Apakah Ada Peluang Ketika Krisis? Pandemi Covid-19 dan Kinerja Perusahaan di Bursa Efek Indonesia

Ramel Yanuarta RE - Universitas Negeri Padang
Alfitriani Alfitriani - Universitas Negeri Padang
Silvia Netsyah - Badan Pusat Statistik Padang

Abstract


The purpose of this study was to determine the impact of Covid-19 on company performance on the Indonesian stock exchange, particularly the consumer cyclicals and consumer non-cyclicals sectors in 2017-2021. The sample of this study is the consumer cyclicals and consumer non-cyclicals sectors with 120 issuer and selected using with purposive sampling technique. The analytical method used is panel data regression analysis using Stata. The results show that (1) Covid-19 pandemic has a negative impact on the performance in the consumer cyclicals than on non-cyclicals consumer sectors, (2) when the firm’s investment scale is smaller, the negative impact of COVID-19 pandemic on firm performance is not more pronounced, (3) the negative impact of COVID-19 pandemic on firm performance is not more pronounced, if a firm’s sales revenue is less.

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DOI: http://dx.doi.org/10.24036/jmpe.v6i3.14811