Literatur Review: Financial Recovery Post Covid 19
DOI:
https://doi.org/10.70895/jemba.v1i2.10Keywords:
Financial Distress, Corporate Turnaround, Financial RecoveryAbstract
The purpose of this study was to find steps in restoring the company's financial condition through the company's turnaround proxy. The crisis due to Covid-19 has an impact on the company's finances which ended in a slump so that a strategy must be found to overcome the company's financial problems. This study uses a turnaround proxy in the financial recovery process. Research Method: This study uses
a descriptive qualitative statistical analysis method, namely by understanding the phenomena that occurred during the Covid-19 pandemic which caused the company's financial difficulties. Findings/Results: steps taken in Financial Recovery are applied to reverse the loss situation into a profitable situation, including by reducing operational costs through (1) free assets, (2) asset reduction, (3) severity.
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