PENGARUH KINERJA KEUANGAN TERHADAP POTENSI KEBANGKRUTAN MASA PANDEMI COVID-19 (PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI)

Abstract

The pandemic of Covid-19 which happens today, has either positive or negative effects. One of the negative effects which is caused by the pandemic is bankruptcy. It happens as within companies’ financial performance, the profit declines. Therefore, the research aimed to find out the effect of financial performance which was referred to Working Capital to Total Asset, Retained Earning to Total Asset, EBIT to Total Asset, Market Value of Equity to Total Liabilities, and Sales to Total Asset on Bankruptcy potency during pandemic of Covid-19. The population was transportation and logistic manufacturing companies; with its 2 years observation, i.e. 2019-2020. Moreover, the data collection technique used purposive sampling. In line with that, there were 54 samples which had fulfilled the criteria given. The research result concluded that Working Capital to Total Asset, Retained Earning to Total Asset, EBIT to Total Asset, Market Value of Equity to Total Liabilities, and Sales to Total Asset had a positive effect on companies’ bankruptcy.
Keywords: financial performance, bankruptcy potency, pandemic