The Effect of Fundamental Factors in Pandemic Context on Earnings Response Coefficient

Fundamental factors are important factors for investors in viewing the condition of the company. Especially the Earnings Response Coefficient is the interesting indicator for investors to watch. This study aims to analyze empirical evidence of firm size, Debt Equity Ratio, and Price Book Value from the company's fundamental factors on the Earnings Response Coefficient. The population in this study are Food, Beverage & Hotel Companies on the Indonesia Stock Exchange for the 2018-2021 period. Sampling in this study used a purposive sampling method which resulted in as many as 116 research samples. The analysis technique uses multiple linear regression analysis. The results of the Firm Size test had a significant effect on the Earnings Response Coefficient (ERC). The results of the Debt Equity Ratio (DER) test had a significant effect on the Earnings Response Coefficient (ERC). The results of the Price Book Value (PBV) test had a significant effect on the Earnings Response Coefficient (ERC). Meanwhile, when the Pandemic Covid-19 the test results had not a significant effect on Earnings Response Coefficient (ERC).