Article2014

PREDIKSI FINANCIAL DISTRESS PERUSAHAAN MANUFAKTUR DI INDONESIA

87 citations0/0 files storedDJA (Diponegoro Journal of Accounting)

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Financial Distress and Bankruptcy Prediction Financial Analysis and Corporate Governance Corporate Insolvency and Governance

Abstract

This study aimed to investigate the effect of financial ratios to predict probability of financial distress in the company. Financial ratios in this study using the indicators leverage ratio, liquidity ratio, activity ratio, and profitability ratio. The population in this study are all of the companies listed on the Indonesian Stock Exchange and continuously published financial statements in the year 2008-2012. Based on purposive sampling method, samples obtained are 59 companies in the period 2008-2012, so obtain 295 observations. As for the criteria of financial distress in this study was measured by using interest coverage ratio, whilst statistic analysis that used in this study was logistic regression. The result of this research showed that leverage ratio (debt ratio), liquidity ratio (current ratio), and activity ratio (total asset turnover ratio) were financial ratios that have significant value to predict financial distress in the company, whilst profitability ratio (return on asset) is only financial ratios which not significant to predict financial distress in the company.

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References

1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY 2000The separation of ownership and control in East Asian Corporations 1990Financial distress, reorganization, and organizational efficiency 2002Predicting corporate financial distress: Reflections on choice-based sample bias 1989THE AFTERMATH OF ORGANIZATIONAL DECLINE: A LONGITUDINAL STUDY OF THE STRATEGIC AND MANAGERIAL CHARACTERISTICS OF DECLINING FIRMS.1999The early stages of financial distress 1987A Five-State Financial Distress Prediction Model 2003Analisis Rasio Keuangan untuk Memprediksi Kondisi Financial Distress Perusahaan Manufaktur yang Terdaftar di Bursa Efek Jakarta

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2019PENGARUH LIKUIDITAS, LEVERAGE, DAN KEPEMILIKAN INSTITUSIONAL TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN PROPERTY DAN REAL ESTATE 2019Pengaruh Rasio Keuangan Pada Financial Distress Perusahaan Ritel Yang Terdaftar di Bursa Efek Indonesia (BEI)2019ANALISIS PENGARUH LIKUIDITAS, LEVERAGE, AKTIVITAS, DAN PROFITABILITAS TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN TERBUKA SEKTOR INFRASTRUKTUR, UTILITAS, DAN TRANSPORTASI PERIODE 2011-2015 2017PENGARUH KINERJA KEUANGAN DAN MEKANISME CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2011-2014)

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