The Impact of the COVID-19 Pandemic on Firm Performance

Shen, Huayu; Fu, Mengyao; Pan, Hongyu; Yu, Zhen; Chen, Yong Q.

doi:10.4324/9781003214687-7

Cited by 4 publications

(4 citation statements)

References 7 publications

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“…This triggers an increasingly difficult crisis because it results in a decrease in individual income which also reduces people's purchasing power for goods and services. In line with the research of (Devi et al, 2020;Shen et al, 2020) (Devi et al, 2020); (Atayah & Frederico, 2021) it was found that the company's performance was declining due to the COVID-19 pandemic. ROA and revenue as a form of representation of company performance in this study show declining results from 2019 to 2020 due to the decline in people's income and the weakening of people's purchasing power which affects the income of companies in Indonesia which is also decreasing.…”

Section: Discussionsupporting

confidence: 65%

“…The decline in the company's financial performance was reflected in a decrease in investment value and decrease in income. (Shen et al, 2020) also found that the sectors most affected by COVID-19 in China were the tourism, catering, and transportation sectors. (Hu & Zhang, 2021) researched the effect of the COVID-19 outbreak on company performance in 107 countries.…”

Section: Introductionmentioning

confidence: 98%

“…Research on the consequences of the company's response to crisis conditions due to the COVID-19 outbreak was carried oy by (Shen et al, 2020), which examines the performance of companies listed on the Chinese stock exchange. The decline in the company's financial performance was reflected in a decrease in investment value and decrease in income.…”

Section: Introductionmentioning

confidence: 99%

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

Widiar,

Setyahuni

2023

BLC

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The spread of Corona Virus Disease (COVID-19) cause devastating effect on board aspects including economic growth. Companies face the decrease in business performance which is caused by the supply and demand aspects. 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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Section: Discussionsupporting

confidence: 65%

Section: Introductionmentioning

confidence: 98%

Section: Introductionmentioning

confidence: 99%

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

Widiar,

Setyahuni

2023

BLC

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“…Kinerja perusahaan sangat bergantung pada kemampuan manajemen untuk menghasilkan dan mengelola sumber daya yang unik dan spesifik untuk bersaing dan bertahan dalam berbagai situasi (Devi et al, 2020). Menurut (Shen et al, 2021), untuk membantu kinerja keuangan perusahaan pertambangan di China dari berbagai situasi ekonomi yang berisiko, perlu diciptakan keunggulan kompetitif baru untuk pembangunan jangka panjang. Penelitian mengenai kondisi keuangan bank ketika sebelum dan selama terjadinya pandemi covid-19 maupun penelitian terkait pengaruh pandemi covid-19 pada kinerja bank telah dilakukan.…”

Section: Pendahuluanunclassified

Dampak Pandemi Covid-19 Pada Kinerja Keuangan Bank Perkreditan Rakyat Di Bali

Srinadi

Putri

2022

EEB

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The economic downturn due to the Covid-19 pandemic has an impact on the financial sector, one of which is Rural Banks (BPR). The results of previous studies showed inconsistent results and mostly carried out on commercial banks motivated to conduct research on the impact of the COVID-19 pandemic on the financial performance of rural banks. This study uses 132 BPRs in Bali as research samples with an observation period of 2019-2020. The variables used in this study are Capital Adequacy Ratio, BOPO Ratio, Return on Assets, Loan to Deposit Ratio, Non-performing Loan. The hypothesis was tested by means of two different tests of paired sample means. The results showed that the CAR, BOPO Ratio, ROA were between before and during the covid-19 pandemic. Meanwhile, the LDR and NPL did not show a significant difference between before and during the pandemic.

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Does ESG disclosure enhance firm performance during COVID-19? Evidence from Nifty 500 firms

Vidya Bai,

Frank,

Sudhir Prabhu

2024

Investment Management and Financial Innovations

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Market turmoil caused by COVID-19 has weakened firms’ financial performance, highlighting the prominence of sustainable business practices by incorporating Environmental, Social, and Governance performance and their disclosure. Though past studies investigated COVID-19’s impact on firm performance, there is consensus on the role of firms’ Environmental, Social, and Governance disclosures between firm performance and the pandemic. With this view, the study aims to examine the impact of COVID-19 on firms’ financial performance with the moderating role of Environmental, Social, and Governance performance disclosure. To do so, the study retrieved data of Nifty 500 index companies from the Bloomberg database for a sample period ranging from 2016 to 2022. To this end, the study performed the fixed-effect regression and GMM model. The findings reveal a significant negative impact of the pandemic on Return on Assets (β =-4.812), Return on Equity (β =–.675), and Earnings Per Share (β = –2.875), highlighting the unfavorable effect of the pandemic on firm performance. Further results showed that firms’ Environmental, Social, and Governance performance disclosure positively moderates the connection between COVID-19 and Return on Assets (β = 3.231), Return on Equity (β = 0.032), and Earnings Per Share (β = 1.523), respectively. This indicates that companies actively involved in Environmental, Social, and Governance disclosure are less likely to suffer during the pandemic in terms of financial performance due to their ESG disclosures.

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The Impact of the COVID-19 Pandemic on Firm Performance

Cited by 4 publications

References 7 publications

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

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

Dampak Pandemi Covid-19 Pada Kinerja Keuangan Bank Perkreditan Rakyat Di Bali

Does ESG disclosure enhance firm performance during COVID-19? Evidence from Nifty 500 firms

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