本研究主要研究新冠狀肺炎期間，伊斯蘭教教義、風險承擔與成長機會對公司績效之影響，並以2018年第三季到2020年第四季印尼上市公司作為樣本，共計3950個觀察值進行實證性分析。本文透過文獻分析，推論出兩個研究假說，分別為假說1:新冠肺炎期間，公司風險承擔與公司績效呈現正向關係；假說2: 在新冠肺炎期間，遵行伊斯蘭教教義的公司，風險承擔越高和公司績效越高，最後本文加入成長機會的探討，檢驗成長機會對於研究議題的影響。本文研究發現，在新冠狀肺炎期間，公司風險承擔越高，對於公司績效有正面影響；當加入伊斯蘭教教義探討後，遵循伊斯蘭教教義且風險承擔越高的公司，績效表現較高；此外，當加入成長機會做為考量後，本文發現在高成長機會公司，且遵循伊斯蘭教教義公司，在新冠疫情之後，風險承擔程度越高，公司績效越高。顯示，高成長機會公司，較能從環境大動盪中獲得風險承擔的經濟租。整體而言，本文實證結果在管理與實務意涵顯示，當公司所處經濟環境驟變時，透過風險承擔與宗教的平衡，可以創造較佳的公司績效，尤其是資本市場發展未臻成熟的新興市場。;This study mainly studies the impact of Sharia, risk taking and growth opportunities on company performance during the period of COVID-19, and uses Indonesian listed companies from the third quarter of 2018 to the fourth quarter of 2020 as a sample, with a total of 3950 observations for empirical evidence. analyze. Through literature analysis, this paper deduces two research hypotheses, namely Hypothesis 1: During the COVID-19 period, corporate risk taking and company performance are positively related; And the higher the company′s performance, the final article joins the discussion of growth opportunities to examine the impact of growth opportunities on the research topic. This paper finds that during the period of the new Covid-19 pandemic , the higher the company′s risk taking, has a positive impact on the company′s performance; after joining the Shariah discussion, companies that follow Shariah and have higher risk-taking have higher performance; Taking growth opportunities into consideration, this paper finds that in companies with high growth opportunities and companies that follow Shariah, the higher the level of risk taking after the COVID-19 pandemic, the higher the company performance. It shows that companies with high growth opportunities are more able to obtain the economic rent of risk-taking from the environmental turmoil. Overall, the management and practical implications of the empirical results in this paper show that when the economic environment in which the company is located changes suddenly, better corporate performance can be created by balancing risk-taking and religion, especially for companies with immature capital markets.
