Open AccessHUBUNGAN ANTARA PANDEMI COVID-19 DAN HARGA SAHAM PERUSAHAAN SUB SEKTOR HOTEL, RESTORAN DAN PARIWISATA YANG TERDAFTAR DI BEI
Author(s) -
Reinandus Aditya Gunawan
Publication year - 2020
Publication title -
prosiding working papers series in management
Language(s) - English
Resource type - Journals
eISSN - 2620-6544
pISSN - 2406-9310
DOI - 10.25170/wpm.v12i2.55-70
Subject(s) - tourism , revenue , covid-19 , business , indonesian , stock (firearms) , positive correlation , stock exchange , marketing , economy , finance , geography , economics , medicine , infectious disease (medical specialty) , linguistics , philosophy , disease , archaeology , pathology
The Covid-19 pandemic is one of the events which really affected Indonesian economy whereas there are still additional new cases in Indonesia every day. The most affected components are Composite Stock Price Index (IHSG) and the Indonesian economy. The most affected business industrial sub-sectors are the hotel, restaurant and tourism which due to Covid-19 there were so many cancelled flights from abroad to Indonesia. This condition made impact to the significantly decrease of company revenues and even some companies decided to close their business. The aim of this study is to find the relationship between Covid-19 as measured by daily new cases, daily recovered cases and daily death cases with the average stock price of the hotel, restaurant and tourism sub-sector. The statistical test used is to perform Pearson analysis. The results of this study are all variables both daily new cases, daily recovered cases and daily death cases have a negative relationship with the average stock price of the hotel, restaurant and tourism sub-sector. Besides that, the new daily cases have a positive correlation with new daily recovery cases, and positive significant with daily death cases. Moreover, daily recovery cases have positive correlation with daily death cases.