scholarly journals Faktor yang Mempengaruhi Kondisi Financial Distress Perusahaan Property dan Real Estate

Owner ◽  
2019 ◽  
Vol 3 (1) ◽  
pp. 82
Author(s):  
Siti Aisyah Nasution
Keyword(s):  
Real Estate ◽  
Cash Flow ◽  
Significant Influence ◽  
Financial Distress ◽  
Stock Exchange ◽  
Current Ratio ◽  
Financial Ratio ◽  
Leverage Ratio ◽  
Matching Test ◽  
Model Coefficient

The purpose of this study was to find out the influence of Financial Ratio on financial distress in Property and Real Estate companies listed in the Indonesian Stock Exchange. The factors which tested in this research were Current Ratio. Leverage Ratio, and Cash Flow. The study used causal method which was aimed to analyze the influence of independent variables on dependent variable. The population was 22 property and real estate companies listed in the Indonesian Stock Exchange in the period of 2011-2014 until there were 88 saturated samples. The data were analyzed by using logistic regression analysis. The result of the study showed that the data in this study were in accordance with the model and the result of the matching test of regression model which was able to analyze the problems. Simultaneously, the result of Ominbus Test of Model Coefficient showed that Current Ratio, Leverage Ratio and Cash Flow had significant influence on financial distress. Partially, Current Ratio, and Cash Flow had positive and significant influence on Financial Distress, Leverage Ration had negative but significant influence on Financial Distress.  

scholarly journals How Corporate Governance protects Indonesian Companies From Financial Distress

2021 ◽  
Vol 10 (1) ◽  
pp. 13-22
Author(s):  
Novin Lesmana ◽  
Cacik Rut Damayanti
Keyword(s):  
Corporate Governance ◽  
Real Estate ◽  
Board Of Directors ◽  
Significant Influence ◽  
Financial Distress ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Debt Ratio ◽  
Return On Assets ◽  
Current Ratio

This research aimed to determine the influence of corporate governance which is proxied by the Independent Board of Commissioners, Board of Directors, Institutional ownership, and Financial Performance which is proxied by Return on Assets (ROA), Current Ratio (CR), Debt Ratio (DR) on Financial Distress as measured by Z-score. The importance of implementing corporate governance and corporate financial performance will help predict financial distress in company. This research is conducted in property, real estate and buiding construction sector listed in Indonesia Stock Exchange during the periods 2016-2018. The type of this reasearch is explanatory research, using a quantitative approach. This research was conducted on 17 samples of property, real estate and buiding construction companies listed in Indonesia Stock Exchange during the periods 2016-2018. Samples were obtained through purposive sampling method. The analysis technique is used multiple linier regression. The results show that Return on Assets, Current Ratio, Debt Ratio variables have a significant influence on financial distress. Variables Independent Board of Commissioners, Board of Directors, Institutional Ownership did not partially have a significant influence on financial distress.

scholarly journals Financial Ratio Analysis to Predict Financial Distress on Property and Real Estate Company listed in Indonesia Stock Exchange

2019 ◽  
Vol 2 (2) ◽  
pp. 125
Author(s):  
Imas Nurani Islami ◽  
William Rio
Keyword(s):  
Real Estate ◽  
Financial Distress ◽  
Stock Exchange ◽  
Financial Ratios ◽  
Debt Ratio ◽  
Current Ratio ◽  
Return On Equity ◽  
Financial Ratio ◽  
Foreign Companies ◽  
Equity Ratio

This study aims to prove the ability of financial ratios in measuring financial distress. As is known that the start of the number of new companies that compete in order to achieve corporate goals, even more national companies that want to compete with foreign companies. On this basis, researchers attempt to prove the probability of occurring financial distress by using several financial ratios, especially large companies such as property and real estate firms. The financial ratios used in this study are current ratio, debt ratio, return on equity ratio, and capitalization ratio. With the type of research that is quantitative, the population that has been used in this study are property and real estate companies listed on the Indonesia Stock Exchange period 2012-2016. -. The sample obtained is a company that continuously publish its financial report within five years. According to the results of research that has been done, the ratio is able to measure the possibility of financial distress in property companies and real estate is the current ratio, debt ratio, and return on equity ratio. While the ratio is not able to measure the likelihood of occurrence of financial distress is capitalization ratio.

scholarly journals Financial Ratio Analysis to Assess Financial Performance of the Hotel Industry

2021 ◽  
Vol 5 (3) ◽  
pp. 346
Author(s):  
Tjeng Gloria Santoso ◽  
Supatmi Supatmi
Keyword(s):  
Financial Performance ◽  
Activity Ratio ◽  
Stock Exchange ◽  
Research Result ◽  
Hotel Industry ◽  
Analysis Tool ◽  
Current Ratio ◽  
Financial Ratio ◽  
Leverage Ratio ◽  
Hotel Performance

Analysis of financial performance can be implemented to all companies, including to hotel industries. For the last few years, there are many issues that income of hotel industry increases because of the soaring numbers of foreign and domestic tourists in Indonesia.  This study aims to analyze financial ratio to assess the financial performance of hotel industry in 2015-2018. Research sample were 12 companies of 35 hotel industries that were listed in Indonesian Stock Exchange in 2015-2018. Analysis tool used in this research were liquidity ratio, profitability ratio, activity ratio, leverage ratio, and operational ratio. Research result showed good ratios; they were liquidity ratio that was indicated by current ratio, profitability ratio that was pointed by net profit margin, return on asset, and return on equity, also paid occupancy percentage on activity ratio. While the not good ratio, which was activity ratio was pointed by total asset turnover, then leverage ratio by equity multiplier, debt to asset ratio, and debt to equity ratio, also operational ratio which was showed through average room rate and food and beverage cost. Research result of hotel performance in 2015-2018 which is based on financial ratio, they are liquidity, activity, profitability, leverage, and operational, describes that hotel performance is fluctuated. Generally seen, a good ratio in this study is the liquidity ratio that is pointed by current ratio, then profitability ratio that are demonstrated by NPM, ROA, and ROE, also paid occupancy percentage in activity ratio.

