Influence of Leverage, Liquidity, and Operating Cash Flow on Banking Sector Performance During Covid-19: Evidence from the Indonesia Stock Exchange

The purpose of this study is to identify the relationship between leverage, liquidity, and operating cash flow and company performance during the COVID-19 pandemic, focusing on companies listed on the Indonesia stock Exchange and engaged in the banking sector. The study spans from 2020 to 2022 and employs quantitative methods using secondary data. The population consists of 45 banking companies listed on the Indonesia stock Exchange. The sample selection was carried out using sampling technique, resulting in a sample of 39 banking companies and yielding 117 data point from the financial data of these companies. The study was tested with the EViews 12 application using panel data to analyze the quantitative data. Based on the findings, leverage has a negative effect on company performance, liquidity has no effect on company performance, and operating cash flow has a significant positive effect on company performance.