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Journal : Journal of Business

Financial Performance Analysis in Predicting Corporate Bankruptcy: Before and During the COVID-19 Pandemic Purwaningsih, Sri; Pernamasari, Rieke
Journal of Business & Management Vol. 2 No. 2 (2024): Journal of Business & Management
Publisher : Training & Research Institute - Jeramba Ilmu Sukses

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/jbm.v2i2.1723

Abstract

This study holds significant implications as it analyzes financial performance in predicting bankruptcy in retail sector companies before and during the COVID-19 pandemic. It is a part of the 3rd TKT measurement, providing a comprehensive analytical and experimental understanding. Financial performance is gauged through the Current Ratio (CR), debt-to-equity ratio (DER), and Return on Assets (ROA). The research method employed is a quantitative approach. By using the purposive sampling method, a sample of 22 companies was obtained, with 2 years of observation before the Covid-19 pandemic and 2 years during the Covid-19 pandemic. The research findings reveal that the CR and ROA variables had a positive effect on financial distress, while the DER variable did not affect financial distress. Furthermore, the study concludes that there was no difference in the potential for financial distress before and during the COVID-19 pandemic, providing a unique and intriguing perspective on the impact of the pandemic on the retail sector.  
Co-Authors -, Maison AA Sudharmawan, AA Achirul Nditasari aditya yudha prawira soekarno Afifah, Shafa Sabitananda Agoes M Jacoeb Agoes Mardiono Jacoeb Agung Adi Nugroho, Agung Adi Ahmad Fauzan Lubis Alam, M. Sastra anak agung putu ayu puspita negara Anggri Alfira Yunita Assa Anggyani, Tasya Anna Carolina Erungan Annisa Rahma Fatmala Apit Setiani April Yanti, Fitri Arma Yenni, Yuli Asih Rahayu Ajeng Agesti Aswan, Dara Mutiara Aziza Putri Ningsi Azrifitria, Azrifitria Badeni Badeni, Badeni Bagus Sediadi Bandol Utomo Bambang Hariyadi Bambang Hariyadi Bambang P. Priosoeryanto Benny Manulang Bodová, Klára Darmaji Darmaji Darmaji, Darmaji Denny Susanto Dewa, Wisnu Jaka Dewi Ulfa Trisdiani Dewi, Tirta Kumala Dwi Agustiyani Effionora Anwar eka - deskawati Eka Ayuningrat Eka Deskawati Ekowati Handharyan Ekowati Handharyani ella - salamah ella - salamah Ella Salamah Ella Salamah Ella Salamah Ella Salamah Ella Salamah Ella Salamah Ellis Permatasari Ema Hastarini Entis Sutisna Erna Kristin Estelle Lilian Mua Evita Anggereini Evy Damayanthi Fahriza Sri Afni Febri Berthalita Pujaningsih Fitriany Podunge Gian P Apriyana Haerul Pathoni, Haerul Hebat Shidow Falah Heldalia Heldalia Hendri, Menza Hermawan Susanto Hidayati Hidayati I Gede Restawan I'tishom, Reny Indah Ria Lestari Janice Sepang Joko Santoso Jules Nurhatmi Juliana Neng Ribka Jumain Kustiariyah Tarman Lestari, Neneng Loviya, Mesi M. Nur Adnin Mala Nurilmala Maretty Twentyna Dolorosa Marna, Sri Mar’atun Rohmah Susanti Masikah Maylan Dewi Meilin Anggreyni MERLINDA KEMALA DEWI Mesi Loviya Muhammad Haris Effendi Hasibuan Mulyani, Nani Mustika, Gina Mutmainnah. HS Nehru Nikmawatisusanti Yusuf Nizel Huda Nizlel Huda Nova Natalia Beba Noveliyana, Yulista Nugroho, Cahyo Adhi Nurhikma Nurhikma Nurjanah Nurjanah Nurwulan, Afrida Olga Purnama Bakti Purwani Istiana Purwanti Ningsih Putra, Syailendra Putri Julia Mizulni Putri, Kinanti Eka Rahman, Dewi Rahmayani Rahmat Hidayat Rahmatia Garwan Rahmatia Garwan Ramacos Fardela Rayandra Asyhar Reki A. Febriani Rengganis, Inggi Reryd Arindany Wiryawan, Reryd Arindany Retno Wulan Dari Reza Dewantoro Riantoni, Cicyn Rieke Pernamasari Rika Kurnia Rimbawan , Rinto . Riska Fitriani Rita Arnila Riviani Riviani Riyan Triono Rosmawati Peranginangin Ruddy Suwandi Rustiyono, Rustioyono Sabarulin Sabarulin safrina dyah hardiningtyas Salsabila, Laili Salsabila, Putri Titania Sari, Jenni Sarjiya Antonius Sereli Pia SILMI MARIYA Sinulingga, Fahri Siti Madanijah Soesanta, Rasagama Putra Sri Retno Widyorini Sudarwan Danim Sugeng Heri Suseno Sukamto, Ika Sumiyarsi Syafrizal Ulum, Syafrizal Syeni Budi Anita TATI NURHAYATI Taufik Hidayat Tika A. Budiarti Tiza Yunisca Sari Tri Ariani Tri Ariani Upik Yelianti Wahyu Ramadhan Wini - Trilaksani Yanri Wijayanti Subronto Yennita Zulfarina, Zulfarina