Financial Performance Analysis Before and After the Rise of Digital Companies (Case Study in the Transportation, Banking and Manufacturing Sector Listed on the Indonesia Stock Exchange)

Sari Widati (), Purwanto Purwanto () and Vionita Nadila Putri ()
Additional contact information
Sari Widati: Lecturer of Management, Faculty of Economics. University of Veteran Bangun Nusantara Sukoharjo, Indonesia
Purwanto Purwanto: Faculty of Economics. University of Veteran Bangun Nusantara Sukoharjo, Indonesia
Vionita Nadila Putri: Management Student, Faculty of Economics. University of Veteran Bangun Nusantara Sukoharjo, Indonesia

New Challenges in Accounting and Finance, 2023, vol. 9, 13-25

Abstract: Rapid technological developments in this era have an impact on incumbent companies or in other words, are companies that first exist and operate in the world. Technology has an influence on every area of ​​human life. The increasing number of online technology-based digital companies such as start-up companies on demand, financial technology (fintech) companies, and electronic commerce (e-commerce) companies, of course have an impact on incumbent companies in various sectors. This study was conducted to determine whether or not there are differences in the financial performance of incumbent companies between before and after the rise of digital companies. This research was conducted on companies in the transportation, banking and manufacturing sectors listed on the Indonesia Stock Exchange in 2012-2014 and 2016-2018, using profitability ratios, leverage ratios, liquidity ratios and activity ratios as measured by return on assets (ROA), debt ratio (DR), current ratio (CR) and total assets turnover ratio (TATO). Tests carried out include descriptive statistical analysis, normality test and hypothesis testing. In testing the hypothesis using the paired sample t-test method. The results of this study are that there is no significant difference in financial performance before and after the rise of digital companies assessed from ROA, DR, CR and TATO. In testing the hypothesis using the paired sample t-test method.

Keywords: Financial Performance; Digital Company; Return On Assets (ROA); Debt Ratio (DR); Current Ratio (CR) And Total Assets Turnover Ratio (TATO) (search for similar items in EconPapers)
Date: 2023
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://api.eurokd.com/Uploads/Article/550/NCAF.2023.09.02.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bco:ncafaa::v:9:y:2023:p:13-25

DOI: 10.32038/NCAF.2023.09.02

Access Statistics for this article

New Challenges in Accounting and Finance is currently edited by Prof. Dr. Orhan Elmacı

More articles in New Challenges in Accounting and Finance from EUROKD
Bibliographic data for series maintained by Sara Gunen ().