Ida Ayu Fatmayuni, Sri Dwi Ari Ambarwati, Hendro Widjanarko
{"title":"财务困境的决定因素:印尼证券交易所制造业公司的证据 2018 - 2022","authors":"Ida Ayu Fatmayuni, Sri Dwi Ari Ambarwati, Hendro Widjanarko","doi":"10.47153/afs41.8502024","DOIUrl":null,"url":null,"abstract":"This study aims to examines six financial ratios on the manufacture companies. The six financial ratios are profitability (ROA and ROE), liquidity ratio (CR and QR), solvency ratio (DAR and DER), activity ratio (TATO), sales growth (SG) and market value (EPS and MBV). Variable Y are used binary. To determine the binary variable, the researcher uses a proxy where the company is experiencing financial distress if 1) the company has negative equity for two consecutive years, 2) the company experienced negative net income for two consecutive years (Luu Thu, 2023). The sample selection is based on the purposive sampling method, in order to obtain a sample of 147 companies. The analytical method used in this research is logistic analysis. The software in this study uses STATA17. The 33% of manufacturing companies studied were companies that experienced financial distress. This result of this study concludes that: 1) ROA_X1, ROE_X2, QR_X4, and TATO_X7 variables have a significant negative effect on financial distress. 2) The variables DAR_X5, and MBV_X10 have a significant positive effect on financial distress. 3) CR_X3, DER_X6, SG_X8 and EPS_X9 have no significant relationship with financial distress.","PeriodicalId":511787,"journal":{"name":"Accounting and Finance Studies","volume":"786 ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Determinant Financial Distress: Evidence Manufacture Company in Indonesia Stock Exchange 2018 – 2022\",\"authors\":\"Ida Ayu Fatmayuni, Sri Dwi Ari Ambarwati, Hendro Widjanarko\",\"doi\":\"10.47153/afs41.8502024\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study aims to examines six financial ratios on the manufacture companies. The six financial ratios are profitability (ROA and ROE), liquidity ratio (CR and QR), solvency ratio (DAR and DER), activity ratio (TATO), sales growth (SG) and market value (EPS and MBV). Variable Y are used binary. To determine the binary variable, the researcher uses a proxy where the company is experiencing financial distress if 1) the company has negative equity for two consecutive years, 2) the company experienced negative net income for two consecutive years (Luu Thu, 2023). The sample selection is based on the purposive sampling method, in order to obtain a sample of 147 companies. The analytical method used in this research is logistic analysis. The software in this study uses STATA17. The 33% of manufacturing companies studied were companies that experienced financial distress. This result of this study concludes that: 1) ROA_X1, ROE_X2, QR_X4, and TATO_X7 variables have a significant negative effect on financial distress. 2) The variables DAR_X5, and MBV_X10 have a significant positive effect on financial distress. 3) CR_X3, DER_X6, SG_X8 and EPS_X9 have no significant relationship with financial distress.\",\"PeriodicalId\":511787,\"journal\":{\"name\":\"Accounting and Finance Studies\",\"volume\":\"786 \",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2024-01-31\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Accounting and Finance Studies\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.47153/afs41.8502024\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounting and Finance Studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.47153/afs41.8502024","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Determinant Financial Distress: Evidence Manufacture Company in Indonesia Stock Exchange 2018 – 2022
This study aims to examines six financial ratios on the manufacture companies. The six financial ratios are profitability (ROA and ROE), liquidity ratio (CR and QR), solvency ratio (DAR and DER), activity ratio (TATO), sales growth (SG) and market value (EPS and MBV). Variable Y are used binary. To determine the binary variable, the researcher uses a proxy where the company is experiencing financial distress if 1) the company has negative equity for two consecutive years, 2) the company experienced negative net income for two consecutive years (Luu Thu, 2023). The sample selection is based on the purposive sampling method, in order to obtain a sample of 147 companies. The analytical method used in this research is logistic analysis. The software in this study uses STATA17. The 33% of manufacturing companies studied were companies that experienced financial distress. This result of this study concludes that: 1) ROA_X1, ROE_X2, QR_X4, and TATO_X7 variables have a significant negative effect on financial distress. 2) The variables DAR_X5, and MBV_X10 have a significant positive effect on financial distress. 3) CR_X3, DER_X6, SG_X8 and EPS_X9 have no significant relationship with financial distress.