The Effect of Debt on Firm Performance During Covid-19 Pandemic Crisis Period

Dublin Core

Title

The Effect of Debt on Firm Performance During Covid-19 Pandemic Crisis Period

Creator

Liliana Inggrit Wijaya, Deddy Marciano, Marwin Antonius Rejeki Silalahi, Zunairoh, Aurelia Phoebe Harjono, Irenna Elizabeth

Proceedings Item Type Metadata

meta_title

The Effect of Debt on Firm Performance During Covid-19 Pandemic Crisis Period

Abstract/Description

This research was conducted to examine the effect of using debt on firm performance within non-financial companies listed on the Indonesia Stock Exchange during the Covid-19 pandemic crisis period. This study uses a quantitative approach through multiple linear regression analysis. The dependent variable for firm performance is measured by Tobin's Q and ROA. The independent variables used for this study are short term debt and long term debt. Whilst the control variables are sales growth, firm size, tangibility, paid dividends, and cash flow. This study examines 1,230 secondary observation data from 410 companies over a period of 3 years. The regression will be divided into 2 periods, the normal period and the lagged period. This study shows that debt has a significant positive impact on Tobin's Q. Nevertheless, debt has an insignificant negative effect on short term debt and significant negative for long-term debt on ROA. The results difference can be explained by testing the lagged period which proves that Tobin's Q is more robust than ROA. Thus, it can be recapitulated that debt has ...

publication_date

2025/06/15

pdf_url

https://insyma.org/proceedings/files/articles/Liliana_Wijaya.pdf

abstract_html_url

https://insyma.org/proceedings/items/show/408

keywords

Debt, Firm Performance, COVID-19 Pandemic, Tobin's Q, ROA

firstpage

593

lastpage

598

issn

3047-857X

conference

Proceedings of the International Symposium on Management (INSYMA)

Volume

22

publisher_name

Fakultas Bisnis dan Ekonomika, Universitas Surabaya

Author #1

Liliana Inggrit Wijaya

Author #2

Deddy Marciano

Author #3

Marwin Antonius Rejeki Silalahi

Author #4

Zunairoh

Author #5

Aurelia Phoebe Harjono

Author #6

Irenna Elizabeth

no article

97

authors

Liliana Inggrit Wijaya, Deddy Marciano, Marwin Antonius Rejeki Silalahi, Zunairoh, Aurelia Phoebe Harjono, Irenna Elizabeth

Files

Liliana_Wijaya.pdf

Citation

Liliana Inggrit Wijaya, Deddy Marciano, Marwin Antonius Rejeki Silalahi, Zunairoh, Aurelia Phoebe Harjono, Irenna Elizabeth, “The Effect of Debt on Firm Performance During Covid-19 Pandemic Crisis Period,” Proceedings of the International Symposium on Management (INSYMA), accessed July 1, 2025, https://insyma.org/proceedings/items/show/408.

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