The Effect of Covid-19 on The Financial Performance of Indonesia’s Livestock Industry

Gaisani, Maghfira Puti; Fahmi, Idqan; Sasongko, Hendro

doi:10.17358/jma.18.3.229

Cited by 6 publications

(9 citation statements)

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“…The results of this study are not in line with Roosdiana (2020), who stated that there were no differences in the financial performance of property and real estate companies before and during the Covid pandemic. The results of this study also contradict Cahyaningati et al (2022) and Gaisani et al (2021), who concluded that the higher the Covid case, the higher the performance of manufacturing and poultry companies in Indonesia because companies use start-ups and online businesses in their operations. While the increase in total asset turnover shows that working capital management remains under control, this is a characteristic of LQ45 companies.…”

Section: Findings and Discussioncontrasting

confidence: 99%

“…The liquidity ratio measures the firm's ability to pay its current liabilities within one year. In contrast to previous studies that used the Current Ratio, this study uses a more conservative ratio, namely the Quick Ratio, which is a comparison of current assets minus inventories divided by current liabilities (Esomar & Christianty, 2021;Gaisani et al, 2021;Saputro & Hapsari, 2022;Veselinova & Samonikov, 2021). The current ratio that can be developed is mainly that the company can pay its obligations in the future, causing difficulties in collecting not and activities can.…”

Section: Financial Performancementioning

confidence: 99%

“…The profitability ratio measures the company's ability to generate profits. The ratio commonly used to measure profitability ratios is Net Profit Margin which is the ratio of net profit after tax to total income (Gaisani et al, 2021;Lowardi & Abdi, 2021;Notta & Vlachvei, 2014;Saputro & Hapsari, 2022). In general, the economic crisis threatens the firm's continuity in generating profits because the decline in consumer purchasing power will reduce the demand for products or services produced.…”

Section: Financial Performancementioning

confidence: 99%

“…In general, an industry with positive Gross Domestic Product will be positively affected; meanwhile, while an industry with negative Gross Domestic Product will be negatively affected (Anafia & Ulpah, 2021). Research on the firm performance listed on the Indonesia Stock Exchange based on specific industries found various conclusions depending on the characteristics of each industry (Cahyaningati et al, 2022;Gaisani et al, 2021;Prestianawati & Setyanti, 2021).…”

Section: Introductionmentioning

confidence: 99%

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Does the Covid-19 pandemic affect the financial performance of corporations? Empirical evidence from Indonesia

Paranita

2022

IJRBS

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The purpose of this study is to empirically analyze the performance of liquidity, leverage, profitability, and activities of firms on the Indonesia Stock Exchange during the Covid-19 pandemic based on a quantitative approach. This study uses secondary data from financial reports of firms listed on the Indonesia Stock Exchange that are included in the LQ45 index, which represents the movement of the capital market based on specific criteria. The results reveal that the Covid-19 pandemic has hurt the Indonesian firm’s financial performance. The worst condition has increased the leverage ratio, and the profitability and activity ratio declined, as experienced in several emerging countries. The findings of this research can be a bunch of information for investors in making decisions that these financial ratios are sensitive to economic volatility. In addition, this finding also adds insight to the company's management, especially LQ45 companies, that the company is expected to be able to maintain its financial fundamentals of these ratios. Further research needs to be carried out on how the effects of the Covid-19 pandemic influence financial performance according to the sector type of the firm and conducted in more time series periods.

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Section: Findings and Discussioncontrasting

confidence: 99%

Section: Financial Performancementioning

confidence: 99%

Section: Financial Performancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Does the Covid-19 pandemic affect the financial performance of corporations? Empirical evidence from Indonesia

Paranita

2022

IJRBS

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“…There are several efficiency studies related to banking and the financial impact due to the COVID-19 pandemic that can be presented. Gaisani et al (2021) analyze the impact of COVID-19 on the financial performance of Indonesia's poultry industry companies. Financial performance is the dependent variable while the independent variables are leverage, liquidity, revenue, profitability, firm size, and COVID-19.…”

Section: Methodsmentioning

confidence: 99%

A Strategy Map Model to Improve The Efficiency of Indonesian Banks

Achsani

Andati

Maulana

2022

jma

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This study approaches the problem of banking efficiency in an innovative way. It aims to identify workable solutions for enhancing the efficiency of Indonesian banks as something that is very important after this pandemic Covid-19 time. In order to build a strategy map model, the research is divided into four steps: (1) a desk study of best practices for enhancing banking efficiency; (2) a survey for choosing strategies; (3) a focus group discussion to identify relationships among strategies; and (4) an Analytic Network Process (ANP) modeling to prioritize and build a strategy map model. According to the Strategy Map, the following areas should be prioritized for efficiency improvement: Financial, Customer Value, Learning and Growth, and Internal Process. Indonesian bankers could allocate limited resources in ways that would boost the efficiency of the majority of banks based on the designed strategy map. Despite the fact that these strategy maps are not universal, the research shows that the suggested method is a practical and objective way to create more justified strategy maps.

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Determinants of agricultural companies’ financial performance: The experience of Poland, Slovakia and Ukraine

Lehenchuk

Чижевська

Meluchová

et al. 2023

Investment Management and Financial Innovations

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The purpose of the study is to conduct a comparative analysis of the determinants affecting the financial performance of agricultural enterprises in Poland, Slovakia and Ukraine. As the main research method, panel data regression analysis was used to analyze data from 34 Polish, 123 Slovak, and 305 Ukrainian agricultural companies for the period 2017–2020. To analyze the links between financial performance measures and its determinants, nine models were developed based on three selected dependent variables (Return on Assets, Return on Equity, Return on Sales) in each of the countries studied. Seven independent variables were used, such as Leverage, Long-Term Debt to Assets, Short-Term Debt to Assets, Debt to Equity, Current Ratio, Asset Tangibility, Capital Intensity, and two control variables such as Size and Dummy variable for legal form. The most significant impact on the financial performance of agricultural enterprises has: for Polish enterprises – Return on Assets – Leverage and Asset Tangibility, Return on Equity – Debt to Equity and Dummy variable for legal form, Return on Sales – Current Ratio, Capital Intensity, and Size; for Slovak enterprises – Return on Assets – Current Ratio, Return on Equity – Debt to Equity, Return on Sales – Current Ratio, and Capital Intensity; for Ukrainian enterprises – Return on Assets – Leverage and Size, Return on Equity – Debt to Equity, and Current Ratio, Return on Sales – Capital Intensity.

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The Effect of Covid-19 on The Financial Performance of Indonesia’s Livestock Industry

Cited by 6 publications

References 0 publications

Does the Covid-19 pandemic affect the financial performance of corporations? Empirical evidence from Indonesia

Does the Covid-19 pandemic affect the financial performance of corporations? Empirical evidence from Indonesia

A Strategy Map Model to Improve The Efficiency of Indonesian Banks

Determinants of agricultural companies’ financial performance: The experience of Poland, Slovakia and Ukraine

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