Analisis Rasio Keuangan dan Makro Ekonomi Untuk Memprediksi Kondisi Financial Distress Perusahaan Subsektor Makanan & Minuman Yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Febriani Kala’
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Interest Rates ◽  
Analytical Method ◽  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Return On Assets ◽  
Current Ratio ◽  
Leverage Ratio

This study aims to determine the effect of financial and macroeconomic ratios on the company's financial distress. In this study, the financial ratios used are the liquidity ratio with the proxy current ratio (CR), the leverage ratio with the proxy debt to assets ratio (DAR), and the profitability ratio with the proxy for return on assets (ROA). Meanwhile, the macro economy is measured by inflation and interest rates. The sample in this study is the food & beverage sub-sector companies listed on the Indonesia Stock Exchange in 2015-2019. The sampling technique used purposive sampling and obtained 17 companies with 5 years of observation so that there were 85 total observations. The analytical method used is logistic regression analysis using the SPSS version 23 program. The results show that the leverage ratio (DAR) has a positive and significant effect on financial distress, the profitability ratio (ROA) has a negative and significant effect on financial distress, while the liquidity ratio (CR) and macroeconomics as measured by inflation and interest rates have a positive but insignificant effect. against financial distress.

scholarly journals PENGARUH OPERATING CAPACITY, SALES GROWTH DAN ARUS KAS OPERASI TERHADAP FINANCIAL DISTRESS

2019 ◽  
Vol 5 (1) ◽  
Author(s):  
Annisa Livia Ramadhani ◽  
Khairun Nisa
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Financial Distress ◽  
Agricultural Sector ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Cash Flows ◽  
Sales Growth ◽  
Operating Capacity ◽  
Operating Cash Flows

This study aims to determine how the influence of operating capacity, sales growth and operating cash flows on financial distress. The population in this study israll agricultural sector companies listed on the Indonesia Stock Exchange (IDX) in 2013-2017. The sampling technique in this study used purposive sampling which produced 8 samples in a period of 5 years, namely as many as 40 units of data samples. The analytical method used is logistic �regression analysis which is processed. using SPSS Version 25. Based on the results of this study, it was found that simultaneous operating capacity, sales growth and operating cash flows influence the occurrence of financial distress. Then partially, operating capacity and sales growth have no effect on the occurrence of financial distress, while operating cash flows have a positive and significant effect on the occurrence of financial distress.�Keyword : Financial Distress, Operating capacity, Sales growth, Operation cash flow.

scholarly journals Pengaruh Likuiditas, Leverage, Profitabilitas, dan Ukuran Perusahaan terhadap Financial Distress di Sektor Trade, Service, and Invesment

2021 ◽  
Vol 9 (3) ◽  
pp. 1227-1240
Author(s):  
Hasivatus Sariroh
Keyword(s):  
Firm Size ◽  
Financial Distress ◽  
Ordinal Data ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Annual Reports ◽  
Return On Assets ◽  
Current Ratio ◽  
Independent Variables

This study is a quantitative study that aims to determine the effect of the current ratio, debt to asset ratio, return on assets, and firm size on financial distress. Logistic regression method was used to test all relationships between independent variables and dependent variables with nominal/ordinal data scales. The dependent variable in this study is financial distress. The independent variables in this study are liquidity, leverage, profitability and firm size. This study uses secondary data from annual reports of trading, service, and investment companies listed on the Indonesia Stock Exchange from 2016 to 2018. The population used is companies in the trade, services, and investment sectors listed on the Indonesia Stock Exchange (IDX). from 2016 to 2018 with a total of 162 companies selected using purposive sampling technique. The results of hypothesis testing indicate that the current ratio, debt to asset ratio, return on assets, and firm size have no effect on the company's financial distress. From research conducted by researchers, for management to be used as a basis to take corrective actions if there are indications that the company experiencing financial distress. For investors, to be used as a basis in making the right decision to invest in a company.

scholarly journals PENGARUH FEE AUDIT, AUDIT TENURE, ROTASI AUDIT DAN REPUTASI AUDITOR TERHADAP KUALITAS AUDIT

EkoPreneur ◽  
2019 ◽  
Vol 1 (1) ◽  
pp. 50
Author(s):  
Listiya Ike Purnomo ◽  
Jihan Aulia
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Real Estate ◽  
Analytical Method ◽  
Audit Quality ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Audit Fees ◽  
Audit Fee ◽  
Auditor Reputation

This study aims to empirically examine the effect of audit fees on audit quality, the effect of audit tenure on audit quality, the effect of audit rotation on audit quality, and the effect of auditor reputation on audit quality. The population of this study is property and real estate companies listed on the Indonesia Stock Exchange (IDX) in 2013-2017. The research sampling technique used purposive sampling. The research samples obtained were as many as 25 property and real estate companies in 2013-2017. The analytical method used is logistic regression analysis. The results based on partial hypothesis testing indicate that audit fees affect audit quality and audit tenure affect audit quality. While audit rotation does not affect audit quality and auditor reputation does not affect audit quality. Keywords: Audit Quality, Audit Fee, Audit Tenure, Audit Rotation and Auditor Reputation

scholarly journals ANALYSIS OF THE EFFECT OF FINANCIAL RATIO ON FINANCIAL DISTRESS CONDITIONS IN MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE

