Analisis Dampak Pandemi COVID-19 Terhadap Kinerja Keuangan dan Potensi Financial Distress pada Perusahaan Terbuka Subsektor Transportasi Udara di Indonesia

Ginting, Yosepin Rifaldi (2023) Analisis Dampak Pandemi COVID-19 Terhadap Kinerja Keuangan dan Potensi Financial Distress pada Perusahaan Terbuka Subsektor Transportasi Udara di Indonesia. KTTA thesis, Politeknik Keuangan Negara STAN.

	Text (Cover) 01. Cover_Yosepin Rifaldi Ginting_3082210090.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (18kB)
	Text (Abstrak) 02. Abstrak_Yosepin Rifaldi Ginting_3082210090.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (71kB)
	Text (Daftar Isi) 03. Daftar Isi_Yosepin Rifaldi Ginting_3082210090.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (88kB)
	Text (Bab I) Bab I_Yosepin Rifaldi Ginting_3082210090.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (70kB)
	Text (Bab II) Bab II_Yosepin Rifaldi Ginting_3082210090.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (123kB)
	Text (Bab III) Bab III_Yosepin Rifaldi Ginting_3082210090.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (341kB)
	Text (Bab IV) Bab IV_Yosepin Rifaldi Ginting_3082210090.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (7kB)
	Text (Daftar Pustaka) Daftar Pustaka_Yosepin Rifaldi Ginting_3082210090.pdf Available under License Creative Commons Attribution Non-commercial Share Alike. Download (51kB)

Abstract

Pandemi COVID-19 yang terjadi di awal tahun 2020 telah membatasi berbagai aktivitas masyarakat di Indonesia. Pembatasan aktivitas masyarakat di luar rumah ternyata mempengaruhi kinerja keuangan pada sektor transportasi udara. Penelitian ini bertujuan untuk mengetahui dampak pandemi COVID-19 terhadap kinerja keuangan perusahaan terbuka subsektor transportasi udara di Indonesia serta mengukur apakah pandemi ini juga mempengaruhi potensi financial distress. Penelitian ini menggunakan pendekatan deskriptif kuantitatif dengan menggunakan data sekunder berupa laporan keuangan perusahaan dari seluruh populasi. Kinerja keuangan perusahaan diukur dengan analisis rasio keuangan yang terdiri dari rasio likuiditas, profitabilitas, solvabilitas, dan aktivitas sedangkan untuk mengukur potensi financial distress digunakan model Zmijewski X-Score. Hasil penelitian ini menunjukkan adanya penurunan kinerja keuangan masing-masing perusahaan dari seluruh rasio keuangan yang diuji. Hasil lainnya dari penelitian ini juga menunjukkan bahwa terdapat peningkatan nilai X-Score sebelum dan saat pandemi COVID-19 yang mengindikasikan bahwa selama pandemi terjadi peningkatan potensi financial distress. Setelah dilakukan uji keakuratan hasil financial distress dari model Zmijewski X-Score, didapatkan bahwa model Zmijewski X-Score mampu memprediksi sebesar 75% untuk tahun 2019-2020 dan memprediksi sebesar 100% untuk tahun 2020-2021. The COVID-19 pandemic that occurred in early 2020 has limited various community activities in Indonesia. Restrictions on community activities outside the home have affected financial performance in the air transportation sector. This study aims to determine the impact of the COVID-19 pandemic on the financial performance of public companies in the air transportation subsector in Indonesia and to measure whether this pandemic has also affected the potential for financial distress. This study uses a quantitative descriptive approach using secondary data in the form of company financial reports from the entire population. The company's financial performance is measured by financial ratio analysis consisting of liquidity, profitability, solvency, and activity ratios, while the Zmijewski X-Score model is used to measure the potential for financial distress. The results of this study indicate a decrease in the financial performance of each company for all the financial ratios tested. Other results from this study also show that there was an increase in the X-Score value before and during the COVID-19 pandemic, which indicates that during the pandemic there was an increase in the potential for financial distress. After testing the accuracy of the financial distress results from the Zmijewski X-Score model, it was found that the Zmijewski X-Score model was able to predict 75% for 2019–2020 and 100% for 2020–2021.

Actions (login required)

View Item