Comparison of Financial Performance and Stock Prices Before and During COVID-19 of Primary Goods Retail Trade Sub-sector Companies Listed on the Indonesia Stock Exchange in 2018–2021

Yessica Anindita and Wuryaningsih Dwi Lestari ()
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Yessica Anindita: University of Muhammadiyah Surakarta (UMS)
Wuryaningsih Dwi Lestari: University of Muhammadiyah Surakarta (UMS)

A chapter in Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2), 2024, pp 338-354 from Springer

Abstract: Abstract Outspread COVID-19 in recent years has impacted every company in the world. One of them is Primary Goods Retail Trade Sub-Sector Companies. This research aims to understand whether financial performance and stock prices have been affected by COVID-19. Quantitative research was used in this research with samples of Primary Goods Retail Trade Sub-Sector Companies listed on the Indonesia Stock Exchange (IDX). The annual financial statement and the closing stock price were used in this research as secondary data. The data analysis used a normality test and comparative analysis using SPSS 26 program. The result showed that the Current Ratio (CR) and Debt to Equity Ratio (DER) had significance values of less than α (0.05) thus could be assured that there were significant differences between before and during the COVID-19 pandemic. At the same time Total Asset Turnover (TAT), Return on Asset (ROA), Price Earning Ratio (PER), and Stock Prices had a significance value of more than α (0.05) so it could be known that there were no significant differences. Considering that there has been a lack of analysis on primary goods retail trade sub-sector companies regarding their financial ratios as a consequence of the COVID-19 pandemic. This research can be used as a consideration by investors before investing in primary goods retail trade sub-sector companies, as well as being useful for internal company parties to take a decision.

Keywords: Financial Performance; Stock Prices; COVID-19 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-204-0_29

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