Corporate Financial Performance in the COVID-19 Pandemic

Fajriyanti, Annisa Wantri; Wiyarni, Wiyarni

doi:10.4236/ajibm.2022.121004

Cited by 6 publications

(6 citation statements)

References 3 publications

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“…Stocks listed on the Growth Enterprise Market by the data collection date are extracted from the Choice platform developed and operated by the East Money Information Co., along with their financial statement information. This research divided all the financial measures into four groups, categorized as the indicators for liquidity, solvability, activity, and profitability of companies, according to Fajriyanti and Wiyarni's previous research [6]. Measures studied are chosen from each of these categories accordingly.…”

Section: Data Collectionmentioning

confidence: 99%

“…Quick and current ratios are chosen as the measures for company liquidity in this research as they are common tools to accomplish this task [6]. Figure 2 and 3 below shows the trend of these two measures during our research time frame.…”

Section: Liquidity Ratiosmentioning

confidence: 99%

“…There are profound precedents in researching financial ratios that enlightened this research. For instance, Fajriyanti and Wiyarni studied companies' financial performance during the pandemic with liquidity, solvency, profitability, and activity ratios [6]. Their objects were some particular industries' companies traded on the Indonesia Stock Exchange.…”

Section: Introductionmentioning

confidence: 99%

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Corporate Financial Measures and Covid-19 Pandemic with Evidence from the Growth Enterprise Market of China’s Shenzhen Stock Exchange

Chi¹

2023

BCPBM

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The Covid-19 pandemic has caused huge losses of lives. Social distancing policies were enacted in an effort to contain the virus. However, they constrained commercial activities, leading to recessions worldwide. Nevertheless, this situation provides an opportunity to investigate how companies' financial measures of liquidity, solvability, activity, and profitability reacted to external risks similar to the pandemic. This paper approaches this issue by collecting data from companies listed on China's Growth Enterprise Market of Shenzhen Stock Exchange. Due to the limited numbers of companies from several industries, only six industries that contain more than 30 companies listed were selected. Several ratios for liquidity, solvability, activity, and profitability were calculated with reported financial data and mapped throughout the studied period. Changes were recorded to determine the sensitivity of these measures. How price changes responded to the increases in the number of covid cases was studied as well. The first finding is that liquidity and solvability ratios were not sensitive to the pandemic for the studied companies. On the contrary, activity and profitability were negatively influenced severely. In addition, prices had a negative relationship with increases in covid cases in general, but the regression result was not statistically significant due to the lack of representations.

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Section: Data Collectionmentioning

confidence: 99%

Section: Liquidity Ratiosmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Corporate Financial Measures and Covid-19 Pandemic with Evidence from the Growth Enterprise Market of China’s Shenzhen Stock Exchange

Chi¹

2023

BCPBM

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“…Profits can be used to fund the firm's expansion, for example. An increase in the quantity sold can lower the cost of goods sold because the fixed costs of production per unit are reduced [38]. Meanwhile, other companies profits fell or remained negative over the last four years.…”

Section: A M R T D a Y A E P M T H E R O M I D I M P P A P C A R R A ...mentioning

confidence: 99%

Comparison of Financial Performance and Stock Prices Before and During COVID-19 of Primary Goods Retail Trade Sub-sector Companies Listed on the Indonesia Stock Exchange in 2018–2021

Anindita,

Lestari

2023

Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2)

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Outspread COVID-19 in recent years has impacted every company in the world. One of them is Primary Goods Retail Trade Sub-Sector Companies. This research aims to understand whether financial performance and stock prices have been affected by COVID-19. Quantitative research was used in this research with samples of Primary Goods Retail Trade Sub-Sector Companies listed on the Indonesia Stock Exchange (IDX). The annual financial statement and the closing stock price were used in this research as secondary data. The data analysis used a normality test and comparative analysis using SPSS 26 program. The result showed that the Current Ratio (CR) and Debt to Equity Ratio (DER) had significance values of less than α (0.05) thus could be assured that there were significant differences between before and during the COVID-19 pandemic. At the same time Total Asset Turnover (TAT), Return on Asset (ROA), Price Earning Ratio (PER), and Stock Prices had a significance value of more than α (0.05) so it could be known that there were no significant differences. Considering that there has been a lack of analysis on primary goods retail trade sub-sector companies regarding their financial ratios as a consequence of the COVID-19 pandemic. This research can be used as a consideration by investors before investing in primary goods retail trade sub-sector companies, as well as being useful for internal company parties to take a decision.

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“…However, it is worth remembering that no single liquidity ratio can give a complete picture of the financial state of a company. Liquidity ratio analysis should always be done in conjunction with other ratio analyses, such as profitability ratio, debt ratio, or activity ratio, to get a comprehensive picture of the company's financial health [15], [16].…”

Section: Introductionmentioning

confidence: 99%

Financial Performance Analysis of PT A Based on Liquidity Ratio

Dithisari,

Hartika

2024

FMS

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The research objective is to determine the financial performance of PT A from 2018 to 2022 in terms of the liquidity ratio. The type of data used in writing this final project report is quantitative data using secondary data, namely the financial position report from 2018 to 2022. The results of this study indicate that the financial performance of PT A is said to be in bad financial condition because the average liquidity ratio results are below industry standards. It can be concluded that PT A is an illiquid company and has an unfavorable financial condition.

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Corporate Financial Performance in the COVID-19 Pandemic

Cited by 6 publications

References 3 publications

Corporate Financial Measures and Covid-19 Pandemic with Evidence from the Growth Enterprise Market of China’s Shenzhen Stock Exchange

Corporate Financial Measures and Covid-19 Pandemic with Evidence from the Growth Enterprise Market of China’s Shenzhen Stock Exchange

Comparison of Financial Performance and Stock Prices Before and During COVID-19 of Primary Goods Retail Trade Sub-sector Companies Listed on the Indonesia Stock Exchange in 2018–2021

Financial Performance Analysis of PT A Based on Liquidity Ratio

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