ANALISIS REAKSI PASAR MODAL SEBELUM DAN SAAT PERISTIWA PANDEMI COVID-19 PADA PERUSAHAAN SUB SEKTOR RESTORAN, HOTEL, TOURISM, YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2020

ABSTRAK (BAHASA INDONESIA)

Penelitian ini dilakukan untuk mengetahui perbedaan sebelum dan saat adanya Pandemi Covid-19 terhadap reaksi pasar modal dengan menggunakan sampel subsector Retoran, Hotel, dan Tourism yang terdaftar di Bursa Efek Indonesia pada periode 2020. Populasi dan sampel dalam penelitian ini seluruh populasi yakni 31 perusahaan sector restoran hotel dan tourism Penelitian ini merupakan peneltian kuantitatif , jenis data mengunakan data sekunder Metode penelitian yang peneliti gunakan adalah summary. Hasil dalam penelitian ini menunjukkan bahwa peristiwa pandemi Covid-19 berdampak cukup buruk bagi pasar modal. Berdasarkan hasil pengujian summary yang telah dilakukan, dapat ditarik kesimpulan bahwa sebelum dan saat adanya pandemi Covid-19 variabel Abnormal Return bereaksi negatif terhadap reaksi pasar modal, hal tersebut dapat dikatakan bahwa terdapat perbedaan antara sebelum dan saat adanya pandemi Covid-19. Untuk variabel Abnormal Return memiliki reaksi negatif terhadap reaksi pasar modal, hal tersebut dapat dikatakan bahwa terdapat perbedaan antara sebelum dan saat adanya pandemiCovid-19.

Kata Kunci: pandemi covid-19, abnormal return, cumulative abnormal return, studi peristiwa

ABSTRACT (BAHASA INGGRIS)

This study was conducted to determine the difference before and during the Covid-19 Pandemic on the capital market reaction by using the Restaurant, Hotel, and Tourism subsector samples listed on the Indonesia Stock Exchange in the 2020 period. The population and sample in this study were the entire population, namely 31 sector companies. restaurant hotel and tourism This research is a quantitative research, thetype of data using secondary data The research method that researchers use is summary. The results in this study indicate that the Covid-19 pandemic event had a fairly bad impact on the capital market. Based on the summary test results that have been carried out, it can be concluded that before and during the Covid-19 pandemic the Abnormal Return variable reacted negatively to the capital market reaction, it can be said that there was a difference between before and during the Covid-19 pandemic. For the Abnormal Return variable that has a negative reaction to the reaction of the capital market, it can be said that there is a difference between before and during the Covid-19 pandemic.
Keywords: covid-19 pandemic, abnormal return, cumulative abnormal return, event study