COVID-19 MENGGUNCANG PERUSAHAAN BATUBARA DI BEI: EKSPLORASI PERAN LEADERSHIP CEO DAN IN/EX COMPANY ENVIRONMENT
DOI:
https://doi.org/10.32670/fairvalue.v4iSpesial%20Issue%203.793Keywords:
COVID-19, Stock Return, leaderships CEO, Company Performance, and Technical FactorsAbstract
The Indonesian government has taken numerous measures to respond the COVID19 pandemic. This policy was taken caused the stock market slowed down of coal
mining companies on IDX due to COVID-19 pandemic. This study aims to examine
the impact of the COVID-19 on stock return as measured by leaderships CEO (SIM
and SGM), company performance (DER, ROA and EPS), technical factors (IIA) and
dividend policy as moderation. This research use quantitative method and data
analysis was conducted by moderated regression analysis (MRA). Based on 17
samples, it shows that directly only the DER, ROA and IIA variables have significant
on stock return, while the SIM, SGM and EPS variables have no significant on stock
return. indirectly the DER variable which is moderated by dividend policy has
significant on stock return or means that the dividend policy strengthens the
relationship between DER and the stock return (quasi moderation).
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