Proceedings of the Brawijaya International Conference on Business, Administration, Taxation, and Tourism (BICBATT 2022)

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Comparative Analysis of Stock Systematic Risk Based on Business Sector

Authors
David Kaluge1, *, Tyas Danarti1, Puspitasari Wahyu1
1Economics Department, Faculty of Economics and Business, Brawijaya University, Malang, Indonesia
*Corresponding author. Email: davidk@ub.ac.id
Corresponding Author
David Kaluge
Available Online 22 September 2023.
DOI
10.2991/978-94-6463-240-8_13How to use a DOI?
Keywords
Stock Systematic Risk; Systematic Risk Based on Business Sectors; Investment
Abstract

In the realm of financial investment, stock investments are categorized as high-risk investments, especially in conditions of economic shocks due to the pandemic. The condition of increasing risk seems contradictory when compared with the fact that the number of individual investors in the capital market has increased. Investment in the stock market is a representation of the concept of investment returns and investment risk moving in the same direction. But often investors only focus on high potential returns and tend to ignore the possibility of high losses. Therefore, the purpose of this study is to fulfill the need for information about the condition of the stock's systematic risk based on the characteristics of the issuer at this time. The research method used is a regression model on 10 business sectors. Using secondary data on stock return variables and market return variables. The empirical results state that the systematic risk of stocks increases during the pandemic period accompanied by changes in sector position for stocks with the lowest and highest risk and changes in distribution patterns for sectors that have high risk in the 2 research periods.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the Brawijaya International Conference on Business, Administration, Taxation, and Tourism (BICBATT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
22 September 2023
ISBN
10.2991/978-94-6463-240-8_13
ISSN
2352-5428
DOI
10.2991/978-94-6463-240-8_13How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - David Kaluge
AU  - Tyas Danarti
AU  - Puspitasari Wahyu
PY  - 2023
DA  - 2023/09/22
TI  - Comparative Analysis of Stock Systematic Risk Based on Business Sector
BT  - Proceedings of the Brawijaya International Conference on Business, Administration, Taxation, and Tourism (BICBATT 2022)
PB  - Atlantis Press
SP  - 106
EP  - 115
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-240-8_13
DO  - 10.2991/978-94-6463-240-8_13
ID  - Kaluge2023
ER  -