DETEKSI FINANCIAL DISTRESS PADA INDUSTRI PERTAMBANGAN DI ASIA TENGGARA [DETECTION OF FINANCIAL DISTRESS IN THE MINING INDUSTRY IN SOUTHEAST ASIA]

This study aims to identify Financial Distress with Firm Size as a moderating variable in the property and real estate industry in Southeast Asia for the period 2012-2019. In identifying financial distress, the dimensions of Net Profit Magin, Current Ratio, and Debt To Asset Ratio are used. The sample used in this research is the company's complete financial statements from the 2014–2019 research year of 35 companies obtained by using purposive sampling technique. The data collection technique uses the documentation method, while the data analysis technique uses multiple linear regression analysis which is supported by the classical assumption test, namely the normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test and model test moderation. The results showed that partially the Net Profit Margin, Current Ratio, Debt to Asset Ratio variables partially had a significant effect on Financial Distress, and Net Profit Margin, Current Ratio and Debt to Asset Ratio simultaneously had a significant effect on Financial Distress in the Property and Real Industry. Southeast Asia estate, whereas for the moderation model Firm size does not moderate Net Profit Margin, Current Ratio, Debt to Asset Ratio to Financial Distress. The value of R Square is 53.4%, indicating that the Financial Distress variable is influenced by all NPM, CR and DAR variables, the remaining 46.6% is influenced by other variables outside of this study including changes in exchange rates, differences in inflation, differences in interest rates, independence of the central bank. , economic growth, expectations, and so on. Recommendations for further research are to replace the moderating variables with other dimensions or indicators.

Download Full-text

An Analysis of Financial Distress Accuracy Models in Indonesia Coal Mining Industry: An Altman, Springate, Zmijewski, Ohlson and Grover Approaches

Journal of Economics, Finance and Accounting Studies ◽

10.32996/jefas.2021.3.2.1 ◽

2021 ◽

Vol 3 (2) ◽

pp. 01-12

Author(s):

M. Noor Salim ◽

Dhermawan Ismudjoko

Keyword(s):

Coal Mining ◽

Predictive Models ◽

Financial Distress ◽

Prediction Models ◽

Stock Exchange ◽

Mining Industry ◽

Sampling Technique ◽

Research Data ◽

Accuracy Rate ◽

Prediction Rate

The purpose of this research is to determine companies financial distress base on Altman, Springate, Zmijewski, Ohlson and Grover Models and to assess the accuracy of those five prediction models in coal mining sector firms listed in Indonesia Stock Exchange (IDX) for the period 2015 – 2019. This research has 22 samples of 23 coal mining firms listed in IDX base on the purposive sampling technique. This study is a descriptive design using quantitative and panel data. The research data is analyzed using the Kruskal Wallis test because there are more than two prediction models to compare and the data are not normally distributed. The result indicates that the Modified Altman and Ohlson Models are the most accurate predictive models because these models have the highest accuracy rate of 90.91%, followed by Zmijewski Model, which has an accuracy rate of 86.36%, then Grover Model has 81.82% accuracy rate, and the lowest prediction rate is Springate Model with the value of 63.64%.

Download Full-text

BRITISH PROTECTIONISM AND OIL INDUSTRY PRIOR TO THE ESTABLISHMENT OF PETRONAS

MALIM: JURNAL PENGAJIAN UMUM ASIA TENGGARA (SEA JOURNAL OF GENERAL STUDIES) ◽

10.17576/malim-2020-2101-02 ◽

2020 ◽

Vol 21 (1) ◽

pp. 15-33

Author(s):

SAIFUL KHAIRI KAMARUDIN

Keyword(s):

Southeast Asia ◽

Mining Industry ◽

Oil Industry ◽

First World War ◽

World War ◽

Oil Companies ◽

Oil Supply ◽

The First World War ◽

Oil Company ◽

First World

The existence of protectionism policy in Malaya and Borneo had been practised by the British specifically in the oil industry during colonialism. This policy was to prevent the largest American oil corporation, from dominating the oil market in Southeast Asia. The two British oil companies, the Anglo-Saxon Company and Shell Company in the early 20th century completed their business relationship with the Dutch oil company to control the oil industry in Southeast Asia. Oil producer colonies in Southeast Asia was solely granted oil supply through British oil company to prepare the outbreak of the First World War. This marked the height of British protectionism by providing continuous oil supply to the British Navy and expanding oil exports during the First World War. Later, PETRONAS adopted protectionism and monopoly strategies to increase equity ownership of Malays in the oil and mining industry.

Download Full-text

On The Possibility of an Autonomous History of Modern Southeast Asia

Journal of Southeast Asian History ◽

10.1017/s0084255900007944 ◽

1961 ◽

Vol 2 (2) ◽

pp. 73-105 ◽

Cited By ~ 2

Author(s):

John R. W. Small

Keyword(s):

Southeast Asia ◽

Contemporary History ◽

The Past ◽

History Of

It is generally accepted that history is an element of culture and the historian a member of society, thus, in Croce's aphorism, that the only true history is contemporary history. It follows from this that when there occur great changes in the contemporary scene, there must also be great changes in historiography, that the vision not merely of the present but also of the past must change.

Download Full-text