Pengaruh Profitabilitas, Likuiditas, Struktur Modal,Dan Financial Distress Terhadap Nilai Perusahaan Sebelum Dan Selama Pandemi Covid-19 (Studi Empiris pada Perusahaan Sub Sektor Restoran, Hotel, dan Pariwisata yang terdaftar di BEI Tahun 2018-2021)

Dewi, Kartika Candra
Vestari, Mekani

Magisma: Jurnal Ilmiah Ekonomi dan Bisnis
Vol 13 No 2 (2025): MAGISMA:Jurnal Ilmiah Ekonomi dan Bisnis

The purpose of this study is to determine the effect of Profitability, Liquidity, Capital Structure, and FinancialDistress on Firm Value before and during the Covid-19 pandemic and to determine the difference inProfitability, Liquidity, Capital Structure, and Financial Distress on Firm Value before and during the Covid19pandemiconrestaurant,hotel,andtourismsub-sectorcompanieslistedontheIndonesiaStockExchangein 2018-2021.Thedatausedinthisstudyissecondarydataobtainedfromthefinancialstatementsofrestaurant, hotel,andtourismsub-sectorcompanieslistedontheIndonesiaStockExchangefor2018-2021.Theanalysis methodusedismultiplelinearregression.TheresultsofthisstudyshowthatProfitabilitybeforetheCovid-19 pandemichadanegativeinsignificanteffectonfirmvalue,whileProfitabilityduringtheCovid-19pandemic had a positive insignificant effect on firm value. Liquidity before the Covid-19 pandemic had a negativeinsignificant effect on firm value, while Liquidity during the Covid-19 pandemic had positive insignificant effecton firm value. Capital Structure before the Covid-19 pandemic had a significant positive effect on firm value,while Capital Structure during the Covid-19 pandemic had a significant positive effect on firm value. FinancialDistress before the Covid-19 pandemic had a significant positive effect on firm value, while Financial Distressduring the Covid-19 pandemic had a significant negative effect on firm value. There is no significant differencebetween firm value before and during the Covid-19 pandemic.