Pandemi Covid-19 dalam Penyajian Pelaporan Keuangan dan Keberlangsungan Usaha melalui Prediksi Kebangkrutan

Shinta Budi Astuti, Ameilia Damayanti, Tryas Chasbiandani, Nelyumna Rizal

Abstract


The main purpose of this study is to assess and analyze the business continuity (going concern) of companies before and during the Covid-19 pandemic. The sample of this research is 45 property sector companies listed on the Indonesia Stock Exchange (BEI) for the period 2019-2020 and meet predetermined criteria. This study uses the Altman Z-Score bankruptcy prediction model to assess the business continuity of the sample companies. This research proves that there is indeed an influence from the global Covid-19 pandemic. Companies that are experiencing financial problems and have a strong potential for bankruptcy increased from 2% at the end of 2019 to 51% at the end of June 2020.

 

DOI: https://doi.org/10.26905/afr.v3i2.5451


Keywords


Going Concern, Kebangkrutan, Covid-19, Altman Z-Score

Full Text:

PDF

References


Alkaraan, F., & Northcott, D. (2007). Strategic investment decision making: The influence of pre-decision control mechanisms. Qualitative Research in Accounting & Management, 4(2), 133–150. https://doi.org/10.1108/11766090710754204

Altig, D., Baker, S. R., Davis, S. J., Meyer, B. H., Parker, N. B., Thwaites, G., Altig, D., Baker, S. R., Barrero, J. M., Bloom, N., Bunn, P., Chen, S., Davis, S. J., Leather, J., Meyer, B. H., Mihaylov, E., Mizen, P., Parker, N. B., Renault, T., … Parker, N. B. (2020). Economic Uncertainty Before and During the COVID-19 Pandemic.

Amedu, A. M. (2008). Role Financial Statement in Investment Decision Making (A Case Study of First Bank of Nigerian PLC). 32.

Blessing, A., & Onoja, E. E. (2015). The role of financial statements on investment decision making: a case of united bank for africa plc (2004-2013). European Journal of Business, Economics and Accountancy, 3(2), 12–37.

Didier, T., Huneeus, F., Larrain, M., & Schmukler, S. L. (2020). Financing firms in hibernation during the COVID-19 pandemic. Research & Policy Briefs From the World Bank Chile Center and Malaysia Hub, 30. https://doi.org/10.1016/j.jfs.2020.100837

Fauzia, I. Y. (2017). Mendeteksi Kebangkrutan Secara Dini Perspektif Ekonomi Islam. EKUITAS (Jurnal Ekonomi Dan Keuangan), 19(1), 90. https://doi.org/10.24034/j25485024.y2015.v19.i1.1758

Go´mez-Guillamo´n, A. D. (2003). The usefulness of the audit report in investment and financing decisions. In Managerial Auditing Journal (Vol. 18, Issue May). https://doi.org/10.1108/02686900310482623

Hodge, F., & Pronk, M. (2006). The impact of expertise and investment familiarity on investors’ use of online financial report information. Journal of Accounting, Auditing and Finance, 21(3), 267–292. https://doi.org/10.1177/0148558X0602100304

Hunter, R. J., & Shannon, J. H. (2020). Managing Financial Stress for Debtors and Creditors in the Midst of a Pandemic Part II: Bankruptcy. International Journal of Business Management and Commerce, 5(3).

Iverson, B., Ellias, J. A., & Roe, M. (2020). Estimating The Need for Additional BAnkruptcy Judges in Light of The Covid-19 Pandemic. Harvard Business Law Review, 11.

