Fundamental factors and tax management as a measure of company performance during the Covid 19 pandemic in Indonesia case of LQ 45 shares on the Indonesia Stock Exchange (IDX)

DOI

10.2991/978-2-38476-132-6_64How to use a DOI?

Keywords

performance; financial ratio; deferred tax

Abstract

Since The development of digitalization in the current era has an impact on various areas of people’s lives. Changes are very fast, fundamental by messing up the pattern of the old order to create a new order. This era is usually called the era of disruption. Disruption targets inefficient industries and areas. The emergence of the Covid-19 outbreak has contributed to accelerating the era of disruption. At the end of 2019 the world is facing a big problem. The financial sector regulatory and supervisory authority (OJK) stated that the COVID-19 pandemic had had a very heavy impact. One of them is the Composite Stock Price Index (IHSG). COVID-19 is an important factor contributing to market inefficiencies, creating opportunities for traders and speculators to profit. The research objective is to know and explain company performance as represented by stock price (Y) as the dependent variable which can be influenced by several independent variables, in this case including the fundamental factors namely Return on Assets (ROA), Return on Earnings (ROE), Book Value per Share (BVS) and Earning Per Share (EPS) and deferred tax expense. This study uses a quantitative method with secondary data obtained from annual reports from 2018 to 2022. The population consists of LQ-45 companies listed on the IDX from 2018 to 2022. The sample is determined through purposive sampling. The research was analyzed using multiple linear regression methods.

the conclusions that can be found are Return on Assets (ROA), Return on Earnings (ROE), Book Value per Share (BVS) and Earning Per Share (EPS) on Stock Prices which show significant positive results by obtaining a significance value. This shows that there are variables that affect the stock price. From the test it was concluded that only one variable influences the stock price, namely Book Value per Share (BVS). The results of the second model regression analysis between the deferred tax on stock prices show insignificant results, or in other words there is no effect of deferred tax on stock prices. This is different from previous studies. Where is the possibility of the condition of Covid-19 affecting the results of the research.

Copyright

© 2023 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  - Erwin Harinurdin
PY  - 2023
DA  - 2023/10/31
TI  - Fundamental factors and tax management as a measure of company performance during the Covid 19 pandemic in Indonesia case of LQ 45 shares on the Indonesia Stock Exchange (IDX)
BT  - Proceedings of the 6th International Conference on Vocational Education Applied Science and Technology (ICVEAST 2023)
PB  - Atlantis Press
SP  - 751
EP  - 765
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-132-6_64
DO  - 10.2991/978-2-38476-132-6_64
ID  - Harinurdin2023
ER  -