Article abstract

Journal of Economics and International Business Management

Research Article | Published July 2021 | Volume 9, Issue 2, pp. 51-58.

doi: https://doi.org/10.33495/jeibm_v9i2.21.118

 

The impact of covid-19 on Indonesian companies share price

 


 

 

Herman Soegoto

 

Email Author
Tel: 08122097401.

 

Universitas Komputer, Indonesia.


……......................................…....……...……………...................…....…........…....…..................................................………...……..….........………...........

Citation: Soegoto H (2021). The impact of covid-19 on Indonesian companies share price. J. Econ. Int. Bus. Manage. 9(2): 51-58. doi: 10.33495/jeibm_v9i2.21.118.

……......................................…....……...……………...................…....…........…....…..................................................………...……..….........………...........




 Abstract 


This research aims to identify the impact of Covid-19 on shares price from Indonesian companies that have the best financial performance in their specialized sector or sub-industry sector. This research acts as a source of helpful information for the investors and traders in Indonesia in order to increase the chance of success in the stock market. This research uses a quantitative method by analysing data from the company’s yearly financial report within the past three years and each company's share prices in January and December 2020. The company's financial analysis is the balance sheet data, profit and loss, cash flow and financial ratio. The share price data used are from 2 January 2020 and 30 December 2020. Based on the research result, it can be identified that the share price from a company that has a raising financial performance in the past three years has better endurance in regards to the plummeting share prices due to the COVID-19 pandemic. Stocks investors are strongly advised to limit their investment in companies that have good financial performance.

Keywords  Covid 19   share price   financial performance  

 

 

Copyright © 2021 Author(s) retain the copyright of this article.

This article is published under the terms of the Creative Commons Attribution License 4.0

 

 

  References 

 

Alam AB (2017). Pengaruh EVA, MVA, ROE dan TATO terhadap Harga Saham Food and Beverage. Jurnal Ilmu dan Riset Manajemen.

Andrianto Y, Mirza AR (2015). A Testing of Efficient Markets Hypothesis in Indonesia Stock Market. 3rd Global Conference on Business and Social Science, 16-17 December 2015, Kuala Lumpur Malaysia.

Asri M, Heviadi A (1999). Price Earnings Ratio (PER) Model Consistency: Evidence from Jakarta Stock Exchange. Gadjah Mada Int. J. Bus. 1(2):85-97.

Avallone F, Ramassa P, Roncagliolo E (2016). XBRL Extension to the Financial Statement Notes: Field-based Evidence on Unlisted Companies. Int. J. Digital Account. Res. 16(3):61-84.

Badruzaman J, Andriani R, Firmansyah I (2018). The Analysis of Stock Price at Indonesia Stock Exchange. Int. J. Recent Sci. Res. 9(7A):27769-27773.

Bhatt P, Sumangala JK (2012). Impact of Earnings per share on Market Value of an equity share: An Empirical study in Indian Capital Market. J. Finan. Account. Manage. 3(2):1-14.

Dayong L, Wu W (2018). Margin trading and price efficiency: information content or price‐adjustment speed? Accounting and Finance Association of Australia and New Zealand.

Dita AH, Murtaqi I (2014). The Effect of Net Profit Margin, Price to Book Value and Debt to Equity Ratio to Stocks Return in the Indonesian Consumer Goods Industry. J. Bus. Manage. 3(3):305-315.

Khairudin K, Wandita (2017). Analisis pengaruh rasio Profitabilitas, Debt to Equity Ratio (DER), Price to Book Value (PBV) terhadap harga saham Perusahaan Pertambangan di Indonesia. Jurnal Akuntansi & Keuangan.

Mashkour AC (2019). Analysis of Financial Statements. Department of Business Administration, Al Muthanna University.

Musinszki Z (2016). Pénzügyi Mutatókon Innen És Túl. [Financial ratios from here and beyond]. Észak-magyarországi Stratégiai Füzetek, 13(2): 71-80.

Öztürk H, Karabulut TA (2018). The Relationship between Earnings-to-Price, Current Ratio, Profit Margin and Return: An Empirical Analysis on Istanbul Stock Exchange. Account. Finan. Res. J. 7:1.

Setzu A, Marchesi M (2006). The Effects of Short-Selling and Margin Trading:a Simulation Analysis. DIEE, University of Cagliari.

Shen P (2001). The P/E Ratio and Stock Market Performance. Federal Reserve Bank of Cansas City.

Zaman R (2014). Impact of Dividend Yield and Price Earnings Ratio on Stock Returns: A Study Non-Financial listed Firms of Pakistan. Res. J. Finan. Account. 5:19. https://finance.yahoo.com. https://www.idx.co.id.