Comparison of Performance and Risk of Tourism Companies, Restaurants and Hotels Before and During the Covid-19 Pandemic

Dwi Dewisri Kinasih,Nadia Fathurrahmi Lawita

doi:10.15294/eeaj.v11i1.54166

Dwi Dewisri Kinasih, Nadia Fathurrahmi Lawita

Open Access

https://doi.org/10.15294/eeaj.v11i1.54166

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Abstract

This study aims to determine the performance and risks of tourism, restaurant and hotel companies during and before the covid 19 pandemic. This study uses four proxies to measure the company's performance, namely Return on Assets (ROA), Return on Equity (ROE), Tobins Q and Net Profit. Margin (NPM) and use two proxies to measure company risk, namely the standard deviation of Return on Assets (SDROA) and the standard deviation of Return on Equity (SDROE). The population in this study are tourism, restaurant and hotel companies for the period 2019-2020. The sampling technique used is purposive sampling technique based on certain criteria. The number of samples in this study were 15 companies with 120 observations. The data analysis technique used is to perform different tests before the pandemic and during the COVID-19 pandemic. The results showed that there were significant differences in the performance and risk of tourism, restaurant and hotel companies before the pandemic and during the pandemic.

Highlights

This study aimed to determine the performance and risks of tourism, restaurant and hotel companies during and before the covid 19 pandemic
Coordinating Minister for the Economy Airlangga Hartarto said that the tourism sector was a very large sector affected by the Covid-19 pandemic
Based on the results of this test, it can be concluded that there was a significant difference in company performance measured by using Return on Assets (ROA)

Summary

How to Cite

Panel A shows the descriptive statistical results of four company performance measurements, namely ROA, ROE, Tobins Q and NPM as well as two company risk measurements using two measurements, namely SDROA and SDROE before the COVID-19 pandemic. The same result was shown in the ROE proxy, where the average value of company performance measured by the ratio of net income to total equity before the pandemic, which was 0.046, was much larger than during the pandemic, which showed a negative value of -0.050.

Tobins Q

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Findings

SDROE During and Before the