Asosiasi Karakteristik Ceo Terhadap Potensi Kesulitan Keuangan Perusahaan

Tanjaya, Felix Leonardo; Santoso, Eko Budi

doi:10.37715/mapi.v1i2.1407

Cited by 11 publications

(15 citation statements)

References 10 publications

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“…Financial distress is a condition of companies that experience a lack of cash flow to meet debt obligations (Altman et al, 2019). Financial distress is characterized by the condition of the company experiencing financial difficulties or liquidation that must be faced before the occurrence of bankruptcy (Mahaningrum & Merkusiwati, 2020;Tanjaya & Santoso, 2020). There are several indicators to determine financial distress conditions, namely negative profits in a row, negative working capital, negative cash flow and difficulty in paying obligations (Kristanti, 2019).…”

Section: Financial Distressmentioning

confidence: 99%

The Effect of Profitability, Liquidity, and Solvency on Financial Distress of Textile and Garment Companies in Indonesia

Maximillian

Septina²

2022

ECODEMICA

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Indonesia's manufacturing GDP growth experienced a downward trend from 2015-2020. All manufacturing companies experienced a decline, including textile and garment sub-sector companies. There are 4 textile and garment sub-sector companies that have suffered consecutive losses and high raw material costs caused indications of financial distress in textile and garment sub-sector companies. This study aims to determine the effect of profitability, liquidity, and solvency on financial distress in textile and garment sub-sector companies for the period 2015-2020. Profitability is measured by Return On Asset (ROA), liquidity is measured by Current Asset (CR), solvency is measured by Debt to Asset (DAR), and financial distress is measured by Altman Z-score. This study sample used 15 textile and garment sub-sector companies listed on the Indonesia Stock Exchange. This study uses a quantitative approach. Data analysis method using Pooled Least Square. The results showed that profitability and liquidity had a positive and significant effect on financial distress. Solvency has a negative and significant effect on financial distress.

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Section: Financial Distressmentioning

confidence: 99%

The Effect of Profitability, Liquidity, and Solvency on Financial Distress of Textile and Garment Companies in Indonesia

Maximillian

Septina²

2022

ECODEMICA

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“…CEO characteristics are internal company factors that can determine the results of company performance from a financial point of view. Tanjaya and Santoso (2020) state that the CEO is the most important figure in managing and determining the company's future strategy in order to avoid financial distress. The CEO is also responsible for the success of the company he leads.…”

Section: Introductionmentioning

confidence: 99%

“…The leadership of a CEO will affect the level of confidence of potential investors to invest at a high value. Investors can assess a company by knowing the CEO (Tanjaya and Santoso, 2020).…”

Section: Introductionmentioning

confidence: 99%

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

Mahardini

Bandi²

2023

jak

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The results of company performance can be determined by one of the internal factors of the company, namely the characteristics possessed by the CEO. Echelon theory explains that vision and strategy choices can be influenced by CEO experience and personality which ultimately affect company performance. The motivation for this study is that in Indonesia it is still rare to use a combination of CEO characteristics variables and financial indicators as factors that can affect financial distress in companies. The aim of this study is to examine the impact of CEO characteristics and financial indicators on financial distress in state-owned companies in Indonesia. This study uses state-owned enterprises (SOEs) listed on the Indonesia Stock Exchange as the research population. The research data was tested using Logistic Regression Analysis. The research findings show that CEO age and sales growth have a significant effect on financial distress. While CEO tenure, CEO educational background, and total liabilities to total assets have no significant effect on financial distress.

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“…The face of masculinity is a concept of masculine behavior that exists in men has implications for aggressive nature, has a character who is hard tends to be emotional to perform actions (Jewitt, 1997). The face of masculinity has factors that can affect the performance of a male CEO in managing a company (Tanjaya & Santoso, 2020). Kamiya of masculine behavior and aggressive behavior.…”

Section: Introductionmentioning

confidence: 99%

“…Kamiya of masculine behavior and aggressive behavior. The face of high male CEO masculinity can be predicted to be more aggressive in managing the company (Tanjaya & Santoso, 2020). Bertrand & Schoar, (2003) explained that the characteristics of male CEOs have an influence on the company's decision-making process.…”

Section: Introductionmentioning

confidence: 99%

The Influence of fWHR Male CEO on Research & Development

Asyik¹,

Muchlis²,

Riharjo³

et al. 2022

Preprint

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This research aims to obtain empirical evidence of the influence of the masculinity of male CEOs on the of research & development, this research seeks to identify the influence of the face of mas-culinity of male CEO’s on the of research & development. The study used a quantitative approach with population and research samples using companies listed on the Indonesia Stock Exchange from 2016 to 2021. The study collected images of faces identified as male CEOs from data from the Indonesia Stock Exchange website and company as utilizing Google searches. The data analysis method in this study used Regression Ordinary Least Square (OLS) with Stata Software. Stata software is one of the regression completion procedures that has a high degree of flexibility in re-search that connects theories, concepts and data that can be done on variables in research. The findings empirically explain that the higher the face value of male CEO masculinity has an impact on reducing research & development costs, and vice versa the lower the face value of male CEO masculinity has an impact on increasing research & development. The practical implications of the research results can help the Indonesian Association of Accountants in developing Financial Accounting Standard No. 19 in Indonesia. The theoretical implications of the research results can explain the Theory of Agency and the Theory of Consistency of Behavior. The policy implications of the results of the study can provide empirical evidence that the higher the facial value of male CEO masculinity has an impact on reducing research & development, while also the lower the face value of male CEO masculinity has an impact on increasing research & development.

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Asosiasi Karakteristik Ceo Terhadap Potensi Kesulitan Keuangan Perusahaan

Cited by 11 publications

References 10 publications

The Effect of Profitability, Liquidity, and Solvency on Financial Distress of Textile and Garment Companies in Indonesia

The Effect of Profitability, Liquidity, and Solvency on Financial Distress of Textile and Garment Companies in Indonesia

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

The Influence of fWHR Male CEO on Research & Development

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