Citation:

Rahmah Nurul Dwi Ramadani, Dian Purnomo Jati, Ekaningtyas Widiastuti. "The Effect of Large-Scale Social Restrictions (PSBB) Announcement in Stock Return in the Indonesian Capital Market" International Research Journal of Economics and Management Studies, Vol. 2, No. 2, pp. 33-40, 2023.

Abstract:

This study examined how market returns were impacted by PSBB (Large-Scale Social Restrictions) announcements. The target sample for the study consisted of companies in the real estate and property sectors that are listed on the Indonesia Stock Exchange. In this study, a purposive sampling technique was used to choose a sample of 34 firms. The analysis of various test data produced the following findings, which were drawn from this study's findings: (1) PSBB announcements had an impact on negative abnormal returns; (2) PSBB announcements had no impact on abnormal returns; (3) PSBB announcements had no impact on trading volume activity; and (4) PSBB announcements had an impact on security return variability. By include this study as one of their considerations when looking to invest in a company, investors may be able to make better investment decisions.

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Keywords:

Covid-19, Large-Scale Social Restriction (PSBB), Stock Return.