scholarly journals Pengaruh Likuiditas Dan Leverage Terhadap Financial Distress Pada Perusahaan Perdagangan, Pelayanan Jasa Dan Investasi Yang Terdaftar Di BEI Tahun 2016-2017

2018 ◽  
Vol 7 (3) ◽  
pp. 78
Author(s):  
Ayu Putu Arie Dewanty ◽  
I Nyoman Nugraha Ardana Putra ◽  
Siti Aisyah Hidayati
Keyword(s):  
Logistic Regression ◽  
Capital Market ◽  
Financial Distress ◽  
Stock Exchange ◽  
Secondary Data ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Investment Companies ◽  
Negative Effect ◽  
Equity Ratio

This study aimed to examine the effect of liquidity as measured by current ratio and leverage as measured by debt to equity ratio toward financial distress in trade, services and investment companies listed on the Indonesia Stock Exchange (IDX).This study is considered the causative research. The sample is all trade, services and investment companies listed on the Stock Exchange in 2016 until 2017. The sample was determined by the method of purposive sampling, to obtain a sample of 32 companies. Types of data used are secondary data obtained from the Indonesian Capital Market Directory and www.idx.co.id. The method of analysis used is logistic regression analysis.Based on the results of logistic regression analysis with a level of 5 percent, liquidity has a negative effect on financial distress in the companies and leverage has a positive and significant effect on financial distress in the companies. Based on the results of this research, it can be used as a corrective action before it develops into severe financial distress and lead to bankruptcy.Penelitian ini bertujuan untuk menguji pengaruh likuiditas yang diukur dengan current ratio dan leverage yang diukur dengan debt to equity ratio terhadap financial distress pada perusahaan perdagangan, pelayanan jasa dan investasi yang terdaftar di Bursa Efek Indonesia.Penelitian ini tergolong penelitian kausalitas. Populasi dalam penelitian ini adalah seluruh perusahaan perdagangan, pelayanan jasa dan investasi yang terdaftar di BEI tahun 2016 sampai 2017 sebanyak 134 perusahaan. Sampel penelitian ini ditentukan dengan metode purposive sampling, sehingga diperoleh 32 perusahaan sampel. Jenis data yang digunakan adalah data sekunder yang diperoleh dari Indonesia Capital Market Directory dan www.idx.co.id. Metode analisis yang digunakan adalah analisis regresi logistik.Berdasarkan hasil analisis regresi logistik dengan tingkat signifikansi 5 persen, likuiditas berpengaruh negatif terhadap financial distress pada perusahaan, dan leverage mempunyai pengaruh positif terhadap financial distress pada perusahaan. Berdasarkan hasil penelitian, disarankan bagi perusahaan agar dapat digunakan sebagai bahan pertimbangan dalam melakukan tindakan-tindakan perbaikan sebelum financial distress berkembang menjadi parah dan menyebabkan kebangkrutan.Keywords:Bankruptcy; Financial Distress; Leverage; Liquidity.

scholarly journals PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN PERDAGANGAN, PELAYANAN JASA DAN INVESTASI YANG TERDAFTAR DI BEI TAHUN 2016-2017

2018 ◽  
Vol 7 (2) ◽  
Author(s):  
Ayu Putu Arie Dewanti ◽  
I Nyoman Nugraha A P ◽  
Siti Aisyah Hidayati
Keyword(s):  
Logistic Regression ◽  
Capital Market ◽  
Financial Distress ◽  
Stock Exchange ◽  
Secondary Data ◽  
Current Ratio ◽  
Significance Level ◽  
Purposive Sampling ◽  
Investment Companies ◽  
Equity Ratio

