The Effect of Coronavirus on the Sustainability of Public Company and Its Financial Performance

Study of The Company is listed on the Indonesian Stock Exchange

DOI

10.2991/aebmr.k.210928.049How to use a DOI?

Keywords

component, coronavirus, sustainability, business, financial performance, public company

Abstract

Coronavirus Disease 2019 (COVID-19) has a significant impact on all sectors in Indonesia. Especially for the sustainability of today’s business world, because sustainability is an important issue that has the potential to affect company performance. This condition is increasingly visible in the domestic economy, especially on the corporate side. Deteriorating economic activity and business activities spread to the financial sector, due to the impact of the domestic economic and financial crisis, resulting in financial instability and economic recession. The government provides a stimulus budget for industrial support of IDR 75 trillion which is expected to support the national economic recovery program, so companies need to implement corporate sustainability to improve financial performance and provide confidence for investors because company sustainability is proof that the company has good management. The purpose of this study is to analyze the impact of the coronavirus on the sustainability of the financial performance of public companies listed on the Indonesian Stock Exchange. The method used in data analysis is a descriptive statistical analysis to provide a statistical description of the variables. The population in this study are all manufacturing companies listed on the Indonesian Stock Exchange, the sample selection uses purpose sampling with the criteria for companies listed on the Indonesian Stock Exchange during 2019 which report audited financial reports in 2019 and which report unaudited financial reports up to Quarter III of the year. 2020. Companies that lose money are omitted in the sample. Tests are carried out using multiple linear regression models with the dependent variable being the sustainable growth rate and the independent variables being company size, profitability, leverage, and operating efficiency.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dadang Purwo Ari Widodo
AU  - Zenita Afifah Fitriyani
AU  - Devi Iriandha Widyastuti
PY  - 2021
DA  - 2021/09/30
TI  - The Effect of Coronavirus on the Sustainability of Public Company and Its Financial Performance
BT  - Proceedings of the 3rd Annual International Conference on Public and Business Administration (AICoBPA 2020)
PB  - Atlantis Press
SP  - 248
EP  - 254
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210928.049
DO  - 10.2991/aebmr.k.210928.049
ID  - Widodo2021
ER  -