(Similarity + Document) Improving Financial Performance and Profits of Pharmaceutical Companies During a Pandemic: Study on Environmental Performance, Intellectual Capital and Social Responsibility

The COVID-19 pandemic that has hit the world in general and Indonesia in particular has paralyzed the economies
of all countries in the world, including Indonesia. The current conditions have paralyzed activities and activities,
ranging from business, economics, education, and many others. Even in the COVID-19 pandemic, companies must
still be able to improve their performance in order to survive. The industrial sectors that are expected to survive and
thrive in the midst of the Covid-19 pandemic are food, pharmaceuticals, hospitals, and information and
communication technology (ICT). The purpose of this study is to identify the role of environmental performance,
intellectual capital, and corporate social responsibility in increasing profitability and financial performance of
Pharmaceutical Companies listed on the Indonesia Stock Exchange for the 2017-2019 period. The research
population is all pharmaceutical companies listed on the Indonesia Stock Exchange operating in Indonesia, totaling
9 companies with a measurement time of 3 years so that a sample of 27 is obtained. The data analysis method used
is smart PLS analysis. The results showed that environmental performance had a positive and significant effect on
profitability. Intellectual capital has no significant effect on profitability. Corporate social responsibility has a positive
and significant effect on profitability. Environmental performance has no significant effect on financial performance.
Intellectual capital has no significant effect on financial performance. Corporate social responsibility has a negative
and significant effect on financial performance. The company's profitability has a negative and significant effect on
financial performance.
Keywords: environmental performance, intellectual capital, corporate social responsibility, financial performance