Impact of COVID-19 on Stock Prices and Transaction Volume: Case Study of PT. Matahari Department Store, Tbk.

The first Covid-19 case in Indonesia was announced on March 2, 2020. This study aims to determine whether there is a significant difference in stock prices, stock transaction volume and stock returns due to the COVID-19 pandemic (case study at PT. Agung Podomoro Land, Tbk). This research data was taken 90 days before and 90 days after the announcement of the first case of COVID-19 in Indonesia. The data was processed by paired sample t-test, using SPSS version 20. From the results of data processing, it was shown that there was a significant difference in stock prices before and after the announcement of the first case of covid-19 in Indonesia. This is indicated by a significance value of 0.000 < 0.05 where the stock price has decreased compared to before the Covid-19 case. Meanwhile, the volume of stock transactions also showed a significant difference with a significance value of 0.007 <0.05, where the volume of stock transactions after the announcement showed a decrease. Likewise, stock returns show a significant difference with a significance value of 0.025 < 0.05 where stock returns have decreased after the announcement of the first case of covid-10 in Indonesia.

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Rent gap reloaded: Airbnb and the shift from residential to touristic rental housing in the Palma Old Quarter in Mallorca, Spain

Urban Studies ◽

10.1177/0042098018803261 ◽

2018 ◽

Vol 56 (13) ◽

pp. 2709-2726 ◽

Cited By ~ 25

Author(s):

Ismael Yrigoy

Keyword(s):

Stock Prices ◽

Rental Housing ◽

Housing Affordability ◽

Rent Gap Theory

In light of the advent of Airbnb, rent gap theory can be helpful for understanding how tourist rentals affect residential rental housing. It is argued that on those properties currently rented to residents, rental payments are not only ‘actual ground rent’, but also ‘potential ground rent’. The shift from a residential to a touristic use of rental housing thereby creates a potential ground rent. Taking as a case study the Palma Old Quarter in Mallorca, Spain, this paper analyses the evolution of the stock, prices, and revenues of residential rentals vis-à-vis tourist rentals and finds that, because it is more profitable to rent to tourists than to residents, the number of houses listed on Airbnb has increased, housing affordability for residents has shrunk, and the threat of displacement has increased.

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Is ESG Relevant to Electricity Companies during Pandemics? A Case Study on European Firms during COVID-19

Sustainability ◽

10.3390/su14020852 ◽

2022 ◽

Vol 14 (2) ◽

pp. 852

Author(s):

Florin Teodor Boldeanu ◽

José Antonio Clemente-Almendros ◽

Ileana Tache ◽

Luis Alberto Seguí-Amortegui

Keyword(s):

Event Study ◽

Stock Prices ◽

Initial Phase ◽

Negative Impact ◽

Abnormal Returns ◽

Negative Influence ◽

Electricity Sector ◽

Renewable Electricity ◽

Study Approach

The electricity sector was negatively impacted by the coronavirus disease (COVID-19), with considerable declines in consumption in the initial phase. Investors were in turmoil, and stock prices for these companies plummeted. The aim of this paper is to demonstrate the significant negative influence of the pandemic on abnormal returns for the electricity sector, specifically for traditional and renewable companies and the influence of ESG scores, using the event study approach and multi-variate regressions. Our results show that the pandemic indeed had a negative impact on the electricity sector, with renewable electricity companies suffering a sharper decline than traditional ones. Moreover, we find that ESG pillar scores affected electricity companies differently and are sector-specific. For renewable electricity companies, the returns were positively influenced by the environmental ESG scores and negatively by governance ESG scores.

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