Does Trading Volume Activity React To The Announcement of Large-Scale Social Restrictions During The Covid-19 Pandemic?

Authors

  • Suratna Suratna Business Administration Department, Universitas Pembangunan Nasional Veteran Yogyakarta
  • Hendro Widjanarko Management Department, Universitas Pembangunan Nasional Veteran Yogyakarta
  • Humam Santosa Utomo Business Administration Department, Universitas Pembangunan Nasional Veteran Yogyakarta

DOI:

https://doi.org/10.31098/bmss.v1i3.342

Keywords:

trading volume activity, capital market reaction

Abstract

This research is an event study that aims to examine the information content as measured by trading volume activity as a form of capital market reaction to the announcement of the COVID-19 pandemic in Indonesia. The purpose of this research study is to determine and analyze the presence or absence of trading volume activity before and after the announcement of Large-Scale Social Restrictions in the context of handling COVID-19 in Indonesia. The analytical method used in the study is a quantitative method in research with an event study approach which is used to analyze the reaction of the capital market to the announcement of large-scale social restrictions (PSBB) in the context of handling the COVID-19 pandemic in Indonesia. The data analysis technique in this research is using event study. The results showed that there were significant differences in stock trading volume activity before and after the announcement of the PSBB policy during the Covid-19 pandemic in DKI Jakarta.

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Published

2021-10-20

How to Cite

Suratna, S., Widjanarko, H. ., & Utomo, H. S. . (2021). Does Trading Volume Activity React To The Announcement of Large-Scale Social Restrictions During The Covid-19 Pandemic?. RSF Conference Series: Business, Management and Social Sciences, 1(3), 301–307. https://doi.org/10.31098/bmss.v1i3.342