CD Skripsi
Reaksi Harga Saham Dan Kinerja Keuangan Perusahaan Sebelum Dan Sesudah Pengumuman Covid-19 Pada 2 Maret 2020 (Studi Pada Perusahaan Perhotelan, Restoran Dan Transportasi Yang Terdaftar Di Bei)
ABSTRACT
This study aims to determine the effect of the Covid-19 announcement event in
Indonesia on abnormal returns and financial performance of hotel, restaurant
and transportation companies listed on the Indonesia Stock Exchange (IDX) in
2019-2020. The company's financial performance is measured by financial ratios
in the form of liquidity (CR), profitability (ROA), Leverage (DER) and company
size (size). The technique used in this study is the perposive sampling method and
from this method data were obtained as many as 63 companies. The method used
in this study is an event study, where the event window in this study consists of 10
days before the announcement of Covid-19 and 10 days after the announcement of
Covid-19 in Indonesia, as well as financial reports for the second, third, fourth
quarters of 2019 and 2020. The hypothesis was carried out using the Wilcoxon
signed rank test. The results showed that there were no differences in abnormal
returns and there were differences in the financial performance of hotel,
restaurant and transportation companies before and after the announcement of
Covid-19 in Indonesia.
Keyword : Covid-19 announcements, abnormal returns, company financial
performance.
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