2018
DOI: 10.26740/bisma.v6n2.p130-138
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Determinan Keberhasilan Turnaround pada Perusahaan yang Mengalami Financial Distress

Abstract: This study aims to determine the factor that influence the succes of the turnaround firm experiencing financial disstres. These factor are profitability ratio, severity, free assets, size, downsizing, and CEO turnover. The sample used in this study is a non-financial companies listed on IDX 2008-2012 period, which had financial disstres in 2008-2009 as many as 60 companies. Financial disstres company’s was measured using the Altman Z-score. The data analysis technique used logistic regression. The research res… Show more

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Cited by 4 publications
(8 citation statements)
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“…A successful turnaround is a complex process that includes a combination of environmental factors, internal resources, relevant corporate strategies at various stages of performance decline, which results in improved financial performance. Companies need effective strategies to achieve recovery or success in turn around (Lestari & Triani, 2018). If the company is in quadrant IV, the company experiences a very unfavorable situation, the company faces various internal threats and weaknesses.…”
Section: Data Analysis Methodsmentioning
confidence: 99%
“…A successful turnaround is a complex process that includes a combination of environmental factors, internal resources, relevant corporate strategies at various stages of performance decline, which results in improved financial performance. Companies need effective strategies to achieve recovery or success in turn around (Lestari & Triani, 2018). If the company is in quadrant IV, the company experiences a very unfavorable situation, the company faces various internal threats and weaknesses.…”
Section: Data Analysis Methodsmentioning
confidence: 99%
“…Corporate turnaround merupakan proses untuk mengembalikan kondisi perusahaan yang awalnya mengalami financial distress kembali menjadi stabil. Deteksi dini akan financial distress diyakini dapat membantu pihak manajemen dalam mengimplementasikan strategi turnaround yang tepat dengan tujuan untuk mencapai recovery atau keberhasilan turnaround (Lestari & Triani, 2018). Oleh karena itu diperlukan sebuah model prediksi financial distress untuk menganalisis suatu perusahaan agar terhindar dari kebangkrutan (Prasetianingtias & Kusumowati, 2019).…”
Section: Pendahuluanunclassified
“…Turnaround merupakan proses pengembalian kinerja perusahaan yang awalnya menurun atau mengalami financial distress kembali menjadi normal atau lebih baik. Dalam prosesnya perusahaan perlu memiliki strategi yang efektif untuk mencapai pemulihan atau keberhasilan turnaround (Lestari & Triani, 2018). Terdapat 4 dimensi yang membahas tentang tindakan apa yang dapat mempengaruhi keberhasilann corporate turnaround, yaitu Operational, Managerial, Portofolio, dan Financial.…”
Section: Corporate Turnaround Strategyunclassified
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“…A successful turn-around is a complex process involving a combination of environmental factors, internal resources, relevant company strategies at different stages of performance degradation, resulting in improved financial performance. The company requires an effective strategy to achieve recovery or success of turn-around (Lestari and Triani, 2013). The focus of this company's strategy is to minimize the company's internal problems so as to seize more market opportunities (Sari, 2017).…”
Section: External Factor Evaluation (Efe) Analysismentioning
confidence: 99%