2021 ◽  
Vol 5 (2) ◽  
pp. 105-120
Author(s):  
Normiati Normiati ◽  
Diah Amalia
Keyword(s):  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Ratios ◽  
Manufacturing Companies ◽  
Financial Health ◽  
Analysis Model ◽  
Return On Assets ◽  
Financial Ratio ◽  
Leverage Ratio

This study aims to analyze any indicators in financial ratios that affect financial distress conditions. The data used are data on manufacturing companies in the Indonesia Stock Exchange (IDX) in 2012-2017, which are as many as 80 samples. Dependent financial distress variables are measured using the Altman analysis model (Z-Score). Independent variables are measured using the financial ratios indicator. This study uses a non-probability sampling technique that is purposive sampling. The data used is panel data, using Eviews 9. The results of this study show that the liquidity ratio measured by the current ratio and the leverage ratio measured by the debt asset ratio affect the condition of financial distress. While the profitability ratio measured by return on assets and sales growth does not affect the financial ratio. This research contributes to investors who can use this model, by including the financial ratios indicator, to assess the financial health of the company before making investment-related decisions.

scholarly journals Model Altman Z-Score Terhadap Kinerja Keuangan di Bursa Efek Indonesia Melalui Pendekatan Regresi Logistik

2019 ◽  
Vol 1 (1) ◽  
pp. 63-72
Author(s):  
Nurul Fitri ◽  
Rachma Zannati
Keyword(s):  
Regression Analysis ◽  
Financial Distress ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Z Score ◽  
Return On Assets ◽  
Current Ratio ◽  
Analysis Technique ◽  
Equity Ratio

The purpose of this study is to confirm the determinants of financial performance on the condition of financial distress companies through the Altman Model (Z-score) approach. The sample in this study is a manufacturing industry sub-sector company which is listed on the Indonesia Stock Exchange for the period 2013 to 2017. The analysis technique of this study uses logistic regression analysis, and the findings prove that the Current Ratio and Debt to Equity Ratio cannot predict the condition of Financial Distress. Whereas Return On Assets can predict Financial Distress in manufacturing companies. The implications of this finding can contribute to companies in maintaining financialperformance stability so as to avoid financial distress. 

scholarly journals PENGARUH LIKUIDITAS, LEVERAGE, DAN KEPEMILIKAN INSTITUSIONAL TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN PROPERTY DAN REAL ESTATE

2019 ◽  
Vol 8 (5) ◽  
pp. 3110
Author(s):  
Ni Made Inten Septiani ◽  
I Made Dana
Keyword(s):  
Logistic Regression ◽  
Real Estate ◽  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Significant Positive Effect ◽  
Current Ratio ◽  
Negative Effect ◽  
Positive Effect

This study aims to determine the effect of liquidity, leverage, and institutional ownership in predicting financial distress conditions in property and real estate companies on the Indonesia Stock Exchange (IDX) for the period 2013-2017. The sampling technique used was purposive sampling with a number of selected samples of 36 companies. The number of samples used was as many as 6 companies in the category of experiencing financial distress and 30 companies in the category did not experience financial distress. The results of the study using logistic regression show that liquidity measured by the current ratio has a significant positive effect on financial distress. Leverage as measured by the debt to asset ratio (DAR) and institutional ownership has a significant negative effect on financial distress. Overall, the accuracy of the classification in this regression model in the grouping of property and real estate sub-sector companies that experienced financial distress and companies that did not experience financial distress was 87.2%. Keywords: financial distress, liquidity, leverage, institutional ownership  

scholarly journals Pengaruh Pergantian Manajemen, Kepemilikan Publik dan Financial Distress terhadap Auditor Switching

2019 ◽  
Vol 1 (1) ◽  
pp. 61-75 ◽  
Author(s):  
Rosella Aprilia ◽  
Bahtiar Effendi
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Public Ownership ◽  
Analysis Techniques ◽  
Auditor Switching ◽  
Total Observation ◽  
Public Accountant

Auditor switching is the change of auditor or Public Accountant Firm which conducted by company. The purpose of this research is to get the empirical evidence about : (1) The influence of The Change of Management to Auditor Switching, (2) The influence of Public Ownership to Auditor Switching, (3) The influence of Financial Distress to Auditor Switching, The influence of The Change of Management, Public Ownership, and Financial Distress simultaneously to Auditor Switching, in Manufacture Companies which listed in Indonesia Stock Exchange (IDX) periode 2013 – 2017. The population in this research are The Manufacture Companies which listed on the Indonesia Stock Exchange in 2012-2016. Sampling technique that used in this study was purposive sampling technique, where as 32 manufacture companies are the sample in this research, with the total observation are 155 observations. Data analysis techniques are logistic regression analysis. The result of this research shows that : (1) The Changes of Management doesn’t influence to Auditor Switching, (2) Public Ownership doesn’t influence to Auditor Switching, (3) Financial Distress doesn’t influence to Auditor Switching, (4) The Change of Management, Public Ownership and Financial Distress don’t influence simultaneously to Auditor Switching.

