摘要(英) |
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. |
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