scholarly journals THE INFLUENCE OF LIQUIDITY, CAPITAL STRUCTURE, PROFITABILITY AND CASH FLOWS ON THE COMPANY’S FINANCIAL DISTRESS

2019 ◽  
Vol 20 (1) ◽  
pp. 59-68
Author(s):  
MUHAMMAD REZA FAHLEVI ◽  
AAN MARLINAH
Keyword(s):  
Capital Structure ◽  
Cash Flow ◽  
Financial Distress ◽  
Stock Exchange ◽  
Financial Statements ◽  
Cash Flows ◽  
Financial Statement ◽  
Flow Ratio ◽  
Return On Assets ◽  
Current Ratio

Financial distress is a complicated phase and multidimensional problem facing by the company. Since it leads the company on the possibility of bankruptcy, this situation needs immediately to be recovered. This study aims to determine the factors that influence the company's financial distress. There are ten variables in this study which are classified into four categories: liquidity, capital structure, profitability and cash flows. This study used financial statement data of manufacturing company which is listed in Indonesia Stock Exchange during the threeyear study period from 2011 to 2013. There are some criteria in choosing the representative sample so that the sum of the companies are 90 companies or equal to 270 financial statements data. The empirical findings show that there are only three variables that influence the company’s financial distress. The significant variables are current ratio (liquidity), return on assets (profitability) and cash flow ratio (cash flow).

scholarly journals Dampak Profitabilitas, Rasio Likuiditas Dan Rasio Leverage Terhadap Financial Distress Pada Perusahaan Jasa Sub Sektor Property Dan Real Estate Di Indonesia

2021 ◽  
Vol 3 (2) ◽  
pp. 119-136
Author(s):  
Yoyo Sudaryo ◽  
Nunung Ayu Sofiat ◽  
Ita Kumaratih ◽  
Astrin Kusumawardani ◽  
Ana Hadiana
Keyword(s):  
Real Estate ◽  
Research Methods ◽  
Financial Distress ◽  
Research Method ◽  
Quantitative Research ◽  
Activity Ratio ◽  
Stock Exchange ◽  
Quantitative Research Methods ◽  
Leverage Ratio ◽  
Average Value

Abstract                Financial distress starts from the company's inability to fulfill its obligations. Companies that have consecutively decreased, the company was in financial distress before the bankruptcy occurred.The purpose of this study was to determine the effect of profitability ratios, activity ratios and leverage ratios on financial distress in property and real estate sub-sector service companies listed on the Indonesia Stock Exchange (BEI).The research method used is a quantitative method with descriptive and verification approaches, quantitative research methods are research methods used to examine a particular population or sample. Descriptive research method is used to determine the value of the independent variable, while verification is used to determine the effect of two or more variables.The results showed the average value of each variable as follows: Financial Distress 4.52, Profitability Ratio 0.07, and Activity Ratio 17.13, Leverage Ratio 52.76. The results of the t test of the Profitability Ratio have an effect on Financial Distress, and the Activity Ratio has no effect on Financial Distress, the Leverage Ratio has an effect on Financial Distress. Based on the results of the f test, it shows that the profitability ratio, activity ratio and leverage ratio simultaneously (together) have a significant effect on financial distress.  Keywords: Profitability Ratio, Activity Ratio, Leverage Ratio, Financial Distress.

scholarly journals ANALISIS RASIO KEUANGAN UNTUK MEMPREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
pp. 90-102
Author(s):  
Juliana Manurung ◽  
Kornel Munthe
Keyword(s):  
Financial Distress ◽  
Prediction Accuracy ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Analysis Method ◽  
Return On Assets ◽  
Current Ratio ◽  
Financial Ratio ◽  
Study Population ◽  
Equity Ratio

This study aims to predict financial distress through the variable lancer ratio, return on assets and debt to equity ratio since 1, 2 and 3 years before it occurs in manufacturing companies listed on the Indonesia Stock Exchange. The study population was all manufacturing companies listed on the Indonesia Stock Exchange, and by using purposive sampling, a sample of 66 companies was obtained. The data analysis method used is logistic regression. The results showed the current ratio variable, return on assets and debt to equity ratio, together had a significant effect on the probability of financial distress for one, two and three years before it occurred in the manufacturing companies listed on the Indonesia Stock Exchange since one, two and three before it occurs at α = 5 percent. The level of prediction accuracy of the effect of financial ratio information on the probability of financial distress on companies that have been listed on the Indonesia Stock Exchange since one, two and three years before experiencing financial distress occurred respectively was 97.0 percent, 77.3 percent and 74.2 percent. The current ratio variable and the debt to equity ratio partially do not significantly influence the probability of financial distress for one, two and three years before it occurs, whereas the debt to equity ratio partially has a positive and significant effect on financial distress for one, two and three years before it occurs in companies that have been listed on the Indonesia Stock Exchange.

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 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  

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.

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