Nguyen, L. T. M., Gallery, G., & Newton, C. (2016). The influence of financial risk tolerance on investment decision-making in a financial advice context1. Australasian Accounting, Business and Finance Journal, 10(3), 3–22. https://doi.org/10.14453/aabfj.v10i3.2

Ozili, P. K. (2021). Accounting and Financial Reporting During a Pandemic. New Challenges for Future Sustainability and Wellbeing, 105183, 87–93. https://doi.org/10.1108/978-1-80043-968-920211005

Prayoga, Y., Siregar, M., Sari, E. R., & Rambe, B. H. (2021). Penggunaan Informasi Akuntansi Pada Industri Usaha Kecil Dan Menengah Pada Masa Pandemi Covid - 19. Ecobisma (Jurnal Ekonomi, Bisnis Dan Manajemen), 8(1), 1–9. https://doi.org/10.36987/ecobi.v8i1.2027

Puspita, M. P. P. G. (2019). Tingkat Laba dan Perubahan Laba: Manakah yang Lebih Relevan? AFRE (Accounting and Financial Review), 2(2), 91–97. https://doi.org/10.26905/afr.v2i2.3091

Putri, E. L., Haryanto, S., & Firdaus, R. M. (2018). Mampukah Good Corporate Governance dan Risiko Kredit Sebagai Prediktor Financial Distress? AFRE (Accounting and Financial Review), 1(1). https://doi.org/10.26905/afr.v1i1.2291

Rinaldi, L., Cho, C. H., Lodhia, S. K., Michelon, G., & Tilt, C. A. (2020). Accounting in times of the COVID-19 pandemic: a forum for academic research. Accounting Forum, 44(3), 180–183. https://doi.org/10.1080/01559982.2020.1778873

Shahwan, T. M. (2015). The effects of corporate governance on financial performance and financial distress: evidence from Egypt. Corporate Governance (Bingley), 15(5), 641–662. https://doi.org/10.1108/CG-11-2014-0140

Shen, H., Fu, M., Pan, H., Yu, Z., & Chen, Y. (2020). The Impact of the COVID-19 Pandemic on Firm Performance. Emerging Markets Finance and Trade, 56(10), 2213–2230. https://doi.org/10.1080/1540496X.2020.1785863

Skvortsova, T. A., Pasikova, T. A., Vereshchagina, L. N., Pozdnishov, A. N., & Sukhovenko, A. V. (2020). The Problem of Bankruptcy of Business Entities as a Consequence of the COVID-19 Pandemic. International Journal of Economics and Business Administration, VIII(Issue 4), 828–837. https://doi.org/10.35808/ijeba/632

Susilowati, E., & Simangunsong, J. M. (2019). Financial Distress, Bankruptcy Analysis and Implications For Stock Prices of Consumer Goods Companies in Indonesia. RELEVANCE : Journal of Management and Business, 2(2), 227–240. https://doi.org/10.22515/relevance.v2i2.1862

Usheva, M., & Vagner, L. (2020). Earnings Management as a Tool of Bankruptcy Prevention during Global Pandemic of COVID-19. SHS Web of Conferences Globalization and Its Socio-Economic Consequences, 92, 02063. https://doi.org/10.1051/shsconf/20219202063

Wang, J., Yang, J., Iverson, B. C., & Kluender, R. (2020). Bankruptcy and the COVID-19 Crisis. Harvard Business School Working Paper 21-041. https://doi.org/10.2139/ssrn.3690398

Wulandari, E. Y., & Maslichah. (2021). Penggunaan Model Springate, Ohlson, Altman Z-Score, dan Grover Score Untuk Memprediksi Financial Distress pada Masa Pandemi COVID-19 (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia). E-Jra, 10(05), 90–103. http://riset.unisma.ac.id/index.php/jra/article/view/10620

Zakariya, R., Tinggi, S., & Indonesia, H. (2020). Pemeriksa Keuangan Pada Masa Pandemi Covid-19.




DOI: https://doi.org/10.26905/afr.v3i2.5451

Refbacks

  • There are currently no refbacks.


Bookmark and Share


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

AFRE (Accounting and Financial Review)

Postgraduate - University of Merdeka Malang

Postgraduate  Building, Terusan Dieng Street 62-64
Malang City, East Java, Indonesia, 65146.

View My Stats      Web Analytics

Other Link

Follow Us

Site Home Journal
Unmer Malang
Postgraduate
LPPM
Library
Repository 
 Email
[email protected]
 Phone
(0341) 567617
 Fax(0341) 567617

AFRE (Accounting and Financial Review)  Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.