This study aims to analyze abnormal returns before and after the announcement of the implementation of the new normal (vaccine) on manufacturing sector companies. The object of research is through the official website of the Indonesia Stock Exchange (IDX). Data collection by the documentation method collects data and information obtained from www.idx.co.id and www.finance.yohoo.com websites which contain the closing daily stock price and the number of stock trading transactions and the overall number of shares that are distributed at a certain time. The results showed that there was an abnormal difference in returns before and after the announcement of the implementation of the new normal in the manufacturing sector. The announcement of the implementation of the new normal in Indonesia contains information that is different from before. The second hypothesis shows that there was no significant difference in trading volume activity in the period before and after the announcement of the implementation of the new normal in the manufacturing sector. This illustrates that investors do not get signals related to existing information, because they do not give different reactions to trading volume activity.
This study aims to examine the effect of leadership style and organizational commitment on employee performance during the Covid-19 pandemic. The objects in this study are employees of PT Sinar Mayang Lestari. This research uses quantitative research. The population in this study were 60 employees of PT Sinar Mayang Lestari. The sampling technique in this research is saturated sample or total sampling, which is as many as 60 respondents. This study uses primary data obtained by distributing online questionnaires with the help of google forms. The data obtained were then processed using SPSS analysis tools, namely reliability test, multicollinearity test, heteroscedasticity test, normality test, and multiple regression analysis (F test, T test, and R2 test). The results of this study indicate that partially, leadership style has no effect on employee performance during the Covid-19 pandemic which is indicated by a significance level of 0.261> 0.05, while organizational commitment affects employee performance during the Covid-19 pandemic with a significance level of 0, 00 < 0.05.
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