Journal of Trends Economics and Accounting Research
Vol 4 No 4 (2024): June 2024

Firm’s Resilience Before and During Covid-19 Pandemic

Dewi Sriani (Airlangga University, Surabaya)
Radityo Wahyu Subroto (Airlangga University, Surabaya)



Article Info

Publish Date
30 Jun 2024

Abstract

This research aims to investigate the company’s resilience before and during Covid-19 pandemic. The study examines the differences between firm performance and the average performance using Return on Assets (ROA), Total Asset Turnover (TATO), and current ratio (CR) before and during Covid-19 pandemic. This study uses sample from non-cyclical consumer industries listed on the Indonesian Stock Exchange (BEI) for the period 2017-2022 with 258 firm years observation. The data is analyzed with SPSS using paired t-test sample with Wilcoxson Test. The results show that there is a significant performance difference as measured by ROA and TATO before and during Covid-19. The mean ROA value was 8% before and 5.54% during the covid-19 epidemic, respectively. TATO levels were 0.99 and 0.87 correspondingly before and during the covid-19 epidemic. The current ratio, however, does not alter between the two periods. The mean value of current ratio was 2,46 and 2,49 respectively before and during covid-19. The findings also revealed that there is no difference in non-cyclical industries' average performance (ROA, CR, and TATO) before and after the Covid-19 pandemic.

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Journal Info

Abbrev

jtear

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Trends Economics & Accounting Research memuat artikel pada bidang Ekonomi, Akuntansi dan Manajemen. Namun tidak tertutup untuk menerima artikel pada bidang sejenis, seperti: 1. Auditing, 2. Financial Management, 3. Marketing Management, 4. Strategic Management, 5. Organizational Behavior, ...