This study aimed to examine the effect of liquidity as measured by current ratio and leverage as measured by debt to equity ratio toward financial distress in trade, services and investment companies listed on the Indonesia Stock Exchange (IDX).This study considered the causative research. The population in this study are all trade, services and investment companies listed on the Stock Exchange in 2016 until 2017. The sample was determined by the method of purposive sampling, to obtain a sample of 32 companies. Types of data used is secondary data obtained from the Indonesian Capital Market Directory and www.idx.co.id. The method of analysis used is logistic regression analysis.Based on the results of logistic regression analysis with a significance level of 5 percent, liquidity has a negative effect toward financial distress in the companies and leverage has a positive and significant effect toward financial distress in the companies. Based on the results, it is suggested for the company, it can be used as consideration in performing corrective actions before it develops into severe financial distress and lead to bankruptcy. Penelitian ini bertujuan untuk menguji pengaruh likuiditas yang diukur dengan current ratio dan leverage yang diukur dengan debt to equity ratio terhadap financial distress pada perusahaan perdagangan, pelayanan jasa dan investasi yang terdaftar di Bursa Efek Indonesia.Penelitian ini tergolong penelitian kausalitas. Populasi dalam penelitian ini adalah seluruh perusahaan perdagangan, pelayanan jasa dan investasi yang terdaftar di BEI tahun 2016 sampai 2017. Sampel penelitian ini ditentukan dengan metode purposive sampling, sehingga diperoleh 32 perusahaan sampel. Jenis data yang digunakan adalah data sekunder yang diperoleh dari Indonesia Capital Market Directory dan www.idx.co.id. Metode analisis yang digunakan adalah analisis regresi logistik.Berdasarkan hasil analisis regresi logistik dengan tingkat signifikansi 5 persen, likuiditas berpengaruh negatif terhadap financial distress pada perusahaan, dan leverage mempunyai pengaruh positif terhadap financial distress pada perusahaan. Berdasarkan hasil penelitian, disarankan bagi perusahaan agar dapat digunakan sebagai bahan pertimbangan dalam melakukan tindakan-tindakan perbaikan sebelum financial distress berkembang menjadi parah dan menyebabkan kebangkrutan.Keywords: Bankruptcy; Financial Distress; Leverage; Liquidity.

scholarly journals PENGARUH CURRENT RATIO (CR), CASH RATIO, DEBT TO EQUITY RATIO (DER), DAN RETURN ON INVESTMENT (ROI)TERHADAP DIVIDEND PER SHARE (STUDI PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERCATAT DI BEI)

2018 ◽  
Vol 4 (1) ◽  
Author(s):  
Ahmad Shodikin
Keyword(s):  
Real Estate ◽  
Capital Market ◽  
Return On Investment ◽  
Secondary Data ◽  
Dominant Effect ◽  
Current Ratio ◽  
Negative Effect ◽  
Equity Ratio ◽  
Real Estate Company ◽  
Analyze Data

The study aims to examine the effect of Current Ratio (CR), Cash Ratio, Debt to Equity Ratio (DER), Return on Investment (ROI) on Dividend Per Share (Study at Property and Real Estate Company listed in BEI). Multiple regression analysis used to analyze data. Secondary data was taken from 68 respondents in the BEI (Indonesian Capital Market Directory, KSEI, and www.idx.co.id) and the oobservation period from 2009 to 2012. The result indicated that current ratio, cash ratio, debt to equity ratio, and return on investment have simultaneously efect on dividend per share. Partially, Current Ratio, Cash Ratio, Return on Investment have a negative effect on Dividend Per Share. While Debt to Equity Ratio has no effect to Dividend Per Share. Return on Investment has a dominant effect on Dividend Per Share. Keywords: Current Ratio (CR), Cash Ratio, Debt to Equity Ratio (DER), Return On Investment (ROI), Dividend Per Share (DPS)

scholarly journals RASIO KEUANGAN DALAM MEMPREDIKSI KEBANGKRUTAN PERUSAHAAN PERTAMBANGAN BATUBARA

Equity ◽  
2019 ◽  
Vol 20 (2) ◽  
pp. 31
Author(s):  
Eva Lisnawati Sidabalok ◽  
Dwi Risma Deviyanti ◽  
Yoremia Lestari Ginting
Keyword(s):  
Coal Mining ◽  
Financial Distress ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Debt Ratio ◽  
Return On Assets ◽  
Current Ratio ◽  
Negative Effect

The purpose of this study was to analyzed how much influence the return on assets (ROA), current ratio (CR), and debt ratio (DR) to the financial distress of coal mining companies listed in Indonesian Stock Exchange the period of 2010 – 2015. This study used secondary data obtained from IDX website with data collection method of purposive sampling then obtained 35 data sample research. Method of data analysis in this research is multiple linear regression analysis. Result of this research is return on assets (ROA) have significant positive effect to financial distress, current ratio (CR) has no positive significant effect on financialdistress, and debt ratio (DR) has a significant negative effect on financial distress of coal mining company. The results of this study obtained R square value of 0.869 which means the company’s financial distress condition can be predicted by using the four independent variabels.

