The Impact of Sales Growth on Financial Distress in Food and Beverage on the Indonesian Stock Exchange during the 2019-2020 Covid-19

Dina Octavia Pratiwi; Tri Ratnawati; Achmad Maqsudi

doi:10.29138/ijebd.v6i2.2186

Dina Octavia Pratiwi Faculty of Economics and Business, Universitas 17 Agustus 1945 Surabaya
Tri Ratnawati Universitas 17 Agustus 1945 Surabaya
Achmad Maqsudi Universitas 17 Agustus 1945 Surabaya

DOI: https://doi.org/10.29138/ijebd.v6i2.2186

Keywords: Covid-19 Pandemic, Financial Distress, Sales Growth

Abstract

Purpose: The Covid-19 pandemic has led to corporate financial decline caused by reduced profits and sales. Additionally, the decline in corporate finances has also been attributed to a decrease in sales within companies. The purpose of this research is to investigate the impact of sales growth on the occurrence of financial distress in food and beverage companies listed on the Indonesian Stock Exchange.

Design/methodology/approach: The variable used in this study is sales growth, which is used to measure a company's ability to maintain its economic position in a growing economy, as well as in the industry or product market in which it operates, as a means of survival in the face of intense market competition.

Findings: This study utilises a qualitative approach, employing descriptive analysis techniques through a literature review (library research). The findings of this research indicate that sales growth has a significant impact on financial distress in food and beverage companies listed on the Indonesian Stock Exchange during the 2019-2020 periods.

Paper type: a Research Paper

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