Proceedings of the International Conference on Applied Science and Technology on Social Science 2021 (iCAST-SS 2021)

Capital Structure Analysis of Manufacturing Firms Listed on the Indonesia Stock Exchange (Idx) in the Covid-19 Pandemic Era

Authors
Agnes K. B. Mudamakin*, agnesbetan.mudamakin@gmail.com
Accountting, State Kupang Polytechnic, Kupang
Agusta Amanda Wulandariagustaamanda@gmail.com
Accountting, State Kupang Polytechnic, Kupang
Melda Mariana Poehpoeh_melda@yahoo.co.id
Accountting, State Kupang Polytechnic, Kupang
Corresponding Author
Agnes K. B. Mudamakinagnesbetan.mudamakin@gmail.com
Available Online 4 March 2022.
DOI
10.2991/assehr.k.220301.043How to use a DOI?
Keywords
Covid-19; manufacturing firms; capital structure
Abstract

The manufacturing industry contributes to the Indonesian economy, especially by enhancing export and import activities. The Covid-19 pandemic has reduced the manufacturing sector activities, which has also caused the termination of employment, closure of factories, and decline of production. This condition certainly requires manufacturing business actors to regulate their capital requirements in order to continue the operations, both internal (own capital) and external (debt) funding. The amount of debt used by the firm to finance its operational activities is a financial policy related to the capital structure. The capital structure is assessed with the leverage ratio by calculating the debt ratio, the debt to equity ratio, and the long-term debt to equity ratio. This study utilizes the quantitative method by conducting a mean difference test. The samples are sourced based on manufacturing firms listed on the Indonesia Stock Exchange (IDX). The results show that there is no significant difference between the leverage ratio before the Covid-19 pandemic and during the Covid-19 pandemic.

Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the International Conference on Applied Science and Technology on Social Science 2021 (iCAST-SS 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
4 March 2022
ISBN
10.2991/assehr.k.220301.043
ISSN
2352-5398
DOI
10.2991/assehr.k.220301.043How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Agnes K. B. Mudamakin
AU  - Agusta Amanda Wulandari
AU  - Melda Mariana Poeh
PY  - 2022
DA  - 2022/03/04
TI  - Capital Structure Analysis of Manufacturing Firms Listed on the Indonesia Stock Exchange (Idx) in the Covid-19 Pandemic Era
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2021 (iCAST-SS 2021)
PB  - Atlantis Press
SP  - 256
EP  - 259
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220301.043
DO  - 10.2991/assehr.k.220301.043
ID  - Mudamakin2022
ER  -