scholarly journals THE EFFECT OF CURRENT RATIO, DEBT TO EQUITY RATIO, TOWARD RETURN ON ASSETS (CASE STUDY ON CONSUMER GOODS COMPANY)

2018 ◽  
Vol 7 (02) ◽  
pp. 64
Author(s):  
Hantono Hantono
Keyword(s):  
Consumer Goods ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Fiscal Year ◽  
Return On Assets ◽  
Current Ratio ◽  
Leverage Ratio ◽  
Analysis Technique ◽  
Equity Ratio

This study aims to detect the effect liquidity ratio, leverage ratio and profitability on consumer goods companies listing on the Indonesia Stock Exchange 2014 – 2017. The object of this study is all consumer goods companies listing on the Indonesia Stock Exchange which publishes audited financial statements for fiscal year 2014 – 2017, which amounted to 24 (twenty four) companies. The sampling technique is by using purposive sampling method where the sample is determined based on certain criteria determined by the researcher and has limitations in terms of generalization. The sample of research is 42 (forty two companies) Data collection method using documentation method Data analysis technique used is descriptive quantitative analysis using current ratio, debt to equity ratio and return on assets.

FINANCIAL RATIOS AND FINANCIAL DISTRESS IN RETAIL TRADE SECTOR COMPANIES

2021 ◽  
Vol 07 (01) ◽  
Author(s):  
Hendro Sasongko ◽  
Agung Fajar Ilmiyono ◽  
Annisa Tiaranti ◽  
Keyword(s):  
Regression Analysis ◽  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Retail Trade ◽  
Return On Assets ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Research Population ◽  
Trade Sector

Abstract: The purpose of this study is to examine and explain the effect of the current ratio, return on asset, debt to asset ratio, and total assets turnover to financial distress in the retail trade sub sector for the 2015-2018 period both partially and simultaneously. The research population is all retail trade sector companies listed in Indonesia Stock Exchange (IDX). Sample was selected using the purposive sampling method. The method of data analysis in the form of a quantitative analysis using multiple regression analysis. The results of the study revealed that partially the CR does not affect financial distress while the return on assets, debt to assets ratio and total assets turnover in partial effect on financial distress. Simultaneously, the CR, ROA, DAR and TATO affect the financial distress. This can be a concern for companies to pay more attention to these four elements so that companies avoid financial distress conditions as well as for investors who want to invest. Abstrak: Tujuan dari penelitian ini adalah untuk menguji dan menjelaskan pengaruh current ratio, return on assets, debt to asset ratio, dan total assets turnover terhadap financial distress pada subsektor perdagangan eceran periode 2015-2018 baik secara parsial maupun simultan. Populasi penelitian ini adalah seluruh perusahaan sektor perdagangan eceran yang terdaftar di Bursa Efek Indonesia (BEI). Sampel dipilih dengan menggunakan metode purposive sampling. Metode analisis data berupa analisis kuantitatif dengan menggunakan analisis regresi berganda. Hasil penelitian mengungkapkan bahwa secara parsial CR tidak berpengaruh terhadap financial distress sedangkan return on assets, debt to assets ratio dan total assets turnover secara parsial berpengaruh terhadap financial distress. Secara simultan CR, ROA, DAR dan TATO berpengaruh terhadap financial distress. Hal ini dapat menjadi perhatian bagi perusahaan untuk lebih memperhatikan keempat unsur tersebut agar perusahaan terhindar dari kondisi financial distress serta bagi investor yang ingin berinvestasi.

scholarly journals The Relationship between Liquidity and Firms’ Profitability: A Case Study of Karachi Stock Exchange

2017 ◽  
Vol 9 (1) ◽  
pp. 54 ◽  
Author(s):  
Nazish Bibi ◽  
Shehla Amjad
Keyword(s):  
Regression Analysis ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Return On Assets ◽  
Current Ratio ◽  
Factors Affecting ◽  
Operating Income ◽  
Secondary Sources ◽  
Individual Variables ◽  
The Relationship

The purpose of this paper is to investigate the relationship between firm’s liquidity and profitability; and to find out the effects of different components of liquidity on firms’ profitability.The relationship between liquidity and firms’ profitability is empirically examined by collecting the data of 50 listed firms of Karachi Stock Exchange, Pakistan. Panel data has been collected from secondary sources for the year 2007 to 2011 .Net operating income and Return on assets are used measure of firm’s profitability. Liquidity of the firm is measured by using cash gap in days and current ratio. Firm size measured by net sales, total assets and market capitalization .The study applies regression analysis to determine factors affecting profitability. Incremental tests are carried out to see the importance of individual variables in the model.The results of correlation and regression analysis showed that there is a significant negative relationship between cash gap and return on assets while current ratio has significant positive relationship with profitability. Results further indicate that log of sales and log of total assets has positive significant relationship with profitability. The findings of this study are based on firms listed on the Karachi Stock Exchange (KSE). Hence, the results cannot be generalizable to those firms which are not listed on Karachi stock exchange. The sample of the study comprises only the merchandising and manufacturing firms. Banks are excluded due to their nature of work.

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