An Analysis Of Factors  Affecting The Financial Distress: The Case Of SOEs In Indonesia

Mahardini, Nikke Yusnita; Bandi,

doi:10.30656/jak.v10i1.6144

Cited by 2 publications

(2 citation statements)

References 21 publications

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“…we fail to reject null and conclude leverage has insignificant effect on distress. Results are in agreement to findings by Mahardini (2023), Dirman (2020), Oktasari (2020) and Bernadin & Tifani (2019) who concluded that leverage had no positive significant effect on distress. The results however, contradicts findings by Marimuthu (2021), Octavia (2021), Ufo (2015), Muin (2020), diyanto (2020 ) and Bahri et.…”

Section:  Effect Of Profitability Leverage and Efficiency On Financi...supporting

confidence: 92%

Profitability, Leverage, Efficiency and Financial Distress in Commercial and Manufacturing State Corporations in Kenya

Kibe,

Wamugo,

Atheru

2023

IJFA

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Purpose: The major goal was to investigate effect of profitability, leverage, and efficiency on financial distress in Kenya's State Corporations in the commercial and manufacturing sector. The study also attempted to determine moderating effect of size on relationship between profitability, leverage, efficiency, and financial distress in Kenyan Commercial and Manufacturing Corporations. Methodology: Positivist philosophy and explanatory non-experimental research approach were used in this investigation. The study's population consisted of 25 State Corporations in Kenya in Commercial and manufacturing category. For the purposes of this study, a census of all 25 Commercial and Manufacturing Corporations was employed in study. Secondary data from audited accounts of state corporations for period 2015-2020 was used in analysis. Binary logistic regression was used in analysis. Diagnostics tests included multicollinearity, heteroscedasticity, likelihood ratio and autocorrelation tests. STATA statistical software was used to analyse data. Findings were presented using tables. Findings: The research outcomes indicated that profitability had significant effect on financial distress of commercial and manufacturing state corporations. Results also indicated that leverage had insignificant effect on financial distress. Efficiency also had significant effect on financial distress. The study adopted the product term interaction model approach in testing moderating effect of firm size on relationship between profitability, leverage and efficiency on financial distress. There was evidence showing that firm size significantly moderated the relationship between efficiency and financial distress in commercial and manufacturing state corporations in Kenya. Unique Contribution to Theory, Practice and Policy: This study relied on Agency, Stewardship, Efficiency, Pecking-order and Trade-off theories.The results indicated that profitability and efficiency variables are useful to management, those charged with governance and users of financial statement information in detection and mitigation of financial distress. The management and users of financial statements information should pay attention particularly to profitability and efficiency ratios. Findings are also useful to the government by providing an insight of distressed firms so that the exchequer can know and make prudence decision on the distressed state corporations that require financial bailouts. Lastly, this study adds a contribution to the limited literatures on financial distress in commercial and manufacturing state corporations in Kenya.

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Section:  Effect Of Profitability Leverage and Efficiency On Financi...supporting

confidence: 92%

Profitability, Leverage, Efficiency and Financial Distress in Commercial and Manufacturing State Corporations in Kenya

Kibe,

Wamugo,

Atheru

2023

IJFA

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“…Model Taffler menggunakan berbagai rasio keuangan dan variabel nonkeuangan untuk mengidentifikasi perusahaanperusahaan yang berisiko mengalami kebangkrutan. Beberapa rasio keuangan yang digunakan dalam model ini antara lain rasio likuiditas, rasio profitabilitas, rasio utang, dan rasio efisiensi (Yusnita Mahardini, 2023). Selain itu, model ini juga mempertimbangkan variabel non-keuangan seperti ukuran perusahaan, umur perusahaan, dan volatilitas pasar.…”

Section: Model Tafflerunclassified

Deteksi Kesehatan Keuangan Perusahaan Dengan Menggunakan Model Taffler Pada Sub Sektor Tekstil Dan Garmen

Mukti,

Ridhovan,

Damayanti

et al. 2023

JAB

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Penelitian ini bertujuan untuk melakukan deteksi kesehatan keuangan perusahaan yang termasuk kedalam sub sektor tekstil dan garmen dan terdaftar di Bursa Efek Indonesia (BEI) dengan menggunakan model Taffler dengan menggunakan data laporan keuangan pada periode 2020 - 2022. Melalui analisis data keuangan perusahaan dalam beberapa tahun terakhir, penelitian ini akan mengidentifikasi faktor penting yang mempengaruhi kesehatan keuangan perusahaan. Model Taffler akan digunakan untuk menggabungkan faktor keuangan dan faktor lainnya dalam mengevaluasi kesehatan keuangan perusahaan serta mengidentifikasi indikator-indikator potensial dari kebangkrutan. Hasil penelitian ini diharapkan dapat memberikan referensi bagi perusahaan dalam mengambil keputusan yang strategis. Penelitian ini model Taffler memprediksi 5 dari 15 perusahaan akan mengalami kebangkrutan pada tahun 2023 dan 2024.

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An Analysis Of Factors Affecting The Financial Distress: The Case Of SOEs In Indonesia

Cited by 2 publications

References 21 publications

Profitability, Leverage, Efficiency and Financial Distress in Commercial and Manufacturing State Corporations in Kenya

Profitability, Leverage, Efficiency and Financial Distress in Commercial and Manufacturing State Corporations in Kenya

Deteksi Kesehatan Keuangan Perusahaan Dengan Menggunakan Model Taffler Pada Sub Sektor Tekstil Dan Garmen

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