Company Financial Performance Before and During The Covid-19 Pandemic

Abstract

The goal of this research is to examine how liquidity, leverage, activity, and growth influence company financial performance before and during the Covid-19 pandemic. This research used a purposive sampling technique with a population of manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2017-2019 for the period before the Covid-19 pandemic, and in 2020 during the Covid-19 pandemic obtained 279 sample observations. Data were analyzed by SPSS 26.  The results showed that Liquidity has significant positive effect on the company's financial performance before the Covid-19 pandemic, while it has significant negative effect on ROA, a significant negative effect on ROE and an insignificant positive effect on Tobin's q during the Covid-19 pandemic. Leverage has significant negative effect before and during the Covid-19 pandemic. Activity has significant positive effect before the Covid-19 pandemic while it has non-significant positive effect during the Covid-19 pandemic. Growth has significant positive effect before the Covid-19 pandemic while a non-significant positive effect on ROA and ROE and an insignificant negative effect on Tobin's q during the Covid-19 pandemic.