2020
DOI: 10.52859/jbm.v8i2.89
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Manajemen Risiko Terhadap Black Swan Event Maret 2020 Di Indonesia. Studi Kasus Efek Covid-19 Terhadap Pasar Modal Indonesia

Abstract: COVID-19 has caused many significant impacts on various businesses in Indonesia. This pandemic was first announced by government on March 2020 and as the result, Indonesia Composite Index moved toward down trend. To investigate this matter, this result applied event study and non-parametric test (Wilcoxon Signed Test) on observed IHSG from December 2019 to March 2020. The result confirmed that indeed after announcement, IHSG significantly decreased and loss almost 50% from initial value in December 2019. This … Show more

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Cited by 15 publications
(10 citation statements)
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“…This result shows that H 0 is rejected, meaning that the composite stock price index of agricultural companies before the government announced the first case of covid-19 was greater than the stock price after the announcement of the first case of covid-19. On average, the The joint stock price index of agricultural companies decreased during the covid-19 pandemic, the results of this study are in line with other studies where there was a decline in the composite stock price index on the Indonesia Stock Exchange (IDX) during the covid-19 pandemic [11], and [12]. Not only in Indonesia, but the Chinese Stock Market also shows that the COVID-19 pandemic has had a negative impact on most industries, especially the mining and agriculture industries [21].…”
Section: Differences In the Composite Stock Price Index Of Agricultur...supporting
confidence: 90%
See 1 more Smart Citation
“…This result shows that H 0 is rejected, meaning that the composite stock price index of agricultural companies before the government announced the first case of covid-19 was greater than the stock price after the announcement of the first case of covid-19. On average, the The joint stock price index of agricultural companies decreased during the covid-19 pandemic, the results of this study are in line with other studies where there was a decline in the composite stock price index on the Indonesia Stock Exchange (IDX) during the covid-19 pandemic [11], and [12]. Not only in Indonesia, but the Chinese Stock Market also shows that the COVID-19 pandemic has had a negative impact on most industries, especially the mining and agriculture industries [21].…”
Section: Differences In the Composite Stock Price Index Of Agricultur...supporting
confidence: 90%
“…The results of research conducted by [11] shows that there is a difference in joint stock prices on the Indonesia Stock Exchange between before and after the covid-19 pandemic. The results of research conducted by [11] are in line with other studies which show that after the announcement of the first case of Covid-19 in Indonesia, the JCI decreased significantly (almost 50%) from its initial value in December 2019 [12]. Other research, for example a case study at PT.…”
Section: Introductionsupporting
confidence: 83%
“…Not only nationally, but also globally. Indonesia's composite stock price or IHSG was freefalling instantly for more than IDR 2000 or lost almost 50% from its initial value compared to December 2019 (Kiky, 2020). Globally, the pandemic forced many businesses to bankruptcy and sent people home unemployed.…”
Section: B Reviving the National Economy Post-covidmentioning
confidence: 99%
“…Covid-19 menjadi bahan refleksi negeri ini karena musibah yang terjadi tidak lepas dari pola perilaku penduduk Indonesia yang tidak ramah terhadap lingkungan. Walaupun Indonesia diyakini memiliki potensi demografi yang sangat baik dan diperkirakan mengalami masa keemasan di Tahun 2045 (S Aryanto, 2016), nyatanya dengan adanya musibah Covid-19 seolah menjadi indikator bahwa Indonesia harus terus berbenah dan mencari upaya solutif secara preventif maupun kuratif dalam menghadapi permasalahan-permasalahan yang terjadi hingga saat ini (Kiky, 2020).…”
Section: Pendahuluanunclassified