Research Article | | Peer-Reviewed

Relationship and Influence Four Components on Financial Distress in Non-Financial Sector Companies Listed on the IDX Period 2020-2022

Received: 28 August 2023     Accepted: 15 September 2023     Published: 28 October 2023
Views:       Downloads:
Abstract

The studies examine the four components of detecting financial misery for the duration of the covid-19 pandemic in non-financial sector businesses in indonesia with a 3-yr remark length, specifically 2020-2022. The populace consists of corporations operating within the non-economic sector which can be listed at the indonesian inventory alternate in 2020-2022 and have bad ebit for 3 consecutive years. The samples had been forty non-monetary organizations with a hundred and twenty observations the use of a focused sampling approach. The analysis method makes use of a multiple regression evaluation with secondary statistics on the organization's economic statements. The results of the research tested concluded that the variables sales increase and leverage ratio have no relation and no impact on economic distress, whilst the liquidity ratio and general asset turnover have no relation and no effect on monetary distress. The complete wealth turnover has a positive effect on the economic distress. The very last end is that the company wishes to boom sales increase and debt-to-equity ratios. The better the overall asset turnover and the liquidity ratio, the decrease the monetary burden will be.

Published in International Journal of Business and Economics Research (Volume 12, Issue 5)
DOI 10.11648/j.ijber.20231205.11
Page(s) 162-167
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

Four Components, Financial Distress, Non-Financial Sector Companies

References
[1] Harahap, S. S. (2016). Analisis Kritis Atas Laporan Keuangan. PT Rajagrafindo Persada.
[2] Kasmir. (2021). Analisis Laporan Keuangan. PT Rajagrafindo Persada.
[3] Nisa. (2022). Cara Menghitung dan Tips Meningkatkan Sales Growth yang Efektif untuk Pertumbuhan Bisnis.
[4] Margaretha, F. (2005). Teori Dan Aplikasi Manajemen Keuangan. PT Gramedia Widiasarana Indonesia.
[5] Bringham, E. E., & Houston, J. F. (2018). Dasar-Dasar Manajemen keuangan. Salemba Empat.
[6] Bps. go. id. (2020). Katalog: Analisis Hasil Survei Dampak COVID-19 terhadap Pelaku usaha. Analisis Hasil Survei Dampak COVID-19 Terhadap Pelaku Usaha, vi+ 22 halaman.
[7] Platt, H., & Platt, M. (2002). Predicting corporate financial distress: Reflections on choice-based sample bias. Predicting Corporate Financial Distress: Reflections on Choice-Based Sample Bias.
[8] Husein, M. F., & Pambekti, G. T. (2015). Precision of the models of Altman, Springate, Zmijewski, and Grover for predicting the financial distress. Journal of Economics, Business & Accountancy Ventura, 17 (3), 405. https://doi.org/10.14414/jebav.v17i3.362
[9] Qamruzzaman, M., & Jianguo, W. (2016). Analysis of Financial Distress on Micro Finance Institutions (Mfis) in Bangladesh: a Case Study of Grameen Bank. Commonwealth Journal of Commerce & Management Research, 3 (12), 1–15.
[10] Kristanti, F. T. (2019). Financial Distress - Teori Dan Perkembangan Dalam Konteks Indonesia. Inteligensia Media.
[11] Kristanti, F. T. (2020). Financial Distress, Teori Dan Perkembangannya Dalam Konteks Indonesia. https://www.researchgate.net/publication/338346034_Financial_Distress_Teori_dan_Perkembangannya_dalam_Konteks_Indonesia.
[12] Raharjo, D. S., & Santosa, A. D. (2020). STATA 14 Untuk Penelitian.
[13] Widhiari, N. L. M. A., & Merkusiwati, N. K. L. A. (2015). Pengaruh Rasio Likuiditas, Leverage, Operating Capacity, Dan Sales Growth Terhadap Financial Distress. E-Jurnal Akuntansi Universitas Udayana, 11 (2), 456–469.
[14] Radiansyah, B. (2013). Pengaruh Efisiensi Operasi, Arus Kas Operasi, Dan Pertumbuhan Perusahaan Dalam Memprediksi Financial Distress. Jurnal Akuntansi, Vol. 1 (September), No 3.
[15] Sarina, S., Lubis, A., & Linda, L. (2020). Pengaruh Ukuran Perusahaan, Debt To Equity Ratio, Return On Equity Dan Current Ratio Untuk Mengidentifikasi Financial Distress Pada Perusahaan Properti Yang Terdaftar Di Bursa Efek Indonesia Periode 2014-2017. Owner (Riset Dan Jurnal Akuntansi), 4 (2), 527. https://doi.org/10.33395/owner.v4i2.243
[16] Heniwati, E., & Essen, E. (2020). Which Retail Firm Characteristics Impact On Financial Distress? Jurnal Akuntansi Dan Keuangan, 22 (1), 40–46.
[17] Gunawan, A. W., Assagaf, A.,& Sayidah, N. (2017). Financial Distress Di Bumn Indonesia Dan Faktor-Faktor Yang Mempengaruhi Investasi, Leverage Dan Cash Flow OperationDan Keuangan), 3.
[18] Fadlillah, M. R. (2019). Faktor-Faktor Yang Mempengaruhi Financial Distress Pada Perusahaan Manufaktur Di Indonesia. Jurnal AKSI (Akuntansi Dan Sistem Informasi), 4 (1), 19–28.
[19] Giarto, R. V. D., & Fachrurrozie, F. (2020). The Effect of Leverage, Sales Growth, Cash Flow on Financial Distress with Corporate Governance as a Moderating Variable. Accounting Analysis Journal, 9 (1), 15–21.
[20] Bernadin, D. E. Y., & Indirani, G. (2020). Kesulitan Keuangan: Leverage, Likuiditas, Aktivitas dan Ukuran Perusahaan Dimoderasi Profitabilitas. 1 (1), 38–49.
[21] Cororina, M. (2020). No Title. Dampak Pandemi Covid -19 Terhadap Sektor Bisnis Di Indonesia.
[22] Curry, K., Banjarnahor, E., Diploma, P., & Keuangan, E. (2018). Financial Distress Pada Perusahaan Sektor Properti Go. 207–221.
[23] Almilia, L. S., & Kristijadi, K. (2003). Analisis Rasio Keuangan Untuk Memprediksi Kondisi Financial Distress Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Jakarta. Jurnal Akuntansi Dan Auditing Indonesia, 7 (2), 183–210.
[24] Antikasari, T. W., & Djuminah, D. (2017). Memprediksi Financial Distress Dengan Binary Logit Regression Perusahaan Telekomunikasi. Jurnal Keuangan Dan Perbankan, 21 (2), 265–275.
[25] Handayani, S., Perwitasari, E. P., & Hermawan, M. A. (2021). The Effect of Financial Ratio to Financial Distress Mediated by Profitability Ratio in PT Angkasa Pura II (Persero). Jejak, 14 (2), 398–414.
Cite This Article
  • APA Style

