Predicting financial distress: Importance of accounting and firm-specific market variables for Pakistan’s listed firms

Waqas, Hamid; Md-Rus, Rohani

doi:10.1080/23322039.2018.1545739

Cited by 55 publications

(64 citation statements)

References 52 publications

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“…Jumlah laba yang tinggi akan menunjukkan bahwa perusahaan tidak akan terkena kondisi financial distress . Hasil penelitian Fredrick (2019); Sudaryanti & Dinar (2019) dan Waqas & Md-Rus (2018) menyatakan bahwa rasio profitabilitas berpengaruh terhadap financial distress sedangkan penilitian dari (Syuhada, Muda and Rujiman, 2020) menyatakan hasil yang berbeda yang menunjukkan bahwa rasio proofitabilitas tidak berpengrauh terhadap financial distress. Semakin besar rasio leverage maka semakin besar pula kewajiban yang dimiliki perusahaan dan besarnya kewajiban tersebut, dengan rasio ini kreditur dapat menimbang seberapa besar resiko kewajiban yang sudah diberikan kepada suatu perusahaan.Agustini &Wirawati (2019) menyatakan bahwa leverage berpengaruh terhadap financial distress sedangkan Pertiwi 2018 Industri food and beverage saat ini sedang menghadapi tantangan sekaligus menghadapi tekanan ditengah globalisasi perdagangan bebas.…”

Section: Pendahuluanunclassified

Pengaruh Rasio Keuangan Terhadap Financial Distress pada Industri Food And Beverage di Bursa Efek Indonesia Periode 2017-2019

2021

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This study aims to determine the effect of profitability, leverage, liquidity, and cash flow on financial distress. This study uses a logistic regression data analysis method with the help of the SPSS version 21 program. The population in this study were 19 food and beverage companies on the Indonesia Stock Exchange (BEI) from 2017-2019. The data used in this study is secondary data obtained from financial reports published by the company from the website (www.idx.co.id). The sample was determined by the purposive sampling method, which is based on the criteria set and obtained as many as 19 companies where the research was conducted for 3 years so that 57 samples were obtained consisting of 15 companies that experienced financial distress and 42 companies that were non-distressing. The results of this research indicate that profitability, leverage and liquidity have no effect on financial distress while cash flow variables have an effect on financial distress. The results of this research are expected to be additional consideration in making company decisions in managing the company in order to avoid financial distress. And can be additional information for users of financial statements for consideration of investment decisions

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Section: Pendahuluanunclassified

Pengaruh Rasio Keuangan Terhadap Financial Distress pada Industri Food And Beverage di Bursa Efek Indonesia Periode 2017-2019

2021

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“…The size of the company can be seen from the total assets owned by the company [12]. The size of the company is the number and type of production capacity and capabilities of the company or the number and type of services that can be provided by the company simultaneously to its customers [12]. Company size can be measured by the formula:…”

Section: Definition Of Company Size (Size Firm)mentioning

confidence: 99%

Identification of Financial Distress With Company Size As A Moderating Variables in Southeast Asia Property and Real Estate Industry

Sunaryo

2021

International Journal of Science, Technology & Management

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This study aims to identify Financial Distress with Firm Size as a moderating variable in the property and real estate industry in Southeast Asia for the period 2012-2019. In identifying financial distress, the dimensions of Net Profit Magin, Current Ratio, and Debt To Asset Ratio are used. The sample used in this research is the company's complete financial statements from the 2014–2019 research year of 35 companies obtained by using purposive sampling technique. The data collection technique uses the documentation method, while the data analysis technique uses multiple linear regression analysis which is supported by the classical assumption test, namely the normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test and model test moderation. The results showed that partially the Net Profit Margin, Current Ratio, Debt to Asset Ratio variables partially had a significant effect on Financial Distress, and Net Profit Margin, Current Ratio and Debt to Asset Ratio simultaneously had a significant effect on Financial Distress in the Property and Real Industry. Southeast Asia estate, whereas for the moderation model Firm size does not moderate Net Profit Margin, Current Ratio, Debt to Asset Ratio to Financial Distress. The value of R Square is 53.4%, indicating that the Financial Distress variable is influenced by all NPM, CR and DAR variables, the remaining 46.6% is influenced by other variables outside of this study including changes in exchange rates, differences in inflation, differences in interest rates, independence of the central bank. , economic growth, expectations, and so on. Recommendations for further research are to replace the moderating variables with other dimensions or indicators.

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“…Profitability is capital expenditures are forecasted based on the investment opportunities and the economic condition of the firm at the time of the forecast [4]. These resources can be in the form of sales activities, total assets, and own capital.In predicting financial distress, the firms with high ptofitability face fewer chances of financial distress [13].…”

Section: H Profitabilitymentioning

confidence: 99%

The Influence of Cash Flow, Leverage and Profitability on Investment Decisions in Financial Distress Companies (All Companies Listed on Indonesia Stock Exchange of 2017-2019)

Putri¹,

Puryandani²

2020

Proceedings of the 3rd International Conference on Banking, Accounting, Management and Economics (ICOBAME 2020)

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This study aims to analyze the effect of cash flow, leverage, and profitability on investment decisions in companies experiencing financial distress. The independent variable (X) of this study is cash flow, leverage, and research profitability. The investment decision is the dependent variable (Y). The sampling method used in this study is the Altman Z "-Score method and purposive sampling. The study population came from all companies listed on the Indonesia Stock Exchange (IDX) during the 2017-2019 period, obtained 699 companies. The data analysis technique used descriptive statistical analysis; classical assumption test: normality test, multicollinearity test, heteroscedasticity test, autocorrelation test; multiple linear regression analysis; Hypothesis testing: Ttest,-F test, the test of the coefficient of determination. The results of this study are cash flow and leverage do not affect the investment decisions of companies experiencing financial distress. Profitability has a positive effect on the investment decisions of companies experiencing financial distress.

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Predicting financial distress: Importance of accounting and firm-specific market variables for Pakistan’s listed firms

Cited by 55 publications

References 52 publications

Pengaruh Rasio Keuangan Terhadap Financial Distress pada Industri Food And Beverage di Bursa Efek Indonesia Periode 2017-2019

Pengaruh Rasio Keuangan Terhadap Financial Distress pada Industri Food And Beverage di Bursa Efek Indonesia Periode 2017-2019

Identification of Financial Distress With Company Size As A Moderating Variables in Southeast Asia Property and Real Estate Industry

The Influence of Cash Flow, Leverage and Profitability on Investment Decisions in Financial Distress Companies (All Companies Listed on Indonesia Stock Exchange of 2017-2019)

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