Proceedings of the 3rd International Conference on Banking, Accounting, Management and Economics (ICOBAME 2020)

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Financial Performance of Retail Industry Before and After E-Commerce Booming in Indonesia: A Study of Altman Z-Score Model

Authors
Siti Rochmah Ika, Fami Nursiningsih, Henry Sarnowo, Sahadi
Corresponding Author
Siti Rochmah Ika
Available Online 13 March 2021.
DOI
10.2991/aebmr.k.210311.014How to use a DOI?
Keywords
financial performance, retail industry, e-commerce, Z score Altman
Abstract

In recent years, many modern retail outlets are reported to close down their operation due to the financial downturn. Changes in a shopping behavior pattern that consumers prefer shopping online were blamed for the closure of the store. This article aims to examine whether there is any difference in the performance of the retail industry before and after e-commerce booming in companies listed on the Indonesia Stock Exchange. This study observes the financial statement of the industry in the period 2013-2017 using the Altman z- score model where 2015 onward represents the period of E-commerce booming. The descriptive statistic results indicate that Z-Score after the e-commerce boom is lower than those in the period before the e-commerce boom on average. However, the results of the Wilcoxon signed rank-test showed that the performance of sample companies before and after the e-commerce boom did not show a significant difference. This article may give insight into the impact of online shopping booming on the financial performance of the retail store.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 3rd International Conference on Banking, Accounting, Management and Economics (ICOBAME 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
13 March 2021
ISBN
10.2991/aebmr.k.210311.014
ISSN
2352-5428
DOI
10.2991/aebmr.k.210311.014How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Siti Rochmah Ika
AU  - Fami Nursiningsih
AU  - Henry Sarnowo
AU  - Sahadi
PY  - 2021
DA  - 2021/03/13
TI  - Financial Performance of Retail Industry Before and After E-Commerce Booming in Indonesia: A Study of Altman Z-Score Model
BT  - Proceedings of the 3rd International Conference on Banking, Accounting, Management and Economics (ICOBAME 2020)
PB  - Atlantis Press
SP  - 69
EP  - 73
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210311.014
DO  - 10.2991/aebmr.k.210311.014
ID  - Ika2021
ER  -