scholarly journals RASIO KEUANGAN DALAM MEMPREDIKSI KEBANGKRUTAN PERUSAHAAN PERTAMBANGAN BATUBARA

Equity ◽  
2019 ◽  
Vol 20 (2) ◽  
pp. 31
Author(s):  
Eva Lisnawati Sidabalok ◽  
Dwi Risma Deviyanti ◽  
Yoremia Lestari Ginting
Keyword(s):  
Coal Mining ◽  
Financial Distress ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Debt Ratio ◽  
Return On Assets ◽  
Current Ratio ◽  
Negative Effect

The purpose of this study was to analyzed how much influence the return on assets (ROA), current ratio (CR), and debt ratio (DR) to the financial distress of coal mining companies listed in Indonesian Stock Exchange the period of 2010 – 2015. This study used secondary data obtained from IDX website with data collection method of purposive sampling then obtained 35 data sample research. Method of data analysis in this research is multiple linear regression analysis. Result of this research is return on assets (ROA) have significant positive effect to financial distress, current ratio (CR) has no positive significant effect on financialdistress, and debt ratio (DR) has a significant negative effect on financial distress of coal mining company. The results of this study obtained R square value of 0.869 which means the company’s financial distress condition can be predicted by using the four independent variabels.

PENGARUH RASIO KEUANGAN DALAM MEMPREDIKSI POTENSI KEBANGKRUTAN PADA PERUSAHAAN CUSTOMER GOODS YANG TERDAFTAR DI BURSA EFEK INDONESIA

2015 ◽  
pp. 70-82
Author(s):  
Lamria Sagala
Keyword(s):  
Capital Market ◽  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Return On Assets ◽  
Current Ratio ◽  
Financial Distress Prediction ◽  
Distress Prediction ◽  
A Company

This study aims to identify and analyze the influence of Current Ratio, Debt To Assets Ratio, Return on Assets, and Earning Per Share partially or simultaneously to the prediction of financial distress on customer goods companies listed in Indonesia Stock Exchange.The population in this study is a company customer goods listed in Indonesia Stock Exchange in 2010-2012. Of the 36 listed companies, 32 companies selected samples using purposive sampling method. The data used in this research is secondary data, to gather the information needed from www.idx.co.id and Indonesian Capital Market Directory (ICMD). This study analyzed using logistic regression analysis. The conclusion that can be drawn from this study is that the Current Ratio, Debt To Assets Ratio, Return on Assets, and earning per share has an influence on the prediction of financial distress. While only partially Debt To Assets Ratio which has a significant influence on the prediction of financial distress while the three other independentvariables have no effect on financial distress prediction.

scholarly journals Akurasi Model Logistik Springate, Zmijewski, dan Grover Dalam Menakar Kesulitan Keuangan Perusahaan Pembiayaan

2019 ◽  
Vol 3 (1) ◽  
pp. 1-10
Author(s):  
Munawarah Munawarah
Keyword(s):  
Logistic Regression ◽  
Predictive Models ◽  
Financial Distress ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Total Sample ◽  
Annual Reports ◽  
Analysis Model ◽  
Purposive Sampling

This study aims to determine springate, grover and zmijewski able to predict the condition of financial distress in finance companies listed on the Indonesia Stock Exchange. From  three models can be known which model is the most accurate in predicting financial distress. There are 17 companies in Financing sector as population in this study from 2013-2017. Using purposive sampling technique, total sample of 85 financing companies was obtained. Secondary data were used in this research sourced from the company's annual reports. The analysis model used is logistic regression. Simultaneously, all predictive models affect the probability of financial distress. While partially only Zmijewski can influence the prediction of financial distress conditions in Financing sub-sector companies listed on the Indonesia Stock Exchange. Nagelkerqe Square value shows 0.606 meaning that only 60.6% variation of the accuracy of these three models in predicting financial distress conditions of finance companies. While 39.4% can be explained by other models not examined in this study.

scholarly journals Analisis Pengaruh Current Ratio, Return On Assets, Debt Equity Ratio, dan Cash Position Terhadap Dividen Payout Ratio pada Perusahaan Manufaktur Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Selama Periode 2015-2017

