Financial Distress Phenomenon of Non-financial Companies in Indonesia

Utami, Devi Wahyu; Giovanni, Axel

doi:10.22515/relevance.v3i2.2956

Cited by 3 publications

(3 citation statements)

References 34 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Ghasemzadeh et al (2021) found that EV significantly and negatively impact capital structure. Utami et al (2020) found a significant negative correlation between capital structure and EV in the utility, transportation, and infrastructure industries, but they are significantly and positively correlated in the mining sector. Lee and Manual (2019) revealed an opposite and strong relationship between FL and EV, external equity, and asset tangibility.…”

Section: Financial Distress and Capital Structurementioning

confidence: 89%

“…The study results suggest that PFTY and AS considerably and positively impact capital structure (Mujiatun et al, 2021). AS is inversely correlated with capital structure in the mining, food, and beverages industries; however, it shows a direct relationship in the agriculture sector (Utami et al, 2020). AS negatively affects the company's FL (Yunusa & Prasetyob, 2020).…”

Section: Asset Structure and Capital Structurementioning

confidence: 99%

See 1 more Smart Citation

Unveiling the Changing Capital Structure Dynamics in the Oil and Gas Industry: Evidence from Pakistan

Ch Ahtesham ul Haq Dhariwal,

Dr. Muhammad Tahir,

Ullah

2024

IJMRES

View full text Add to dashboard Cite

Firm-specific considerations impact decisions about capital structure. A few investigations have been done in Pakistan's oil and gas sector. Most studies have examined the effect on non-financial firms and the textile industry. As this sector is very attractive for investors, The influences on capital structure decisions must be considered. In this study, only firm-specific factors are considered for analysis. The effect of asset structure, financial distress (earning volatility), non-debt tax shield, liquidity, firm size, profitability, and firm growth on capital structure decisions are examined. For this, data ranging from 2007 – 2021 of the firms working in Oil and Gas sector of Pakistan was used. The pool regression approach was applied. As per the results, tangibility and liquidity have an inverse relationship; non-debt tax shields and firm size directly affect profitability, and growth does not impact the capital structure.

show abstract

Section: Financial Distress and Capital Structurementioning

confidence: 89%

Section: Asset Structure and Capital Structurementioning

confidence: 99%

Unveiling the Changing Capital Structure Dynamics in the Oil and Gas Industry: Evidence from Pakistan

Ch Ahtesham ul Haq Dhariwal,

Dr. Muhammad Tahir,

Ullah

2024

IJMRES

View full text Add to dashboard Cite

show abstract

“…Financial distress may be explicated as a state in which a commercial enterprise confronts challenges in fulfilling its monetary responsibilities, culminating in a reduction in the firm's worth and ultimately resulting in insolvency. As a consequence, the company is compelled to exit the market (Utami et al, 2020). In times of distress, such as the COVID-19 pandemic, enterprises with insufficient earnings and constrained monetary reserves must take diverse variables into consideration in order to endure.…”

Section: Introductionmentioning

confidence: 99%

Pre- and Post-Covid Analysis of Earnings Management and Financial Distress Among Nairobi Securities Exchange-Listed Firms

Kamau,

Murori

2024

SSMJ

View full text Add to dashboard Cite

Earnings management and financial distress are two important aspects of financial management in corporations that have attracted significant attention in academic research and practical applications. The main objective of this study is to comprehensively evaluate the impact of financial distress on earnings management practices in companies listed on the National Stock Exchange (NSE), both before and after the COVID-19 pandemic. Using multiple linear regression analysis, the research aims to investigate the causal relationship between earnings management and financial distress. By analyzing data from 37 publicly listed companies before and after COVID-19, the study aims to understand how financial distress affects earnings management, while considering control variables such as firm size, Gross Domestic Product (GDP), and inflation rates. The findings from the analysis before COVID-19 show a significant and positive correlation between financial strain and earnings management in companies. In contrast, the analysis during the post-COVID era indicates that the correlation between financial distress and earnings management is not statistically significant. However, the research findings highlight the significant role of firm size, which has a negative influence on earnings management. Specifically, smaller companies are more likely to engage in earnings management activities during the post-COVID period compared to larger corporations, as revealed by the results of this meticulous study.

show abstract

Performance Variability of State Owned Enterprises in Financial Sector and Financial Technology Companies During the Covid-19 Pandemic

Giovanni

Utami

Jauzaa

et al. 2021

BAKI

Self Cite

View full text Add to dashboard Cite

This study aims to provide empirical evidence related with financialsector performance and the development of fintech lending inIndonesia during the Covid-19 pandemic. The sample consisted of4 State-Owned Enterprises (BUMN) in the financial sector and 149financial technology (fintech) companies registered in the FinancialServices Authority (OJK). This research used descriptive statistics.The results show that during the Covid-19 pandemic, theperformance of State-Owned Enterprises (SOEs) in the financialsector and financial technology companies (fintech) has increased.However, the increase in the performance of State-OwnedEnterprises (SOEs) in the financial sector and financial technology(fintech) companies during pandemic was still below theperformance increase before the Covid-19 pandemic in Indonesia.

show abstract

Financial Distress Phenomenon of Non-financial Companies in Indonesia

Cited by 3 publications

References 34 publications

Unveiling the Changing Capital Structure Dynamics in the Oil and Gas Industry: Evidence from Pakistan

Unveiling the Changing Capital Structure Dynamics in the Oil and Gas Industry: Evidence from Pakistan

Pre- and Post-Covid Analysis of Earnings Management and Financial Distress Among Nairobi Securities Exchange-Listed Firms

Performance Variability of State Owned Enterprises in Financial Sector and Financial Technology Companies During the Covid-19 Pandemic

Contact Info

Product

Resources

About