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The Effect of Investment Risk, Macroeconomics on Stock Prices in IPO Companies during the Covid-19 Pandemic

Author

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  • Supriyanto

    (Department of Administrative Sciences, Padjadjaran University, Bandung, Indonesia Author-2-Name: Mohammad Benny Alexandri Author-2-Workplace-Name: Department of Administrative Sciences, Padjadjaran University, Bandung, Indonesia Author-3-Name: Nurillah Jamil Achmawati Novel Author-3-Workplace-Name: Department of Administrative Sciences, Padjadjaran University, Bandung, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

"Objective - This study investigates the effect of investment risk, macroeconomics on stock prices in IPO companies during the Covid-19 pandemic. Methodology/Technique - Financial statements are used to collect sample secondary data. A total of 74 samples from data collection were then used to test hypotheses using SmartPLS software. Findings - The results showed that the Current Assets to Total Assets Ratio (CATAR) and PBV (Price to Book Value) are still new topics that provide great benefits for investing in IPO companies. Novelty - This study adds to the body of knowledge on investment risk and macroeconomics by elucidating the effect of investment on stock prices. Additionally, it provides an overview of the sources of information that can be used to inform investment decisions and to anticipate misinformation received, allowing investors to earn more money with less risk. Type of Paper - Empirical."

Suggested Citation

  • Supriyanto, 2022. "The Effect of Investment Risk, Macroeconomics on Stock Prices in IPO Companies during the Covid-19 Pandemic," GATR Journals afr209, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:afr209
    DOI: https://doi.org/10.35609/afr.2022.6.4(2)
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    References listed on IDEAS

    as
    1. Supriyanto Supriyanto & Mohammad Benny Alexandri & Nenden Kostini & Ratna Meisa Dai, 2021. "Impact of Oil Prices and Stock Returns: Evidence of Oil and Gas Mining Companies in Indonesia During the Covid-19 Period," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 471-478.
    2. Suripto & Supriyanto, 2021. "The Effect of the COVID-19 Pandemic on Stock Prices with the Event Window Approach: A Case Study of State Gas Companies, in the Energy Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 155-162.
    3. Anonymous, 2019. "Investment risk for long-term investors: risk measurement approaches," British Actuarial Journal, Cambridge University Press, vol. 24, pages 1-1, January.
    4. Supriyanto Supriyanto & Suripto Suripto & Arif Sugiono & Putri Irmala Sari, 2021. "Impact of Oil Prices and Stock Returns: Evidence of Oil and Gas Mining Companies in Indonesia during the COVID-19 Period," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 312-318.
    5. Hue, B. & Jinks, A. & Spain, J. & Bora, M. & Siew, S., 2019. "Investment risk for long-term investors: risk measurement approaches: Considerations for pension funds and insurers," British Actuarial Journal, Cambridge University Press, vol. 24, pages 1-1, January.
    6. Mohammad Benny Alexandri & Supriyanto, 2022. "Volatility Spillover between Stock Returns and Oil Prices during the Covid-19 Pandemic in ASEAN," International Journal of Energy Economics and Policy, Econjournals, vol. 12(1), pages 126-133.
    7. Toto Gunarto & Rialdi Azhar & Novita Tresiana & Supriyanto Supriyanto & Ayi Ahadiat, 2020. "Accurate Estimated Model of Volatility Crude Oil Price," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 228-233.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Investment Risk; Macroeconomics; Stock Prices; Covid-19;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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