The Determinant of Financial Distress on Indonesian Family Firm

Kristanti, Farida Titik; Rahayu, Sri; Huda, Akhmad Nurul

doi:10.1016/j.sbspro.2016.05.018

Cited by 75 publications

(144 citation statements)

References 21 publications

Supporting

Mentioning

104

Contrasting

Unclassified

Order By: Relevance

“…Ketidakmampuan perusahaan dalam memenuhi hutangnya pada kreditur saat jatuhh tempo dapat menyebabkan financial distress (Sari dan Putri, 2016). Hal ini sejalan dengan penelitian yang dilakukan oleh Kristanti et al, (2016) Rasio pertumbuhan adalah rasio yang menggambarkan kemampuan perusahaan dalam mempertahankan posisi ekonominya di tengah pertumbuhan perekonomian dan sektor usahanya (Kasmir, 2012: 115). Rasio pertumbuhan dalam penelitian ini diukur dengan pertumbuhan penjualan.…”

Section: Pendahuluanunclassified

Pengaruh Rasio Keuangan Pada Financial Distress Perusahaan Ritel Yang Terdaftar di Bursa Efek Indonesia (BEI)

Agustini

Wirawati

2019

E-Jurnal Akuntansi

View full text Add to dashboard Cite

ABSTRAKPenelitian ini bertujuan untuk memperoleh bukti empiris mengenai pengaruh rasio keuangan yakni rasio likuiditas, leverage, profitabilitas, aktivitas, dan pertumbuhan pada financial distress perusahaan ritel yang terdaftar di Bursa Efek Indonesia (BEI). Penelitian dilakukan selama periode 2013-2017 dengan jumlah sampel sebanyak 75 pengamatan yang dipilih dengan metode non probability sampling yaitu purposive sampling. Teknik analisis data yang digunakan adalah analisis regresi logistik. Hasil penelitian membuktikan bahwa rasio leverage berpengaruh positif pada financial distress. Rasio profitabilitas dan rasio aktivitas berpengaruh negatif pada financial distress. Rasio likuiditas dan rasio pertumbuhan tidak berpengaruh pada financial distress. Kata Kunci: rasio keuangan, financial distress, interest coverage ratio ABSTRACT This study aims to obtain empirical evidence regarding the effect of financial ratios, namely liquidity ratios, leverage, profitability, activity, and growth on retail financial distress companies listed on the Indonesia Stock Exchange (IDX). The study was conducted during the period 2013-2017 with a total sample of 75 observations selected by non-probability sampling method, namely purposive sampling. The data analysis technique used is logistic regression analysis. The results of the study prove that leverage ratios have a positive effect on financial distress. Profitability ratios and activity ratios have a negative effect on financial distress. The liquidity ratio and growth ratio have no effect on financial distress.

show abstract

Section: Pendahuluanunclassified

Pengaruh Rasio Keuangan Pada Financial Distress Perusahaan Ritel Yang Terdaftar di Bursa Efek Indonesia (BEI)

Agustini

Wirawati

2019

E-Jurnal Akuntansi

View full text Add to dashboard Cite

show abstract

“…Board independence, measured as a percentage of outside directors, can represent another important factor for effective board monitoring (Wang et al ., 2007). Previous research (Kristanti, et al ., 2016;Manzaneque, et al ., 2016;Ombaba & Kosgei, 2017) also provided results where companies that had a large number of independent boards would increase the company's operational control, so as to prevent financial distress situations. H 2 : The proportion of independent boards has a positive influence on company efficiency.…”

Section: Fransiska Novina Hayu Indrianti 1 Sutrisno Tmentioning

confidence: 88%

“…Having an independent board reduces information asymmetry and agency costs between shareholders and management. An increase in operational supervision that avoids insider influence makes the company more efficient (Kristanti et al, 2016;Manzaneque et al ., 2016;Ombaba and Kosgei, 2017;Wang et al ., 2007).…”

Section: Fransiska Novina Hayu Indrianti 1 Sutrisno Tmentioning

confidence: 99%

“…Gender diversity in corporate governance can reduce conflict and make companies more sustainable and more risk averse (Adams and Funk, 2010). Kristanti et al (2016) proves that a board that has a high position must have a quality that is measured by its educational background. Each board member must have sufficient skills and expertise, thereby increasing hiso versight role (Ombaba & Kosgei, 2017).…”

Section: Fransiska Novina Hayu Indrianti 1 Sutrisno Tmentioning

confidence: 99%

“…Gender diversity has a positive impact on financial performance, which proves that the increasing number of women's councils can improve company performance. (García-Meca, et al, 2015;Khan et al ., 2017;Kristanti, et al ., 2016;Nielsen & Huse, 2010). H 3 : Board gender diversity has a positive effect on company efficiency.…”

Section: Fransiska Novina Hayu Indrianti 1 Sutrisno Tmentioning

confidence: 99%

See 2 more Smart Citations

Effect of Governance on the Efficiency of the Indonesian Banking Industry

Indrianti

Sutrisno

Saraswati

2020

Jurnal Ilmiah Akuntansi dan Bisnis

View full text Add to dashboard Cite

This study aims to examine observations and determine the effects of corporate governance on the efficiency of the Indonesian banking sector. The research calculated DEA efficiency and performed logistic regression, with a total sample of 150 observations. Results show that independent commissioners, the educational level of commissioners, the board of commissioners meeting, and the term of office of the commissioners all have a significant impact on improving the efficiency of the banking industry. Conversely, the large number of commissioners as well as the gender differences among them do not have any effect on banking efficiency. These findings indicate that authorities should not focus on the size of the board and the gender differences among the board commissioners in finding ways to increase or decrease a firm’s efficiency. The results of this study can contribute to academic research through agency theory and resource dependence theory as well as provide insights that can be used by practitioners. Keywords: Governance; banking efficiency; DEA

show abstract

Corporate governance and financial distress: A review of the theoretical and empirical literature

2022

View full text Add to dashboard Cite

This study comprehensively reviews the theoretical and empirical literature on the relationship between corporate governance and financial distress and provides future research directions. We follow several different approaches by identifying, reviewing, and classifying related articles during the period 1985 to 2021. We used a set of keywords that included a combination of different terms of corporate governance and financial distress. Our review indicates that the majority of the studies based their arguments considering a single theory. The generalizability of different results in less explored countries is a serious concern and the one‐size‐fits‐all approach does not apply to the corporate governance‐financial distress relationship. Several different theories and confounding factors need consideration when examining the relationship between corporate governance and financial distress. Our review highlights future avenues by suggesting that studies should consider different governance attributes and test those factors in different and diverse contexts. Our review of the literature provides implications for academics and practitioners.

show abstract

The Determinant of Financial Distress on Indonesian Family Firm

Cited by 75 publications

References 21 publications

Pengaruh Rasio Keuangan Pada Financial Distress Perusahaan Ritel Yang Terdaftar di Bursa Efek Indonesia (BEI)

Pengaruh Rasio Keuangan Pada Financial Distress Perusahaan Ritel Yang Terdaftar di Bursa Efek Indonesia (BEI)

Effect of Governance on the Efficiency of the Indonesian Banking Industry

Corporate governance and financial distress: A review of the theoretical and empirical literature

Contact Info

Product

Resources

About