DAMPAK COVID 19 TERHADAP PERKEMBANGAN PASAR MODAL INDONESIA

Delfi Yandri, Dhenok Darwanti, Hadi Purwanto

Abstract


The world economy is slowly starting to move to catch up, which was paralyzed by Covid, and Indonesia is no exception. Investors tend to choose to wait and see, meaning they hold their investments and wait for the right moment to make transactions, this is because Covid 19 has caused a decline in the JCI at 6300 has fallen drastically to 3900. So this also causes a decrease in activity transactions in the Indonesian capital market. The research was carried out to analyze the impact of the Covid-19 Pandemic on the Indonesian Capital Market. The research uses descriptive and verification methods with the sample in this study, namely the Covid-19 Pandemic data as a dummy variable for Capital Market using data from the Jakarta Composite Index (IHSG). Based on the results of the linear regression statistical test, the following results were obtained: significant and negative to the Indonesian Capital Market. The results of this study are proposed to be able to contribute to society, which holds Capital Market policies and supervisory institutions regarding the importance of capital market inclusiveness in Indonesia.

Ekonomi dunia perlahan-lahan mulai bergerak untuk mengejar ketertinggalan yang sempat lumpuh karena Covid, tidak terkecuali di Indonesia. Pelaku investor cenderung memilih wait and see, artinya mereka menahan investasi mereka dan menunggu saat yang tepat dalam melakukan transaksi. Hal ini disebabkan Covid 19 telah  menyebabkan penurunan IHSG di angka 6300 jatuh drastis ke titik 3900.  Sehingga hal ini berakibat kepada penurunan aktivitas transaksi di pasar modal Indonesia. Penelitian dilaksanakan dengan tujuan untuk menganalisis dampak Pandemi Covid-19 terhadap  perkembangan pasar modal Indonesia. Metode penelitian menggunakan metode deskriptif dan verifikatif dengan sampel dalam penelitian ini yaitu data selama pandemi Covid-19 sebagai variabel dummy terhadap perkembangan pasar modal yang diproyeksikan dengan Indeks Harga Saham Gabungan (IHSG). Berdasarkan hasil uji statistik regresi linier diperoleh hasil bahwa pandemi Covid-19 mempengaruhi dengan signifikan dan negatif terhadap perkembangan pasar modal Indonesia. Hasil dari penelitian ini diusulkan dapat memberikan sumbangsih terhadap masyarakat, terutama pemegang kebijakan dan lembaga pengawas pasar modal mengenai pentingnya inklusivitas pasar modal di Indonesia.


Full Text:

PDF

References


Al-Awadhi, A. M., Alsaifi, K., Al-Awadhi, A., & Alhammadi, S. (2020). Death and contagious infectious diseases: Impact of the COVID-19 virus on stock market returns. Journal of Behavioral and Experimental Finance, 27(September 2020), 100326. https://doi.org/https://doi.org/10.1016/j.jbef.2020.100326

Albu, L. L., Preda, C. I., Lupu, R., Dobrota, C. E., Calin, G. M., & Boghicevivi, C. M. (2020). Estimates of Dynamics of the COVID-19 Pandemic and of Its Impact on the Economy. Romanian Journal of Economic Forecasting, 23(2), 5–17.

Ismailsyah. (2020). Analisis Pengaruh Free Float Saham-Saham First Liner, Second Liner, dan Third Liner terhadap Likuiditas Saham. Jurnal Ilmiah Mahasiswa FEB, 9(1), 1–28.

Nasarudin, M. I., Yustiayandana, I., & Nefi, A. (2014). Aspek Hukum Pasar Modal Indonesia. Jakarta : Kencana.

Pakpahan, K. (2003). Strategi Investasi Di Pasar Modal. The Winners, 4(2), 138–147.

Pardhan, S., & Drydakis, N. (2021). Associating the Change in New COVID-19 Cases to GDP per Capita in 38 European Countries in the First Wave of the Pandemic. Frontiers in Public Health, 8(January 2021), 1065. https://doi.org/https://doi.org/10.3389/fpubh.2020.582140

Romansyah. (2015). Pasar Modal Dalam Perspektif Islam. Mazahib : Jurnal Pemikiran Hukum Islam, XIV(1), 1–12.

Sugiyono. (2017). Metode Penelitian Bisnis: Pendekatan Kuantitatif, Kualitatif, Kombinasi dan R&D. Bandung : Alfabeta.

Sunariyah. (2013). Pengantar Pengetahuan Pasar Modal (Edisi 6). Yogyakarta : UPP STIM YKPN.

Wastam Wahyu Hidayat. (2020). Konsep Dasar Investasi Dan Pasar Modal. Ponorogo : Uwais Inspirasi Indonesia.




DOI: https://doi.org/10.56486/remittance.vol3no2.274

Article Metrics

Abstract view : 406 times
PDF - 233 times

Refbacks

  • There are currently no refbacks.




TERINDEKS OLEH :

Â