    Rudy Budiatmaja. (2023). Relationship and Influence Four Components on Financial Distress in Non-Financial Sector Companies Listed on the IDX Period 2020-2022. International Journal of Business and Economics Research, 12(5), 162-167. https://doi.org/10.11648/j.ijber.20231205.11

    Copy | Download

    ACS Style

    Rudy Budiatmaja. Relationship and Influence Four Components on Financial Distress in Non-Financial Sector Companies Listed on the IDX Period 2020-2022. Int. J. Bus. Econ. Res. 2023, 12(5), 162-167. doi: 10.11648/j.ijber.20231205.11

    Copy | Download

    AMA Style

    Rudy Budiatmaja. Relationship and Influence Four Components on Financial Distress in Non-Financial Sector Companies Listed on the IDX Period 2020-2022. Int J Bus Econ Res. 2023;12(5):162-167. doi: 10.11648/j.ijber.20231205.11

    Copy | Download

  • @article{10.11648/j.ijber.20231205.11,
      author = {Rudy Budiatmaja},
      title = {Relationship and Influence Four Components on Financial Distress in Non-Financial Sector Companies Listed on the IDX Period 2020-2022},
      journal = {International Journal of Business and Economics Research},
      volume = {12},
      number = {5},
      pages = {162-167},
      doi = {10.11648/j.ijber.20231205.11},
      url = {https://doi.org/10.11648/j.ijber.20231205.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20231205.11},
      abstract = {The studies examine the four components of detecting financial misery for the duration of the covid-19 pandemic in non-financial sector businesses in indonesia with a 3-yr remark length, specifically 2020-2022. The populace consists of corporations operating within the non-economic sector which can be listed at the indonesian inventory alternate in 2020-2022 and have bad ebit for 3 consecutive years. The samples had been forty non-monetary organizations with a hundred and twenty observations the use of a focused sampling approach. The analysis method makes use of a multiple regression evaluation with secondary statistics on the organization's economic statements. The results of the research tested concluded that the variables sales increase and leverage ratio have no relation and no impact on economic distress, whilst the liquidity ratio and general asset turnover have no relation and no effect on monetary distress. The complete wealth turnover has a positive effect on the economic distress. The very last end is that the company wishes to boom sales increase and debt-to-equity ratios. The better the overall asset turnover and the liquidity ratio, the decrease the monetary burden will be.
    },
     year = {2023}
    }
    

    Copy | Download

  • TY  - JOUR
    T1  - Relationship and Influence Four Components on Financial Distress in Non-Financial Sector Companies Listed on the IDX Period 2020-2022
    AU  - Rudy Budiatmaja
    Y1  - 2023/10/28
    PY  - 2023
    N1  - https://doi.org/10.11648/j.ijber.20231205.11
    DO  - 10.11648/j.ijber.20231205.11
    T2  - International Journal of Business and Economics Research
    JF  - International Journal of Business and Economics Research
    JO  - International Journal of Business and Economics Research
    SP  - 162
    EP  - 167
    PB  - Science Publishing Group
    SN  - 2328-756X
    UR  - https://doi.org/10.11648/j.ijber.20231205.11
    AB  - The studies examine the four components of detecting financial misery for the duration of the covid-19 pandemic in non-financial sector businesses in indonesia with a 3-yr remark length, specifically 2020-2022. The populace consists of corporations operating within the non-economic sector which can be listed at the indonesian inventory alternate in 2020-2022 and have bad ebit for 3 consecutive years. The samples had been forty non-monetary organizations with a hundred and twenty observations the use of a focused sampling approach. The analysis method makes use of a multiple regression evaluation with secondary statistics on the organization's economic statements. The results of the research tested concluded that the variables sales increase and leverage ratio have no relation and no impact on economic distress, whilst the liquidity ratio and general asset turnover have no relation and no effect on monetary distress. The complete wealth turnover has a positive effect on the economic distress. The very last end is that the company wishes to boom sales increase and debt-to-equity ratios. The better the overall asset turnover and the liquidity ratio, the decrease the monetary burden will be.
    
    VL  - 12
    IS  - 5
    ER  - 

    Copy | Download

Author Information
  • Management and Accounting, Esa Unggul University, Jakarta, Indonesia

  • Sections