The Impact of Covid-19 Pandemic on Financial Performance of Companies Go Public in Indonesia

Penulis

  • RR Wulan Indri Widiar UPGRIS
  • Suhita Whini Setyahuni Universitas Dian Nuswantoro

DOI:

https://doi.org/10.30651/blc.v20i2.17718

Kata Kunci:

COVID-19 outbreak, firms perfomances, financial perfomances, financial ratios, Institutional theory.

Abstrak

This study aims to investigate the difference of financial performances public companies in Indonesia before the COVID-19 outbreak and during the pandemic in 2019 and 2020. This study used 136 public listed firms in Indonesia in 2019 and 2020. The data were tested using one sample paired t-test. The findings shows that there was significant difference on the average revenue and ROA before the COVID-19 outbreak and during the outbreak in 2019 and 2020. The total revenue and ROA were significantly decreased during the pandemic. This study gives a new perspective on the measurement of financial performances during the COVID-19. This study also provides empirical evidence on the financial performances during the COVID-19 outbreak from institutional theory perspective.

Referensi

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Unduhan

Diterbitkan

2023-07-03

Terbitan

Vol 20 No 2 (2023): Juli

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