Comparison of Fundamental Performance and Market Performance of the Property, Real Estate, and Construction Sector Based on the Impact of Covid-19
Rika Meiliana Tohar *
Faculty of Economics and Business, University of Lampung, Indonesia.
. Susi
Faculty of Economics and Business, University of Lampung, Indonesia.
Tri Joko Prasetyo
Faculty of Economics and Business, University of Lampung, Indonesia.
*Author to whom correspondence should be addressed.
Abstract
This study examines the impact of Covid-19 on the company's fundamental and market performance. The population in this study are property, real estate, and construction sector companies listed on the Indonesia Stock Exchange for the period 2018 and 2020. The sample selection was carried out by purposive sampling and obtained by as many as 53 companies. The analysis was carried out using the Wilcoxon Sign Test technique. The results show differences in actual performance as measured by profitability using the Return on Assets (ROA) ratio, and there is no difference in market performance as measured by Tobin's Q.
Keywords: Fundamental performance, market performance, ROA, Tobin's Q, Covid-19