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Journal : Jurnal Ilmiah Tata Sejuta STIA Mataram

Analisis Komprehensif Kesehatan Keuangan Sektor Pariwisatan dan Transportasi dengan Menggunakan Fitriyah, Nur; Bambang, Bambang; Mariadi, Yusli
Jurnal Ilmiah Tata Sejuta STIA Mataram Vol 8 No 2 (2022): Jurnal Ilmiah Tata Sejuta STIA Mataram
Publisher : Pusat Penelitian dan Pengabdian pada Masyarakat Sekolah Tinggi Ilmu Administrasi (STIA) Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32666/tatasejuta.v8i2.309

Abstract

This study aims to analyze and compare the financial condition of tourism and transportation sector companies listed on the Indonesia Stock Exchange before and during COVID-19 using the Altman, Springate, Zmijewski, and Grover models. The type of research used is comparative descriptive research. This comparative study aims to compare the financial health of the tourism and aviation sectors before and during COVID-19. The source of data in this study was obtained from the IDX website, namely http://www.idx.co.id. Data analysis using the Z Score method Altman, Springate, Zmijewski and Grover to determine the financial condition then perform individual and comparative analysis. The results of the study stated that using the four Z-score methods Altman, Springate, Zmijewski, and Grover, the financial condition of the transportation and tourism sectors had decreased financial health since the onset of COVID-19. Where the tourism and transportation sectors before the Covid-19 outbreak were on average safe but after the Covid-19 the level of distress experienced an increase and their safe position decreased. This is because during the Covid-19 period there was a government policy to limit travel and crowds in the community. Where the government implements PSBB policies, transitional PSBB, emergency PPKM to four-level PPKM so that people do not dare to travel and this has a huge impact on the transportation and tourism sectors
The Effect of Covid-19 on Stock Return in the Indonesian Stock Exchange Fitriyah, Nur; Bambang, Bambang; Mariadi, Yusli
Jurnal Ilmiah Tata Sejuta STIA Mataram Vol 9 No 2 (2023): Jurnal Ilmiah Tata Sejuta STIA Mataram
Publisher : Pusat Penelitian dan Pengabdian pada Masyarakat Sekolah Tinggi Ilmu Administrasi (STIA) Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32666/tatasejuta.v9i2.608

Abstract

Many industries have been affected by Covid-19 where since March 2020 the Composite Stock Price Index (IHSG) for the Indonesia Stock Exchange has decreased because many investors sold their shares, especially during the PPKM policy period. The purpose of this study was to find out the cases of COVID-19 against the stock prices of the Indonesian government's policy phase in dealing with COVID-19 during PPKM 2021. The sample of this study was all companies using the panel data regression fixed effect model, this study confirmed that the daily increase in the number of cases Confirmed COVID-19 has a significant negative effect on daily stock returns. Even though this PPKM is the longest policy period among all policies, it does not affect the effectiveness of stock returns. Therefore, in order to help the stock market overcome the COVID-19 crisis pandemic and recover sustainably, the government must be more aggressive, such as extending the policy period and more strict in terms of policy implementation so as to suppress the virus outbreak to increase investor confidence