Company Financial Performance Before and During The Covid-19 Pandemic

Putra, Ferdy; Khoiriyah, Mayla; Abdurrahman, Rezi; Fatriansyah, Alif Ilham Akbar

doi:10.26714/mki.13.2.2023.173-183

MAKSIMUM

2023

DOI: 10.26714/mki.13.2.2023.173-183

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Company Financial Performance Before and During The Covid-19 Pandemic

Ferdy Putra,

Mayla Khoiriyah,

Rezi Abdurrahman

et al.

Abstract: This research aims to examine how liquidity, leverage, activity, and growth influence company financial performance before and during the COVID-19 pandemic. This research used purposive sampling with a population of manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2017-2019 for the period before the COVID-19 pandemic and in 2020 during the COVID-19 pandemic obtained 279 observations. Data were analyzed using SPSS 26. The results showed that Liquidity significantly affected the company's … Show more

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2024

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Cited by 2 publications

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A Financing Constraints Paradox? Internal Finance and Capital Structure Link for Tourism Firms: Asian Emerging Market evidence

Tuğsal Doruk,

Martial Gohore

2024

Sage Open

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The aim of the study is to investigate the relationship between the internal financial and capital structure of an organization in the travel and tourism sector. The study shows how financial constraints on tourism companies affect their ability to finance themselves. The study also shows a relationship between tax shielding and financial leverage. This study analyzes panel data collected over a 21 year period, from 1998 to 2019, from over 100 publicly traded tourism companies in three Asian countries. A panel data methodology and the generalized method of moments estimation (GMM) were used in this empirical study. To support our hypothesis, using a generic method to evaluate parameter estimation will be our most effective method to improve the literature. Overall, the results show that financially stressed tourism firms use their option of debt-free tax avoidance to increase leverage. There is also a positive correlation between tax haven and leverage for firms with limited resources. The correlations between financial leverage and corporate debt supported by the results theoretically support the pecking order. By providing useful insights into the tax shielding of non-debt, which is significantly correlated with leverage for firms operating in tourism, this study closes the gap in firms’ capital structure decisions regarding access to finance. JEL Classification: G0, G01, L25

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A Financing Constraints Paradox? Internal Finance and Capital Structure Link for Tourism Firms: Asian Emerging Market evidence

Tuğsal Doruk,

Martial Gohore

2024

Sage Open

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Comparative Analysis of the Financial Performance of Jordanian-listed Companies during and after the covid-19 Pandemic

Lutfi,

Almasria,

Aldboush

et al. 2024

Wseas Transactions on Business and Economics

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One of the main financial management issues in the world is determining factors that influence the return of the stock exchange, which has been the subject of numerous studies recently. Although this topic is one of the most explored in accounting and finance in recent years, there is still a scarcity of investigations on the developing markets- especially making a comparison during and after the pandemic. Therefore, the key objective of the current study is to shed light on the effects of the COVID-19 epidemic on the returns of the stock markets of the Jordan Stock Exchange sectors. Specifically, it examines the effect of COVID-19 on the banking, industry, insurance, and services sectors in the Jordanian stock markets for the period from 2020 until 2022, daily, at a rate of (512) trading days for the Jordanian Stock Exchange. The analysis was conducted using regression analysis. The results supported the number of new daily cases of COVID-19 in Jordan had a positive impact on the returns of the most affected industry sector, then the banking sector, followed by the services sector. However, it hurts the insurance sector. The return of the stock exchange appears to be more sensible to newfound cases of infection with the Coronavirus. In contrast, the new deaths from the Coronavirus do not influence the sectors of the Jordanian Stock Exchange. This study results revealed that the Jordan Stock Exchange sectors are facing challenges in terms of the restrictions on economic activities, which ultimately influence the stock return. This study's results contribute to various concerned parties, investors, authorities, researchers, and financial analysts alike in thoughtful consideration of the existing practices of the returns of the stock exchange, assisting them in reviewing and reconsidering the applied accounting standards and enlightening the financial report credibility in the Jordanian market. The present study suggests that firms uphold financial aspects and metrics and oversee them during any pandemic or any similar events, and stock market decision-makers need to develop strategies for minimizing the disparities in financial performance during and post-pandemic periods. Added to these, the study provides information that policymakers, investors, and the whole society may find useful concerning the adverse effects of natural disasters on the economies to lay down best practices in risk management strategies and crisis adaptability.

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Company Financial Performance Before and During The Covid-19 Pandemic

Cited by 2 publications

References 22 publications

A Financing Constraints Paradox? Internal Finance and Capital Structure Link for Tourism Firms: Asian Emerging Market evidence

A Financing Constraints Paradox? Internal Finance and Capital Structure Link for Tourism Firms: Asian Emerging Market evidence

Comparative Analysis of the Financial Performance of Jordanian-listed Companies during and after the covid-19 Pandemic

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