trust moderates positively the relationship between internal environment management and organizational performance. On the other hand, the impact of just-in-time production on organizational performance is not significant. The findings of the present study are helpful for practitioners and decision-makers of the textile industry dealing in the supply chain in developing a strategy to enhance organizational performance. Keywords— Eco-Design; Trust; Organizational Performance; Internal Environment Management; Indonesia
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