Articles

Differences in Financial Performance of LQ45 Companies Listed on the Indonesian Stock Exchange during the Covid-19 Pandemic

/in /by

The global economy has been hit by a crisis, including the Covid-19 pandemic, which is no different than what Indonesia is experiencing. The pandemic has infected and affected the economic power of all countries. Performance during a pandemic should be studied very diligently. This phenomenon led to the first research on Indonesian companies. The purpose of this study is to determine the company’s performance before the pandemic and during his Covid-19 pandemic. For this, the researcher uses the “strong” firms in the Indonesian capital market – his LQ-45 firms. A total of 45 and 21 companies from various sectors were obtained using a targeted random sampling method. This data is collected through annual financial reporting for the 2018-2019 pre-pandemic and 2020-2021 during the Co-19 pandemic. Variables used to define company performance are current ratio (CR), gearing (DER), total assets turnover (earnings), return on equity (ROE), and earnings per share (EPS) is. Using these variables is suggested by researchers as representative of each company’s financial metrics. The research method used is another test of paired data. A data normality test was previously performed and found that the data used were not normally distributed. Therefore, for further analysis to determine whether there were differences before and during the Covid-19 pandemic, the Wilcoxon paired difference test was used in the analysis. We found no difference in firm performance between CR and DER variables before and during. However, when it comes to revenue, ROE and EPS, there are differences in company performance in the LQ-45. Apart from that, these results also show that business performance has declined during the Covid-19 pandemic.

Analysis of Factors Affecting Capital Structure in Food and Beverage Companies in the Indonesia Stock Exchange

/in /by

The capital structure of food and beverage sector companies on the Indonesia Stock Exchange is influenced by several variables, such as; Profitability, Liquidity and Activities of the company. The purpose of this study is to analyze the factors that influence the Capital Structure of Food and Beverage Sector Companies on the Indonesia Stock Exchange (IDX).

The population of the Food and Beverage Sector Companies on the Indonesia Stock Exchange (IDX) for the 2014 – 2018 period is 30 companies and 11 companies can be sampled. The analysis method uses the Classical Assumption Test, Correlation Test, Multiple Linear Regression, ANOVA Test and Partial t Test, using SPSS Software Version 22.

The results showed that the Current Ratio and Asset Structure had a significant effect on the capital structure of the Food and Beverage Sector Companies on the Indonesia Stock Exchange, while Return on Equity had no significant effect. Taken together, ROE, CR and SA have a significant effect on the Capital Structure of Food and Beverage Sector Companies on the IDX.