The Impact of Covid-19 on Financial Performance: Evidence from Logistics Firms in ASEAN

DOI

10.2991/978-94-6463-640-6_17How to use a DOI?

Keywords

Quantitative; Financial Performance; Covid-19; Logistics Firms; ASEAN First Section

Abstract

The objective of this study is to examine the correlation between the financial performance of logistics companies operating in ASEAN countries and the impact of the global pandemic caused by the Sars-CoV-2 virus. In order to analyze the hypotheses formulated in this study, financial data pertaining to logistics companies in ASEAN countries was retrieved from the Osiris Database. To ascertain the impact of the pandemic on financial performance, annual financial data was collected from 2019, prior to the pandemic, and 2021, during the pandemic. The study sample comprised a total of 270 logistics companies. Purposive sampling was employed as the sampling technique. This study employs a descriptive research design with a quantitative approach, utilizing Return on Assets (ROA), Return on Equity (ROE), and Earnings Per Share (EPS) as proxies for financial performance. The results demonstrated that the impact of the pandemic on financial performance was not statistically significant. The conclusion is reinforced by the probability values obtained from the T-test, which are as follows: 0.6936 for ROA, 0.9502 for ROE, and 0.3093 for EPS. Additionally, the coefficient value indicated that the pandemic did not exert a positive influence on financial performance, with values of 0.4572 for ROA, 0.008178 for ROE, and 0.069629 for EPS.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Niki Moktika Dwi Megawati
AU  - Ita Wjiayanti
AU  - Adi Irawan Setiyanto
PY  - 2024
DA  - 2024/12/31
TI  - The Impact of Covid-19 on Financial Performance: Evidence from Logistics Firms in ASEAN
BT  - Proceedings of the  Sixth International Conference on Applied Economics and Social Science (ICAESS 2024)
PB  - Atlantis Press
SP  - 220
EP  - 240
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-640-6_17
DO  - 10.2991/978-94-6463-640-6_17
ID  - Megawati2024
ER  -