Pandemic Covid-19 Impact on Technology and Telecommunication Industry: Evidence from Indonesia Listed Company

Abstract

This research aims to determine pandemic Covid-19 on the profitability of technology and telecommunication companies listed on the Indonesia Stock Exchange. To measure a company's profitability using return on equity ratio (ROE). This research applies the event study method before and after the Indonesian government's announcement of the Covid-19 case for the first time. The data processed consists of financial statements in 2019 and 2020 obtained from the Indonesia Stock Exchange and the company's website. Data processing handling with SPSS statistics software. The results concluded a significant effect of the Covid-19 pandemic on company profitability in the technology and telecommunications industry. A total of 65.79% of the sample of companies experienced a decrease in profitability.