BALANCE: Economic, Business, Management and Accounting Journal
Vol 20 No 2 (2023): Juli

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

RR Wulan Indri Widiar (UPGRIS)
Suhita Whini Setyahuni (Universitas Dian Nuswantoro)

Article Info

Publish Date
03 Jul 2023

Abstract

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.

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Journal Info
BALANCE: Economic, Business, Management and Accounting Journal
Website

Abbrev

balance

Publisher

Universitas Muhammadiyah Surabaya

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

BALANCE merupakan jurnal yang diterbitkan oleh Fakultas Ekonomi & Bisnis Universitas Muhammadiyah Surabaya. Jurnal ini menfokuskan pada publikasi hasil penelitian dan artikel ilmiah tentang ekonomi, bisnis, manajemen dan ...