2020 ◽  
Vol 4 (4) ◽  
pp. 168
Author(s):  
Rosmeilani Christina Marintan Tiurma ◽  
Indra Widjaja
Keyword(s):  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Current Ratio ◽  
Dividend Payout ◽  
Negative Effect ◽  
Equity Ratio ◽  
Selection Of

The research aimed to determine the effect of Current Ratio (CR), Return on Assets (ROA), Debt Equity Ratio (DER) and Cash Position (CP), against the Dividend Payout Ratio (DPR) on manufacturing companies specially in consumption sector In Indonesia Stock Exchange for period 2015-2017. This study also purposes to determine the effect of Current Ratio (CR), Return on Assets (ROA), Debt Equity Ratio (DER) and Cash Position (CP) simultaneous against the Dividend Payout Ratio (DPR). This research was used a causal associative method by taking secondary data. The selection of sample used purposive sampling method. From the predetermined criteria obtained a sample of 13 companies. Analysis using SPSS Program.Based on statistical t test, the result of the research shows that Return on Assets (ROA) had a significant, negative effect on Dividend Payout Ratio (DPR). Meanwhile, other variables like Current Ratio (CR), Debt to Equity Ratio (DER) and Cash Position (CP) did not affect the Dividend Payout Ratio (DPR). Based on F test indicates that variables Current Ratio (CR), Return on Assets (ROA), Debt to Equity Ratio (DER) and Cash Position (CP) simultaneously affect Dividend Payout Ratio (DPR) on manufacturing companies on consumption sector listed in Indonesia Stock Exchange for period 2015-2017.

scholarly journals Analisa Kinerja Keuangan Terhadap Financial Distress Pada Perusahaan Tekstil dan Garment Di BEI

2020 ◽  
Vol 8 (3) ◽  
pp. 309-318
Author(s):  
Muhammad Fatikh Satrio Ardi ◽  
Desmintari Desmintari ◽  
Fitri Yetty
Keyword(s):  
Quantitative Study ◽  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Negative Influence ◽  
Total Asset ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Independent Variable

This research is using quantitative study aimed to see the influence of liquidity, leverage, and profitability on financial distress. This research using textile and garment company that listed in Indonesian Stock Exchange as sample. The dependent variable in this study is financial distress and the independent variable in this study is liquidity that measured by current ratio, leverage that measured by debt to total asset ratio and profitability that measured by return on asset ratio. The sampling method in this study is using purposive sampling method. The sample used in this study is 17 Textile and garment company. The type of data used on this study is secondary data. This study is using Regression Logistic Analisys to testing the hypothesis. The result on this research is there are no influence of Leverage and Profitability to financial distress, and there is negative influence of Liquidity to financial distress.   Keyowords : liquidity, leverage, profitabily, financial distress, logistic

scholarly journals Predictions of Financial Distress in Consumption Goods Industrial Companies Listed on the Indonesia Stock Exchange in 2016-2018

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Muhammad Khusni Mubarrok ◽  
Mohammad Wasil ◽  
I. G. A. Aju Nitya Dharmani
Keyword(s):  
Logistic Regression ◽  
Data Analysis ◽  
Consumer Goods ◽  
Financial Distress ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Industrial Companies ◽  
Negative Effect ◽  
Consumer Goods Industry

This study aims to determine the prediction of financial distress in the Consumer Goods Industry companies listed on the Indonesia Stock Exchange. The research period used was 2016-2018. This research on financial distress prediction uses a quantitative approach. The study population includes all Consumer Goods Industry companies listed on the Indonesia Stock Exchange in the 2016-2018 period. The sample is determined by purposive sampling technique. The data analysis method used is logistic regression analysis. This study aims to test and prove whether DAR, CR, TATO, and ROA affect Financial Distress. The data in this study came from secondary data obtained through documentation techniques. Data analysis by logistic regression partially used SPSS for window version 25. The results showed that (1) debt asset to ratio (DAR) had no positive effect on financial distress, (2) current ratio (CR) has a negative but not significant effect on financial distress, (3) total asset turnover (TATO) has no negative effect on financial distress, (4) return on assets (ROA) has a negative and significant effect on 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  

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