IDEAS home Printed from https://ideas.repec.org/a/ids/ijmefi/v16y2023i3-4p206-212.html
   My bibliography  Save this article

Financial impact of COVID-19: non-pharmaceutical interventions in Indonesia

Author

Listed:
  • Ana Noveria
  • Muhamad Fikri

Abstract

The COVID-19 pandemic is a global crisis that has influenced everyone's daily life and the business sector. The Indonesian government has implemented policies to control the spread of the pandemic. These policies, including large-scale social restrictions (LSSR), emergency public activity restrictions, and economic support, have affected the investors' reactions. Therefore, this research aimed to investigate how the government policies regarding the COVID-19 pandemic influence the stock returns on the Indonesia Stock Exchange (IDX). The results showed that policies on closures of public places negatively affect stock returns. However, the economic support from the government positively affects the stock returns. This study contributes to the literature on the effect of government response to the COVID-19 pandemic on the stock returns. The results could also be used as considerations for the government in making policies to prevent the future spread of the COVID-19 pandemic and mitigate the adverse impact on the business sector. Additionally, investors could consider the result in making decisions on responding to announced policies.

Suggested Citation

  • Ana Noveria & Muhamad Fikri, 2023. "Financial impact of COVID-19: non-pharmaceutical interventions in Indonesia," International Journal of Monetary Economics and Finance, Inderscience Enterprises Ltd, vol. 16(3/4), pages 206-212.
    • Handle: RePEc:ids:ijmefi:v:16:y:2023:i:3/4:p:206-212
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=131910
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmefi:v:16:y:2023:i:3/4:p:206-212. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=218 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.