BOND AS A SAFE HAVEN DURING MARKET CRASH: EXAMINATION OF COVID-19 PANDEMIC IN ASEAN-5
| Main Authors: | Siahaan, Gabriela Elvina Dwiastuti, Robiyanto, Robiyanto |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Management Study Program, Faculty of Business and Economics, Petra Christian University
, 2021
|
| Online Access: |
https://jurnalmanajemen.petra.ac.id/index.php/man/article/view/23034 https://jurnalmanajemen.petra.ac.id/index.php/man/article/view/23034/20299 |
| ctrlnum |
article-23034 |
|---|---|
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<dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><title lang="en-US">BOND AS A SAFE HAVEN DURING MARKET CRASH: EXAMINATION OF COVID-19 PANDEMIC IN ASEAN-5</title><creator>Siahaan, Gabriela Elvina Dwiastuti</creator><creator>Robiyanto, Robiyanto</creator><description lang="en-US">The central aim of this paper is to examine the effectiveness of corporate bonds and government bonds against the stock price fluctuation in ASEAN-5 countries (Indonesia, Malaysia, Philippines, Thailand and Singapore). Highlighting an important event of COVID-19, we investigate whether bonds provide protection by utilizing Q-REG method. The noteworthy finding is that bonds consistently act as a hedge for Malaysia and Philippines, while regarded as a diversifier for Indonesia’s capital market. However, this study observed that corporate bonds successfully become a strong safe haven for Thailand and Singapore capital market. Similar result was also found for Singapore government bonds which provides a valuable return during the pandemic of COVID-19.</description><publisher lang="en-US">Management Study Program, Faculty of Business and Economics, Petra Christian University</publisher><date>2021-04-21</date><type>Journal:Article</type><type>Other:info:eu-repo/semantics/publishedVersion</type><type>File:application/pdf</type><identifier>https://jurnalmanajemen.petra.ac.id/index.php/man/article/view/23034</identifier><identifier>10.9744/jmk.23.1.1-9</identifier><source lang="en-US">Jurnal Manajemen dan Kewirausahaan; Vol. 23 No. 1 (2021): MARCH 2021; 1-9</source><source>2338-8234</source><source>1411-1438</source><language>eng</language><relation>https://jurnalmanajemen.petra.ac.id/index.php/man/article/view/23034/20299</relation><rights lang="en-US">Copyright (c) 2021 Jurnal Manajemen dan Kewirausahaan (Journal of Management and Entrepreneurship)</rights><recordID>article-23034</recordID></dc>
|
| language |
eng |
| format |
Journal:Article Journal Other:info:eu-repo/semantics/publishedVersion Other File:application/pdf File Journal:eJournal |
| author |
Siahaan, Gabriela Elvina Dwiastuti Robiyanto, Robiyanto |
| title |
BOND AS A SAFE HAVEN DURING MARKET CRASH: EXAMINATION OF COVID-19 PANDEMIC IN ASEAN-5 |
| publisher |
Management Study Program, Faculty of Business and Economics, Petra Christian University |
| publishDate |
2021 |
| url |
https://jurnalmanajemen.petra.ac.id/index.php/man/article/view/23034 https://jurnalmanajemen.petra.ac.id/index.php/man/article/view/23034/20299 |
| contents |
The central aim of this paper is to examine the effectiveness of corporate bonds and government bonds against the stock price fluctuation in ASEAN-5 countries (Indonesia, Malaysia, Philippines, Thailand and Singapore). Highlighting an important event of COVID-19, we investigate whether bonds provide protection by utilizing Q-REG method. The noteworthy finding is that bonds consistently act as a hedge for Malaysia and Philippines, while regarded as a diversifier for Indonesia’s capital market. However, this study observed that corporate bonds successfully become a strong safe haven for Thailand and Singapore capital market. Similar result was also found for Singapore government bonds which provides a valuable return during the pandemic of COVID-19. |
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Universitas Kristen Petra Surabaya |
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Perpustakaan Universitas Kristen Petra Surabaya |
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Jurnal Manajemen dan Kewirausahaan |
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1717 |
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KOTA SURABAYA |
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JAWA TIMUR |
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IOS1717 |
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2022-01-22T17:55:24Z |
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