Stock Liquidity Listed on IDX Main Board During the COVID-19 Pandemic

Riadah Masita () and Ririen Setiati Riyanti ()
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Riadah Masita: University of Indonesia, Graduate Program in Management
Ririen Setiati Riyanti: University of Indonesia, Graduate Program in Management

A chapter in Proceedings of the International Conference on Economics, Management, and Accounting (ICEMAC 2022), 2023, pp 188-201 from Springer

Abstract: Abstract This study is conducted to investigate the effect of the COVID-19 pandemic to the stock liquidity listed on the main board index (MBX). The study employs a panel data regression to analyze the impacts of COVID-19 pandemic proxied by the daily growth of total cases and total deaths due to COVID-19 as variables independent to stock liquidity proxied by Spread and Illiquidity Amihud (2002) as variable dependent from 3 March to 30 November 2021. The results show that there are negative impacts of the COVID-19 pandemic to stock liquidity. Analysis between sectors show that there are significant differences in the impacts of pandemic, the Mining and Finance sectors are the most affected, but Consumer Good Industry, Agriculture, and Trade, Services, & Investment sectors are the least affected.

Keywords: Stock liquidity; Pandemic COVID-19; Financial Market; Main Board Index (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-226-2_17

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DOI: 10.2991/978-94-6463-226-2_17

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