Article Per Year (5 Year)
p-Index From 2021 - 2026
0.562
P-Index
This Author published in this journals
All Journal JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi) Jurnal Investasi Islam Jurnal Ekonomi, Manajemen, Akuntansi
Reza Pahlevi
Universitas Tanjungpura
Computer Science & IT Economics, Econometrics & Finance Social Sciences

Published : 3 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 3 Documents
Search

 1 
Financial Distress as an Investment Risk Signal: The Role of Profitability, Leverage, and Sales Growth in Textile and Garment Companies on the Indonesia Stock Exchange Nadia; Reza Pahlevi; Vitriyan Espa
Jurnal Investasi Islam Vol. 11 No. 2 (2026): Jurnal Investasi Islam (JII)
Publisher : FEBI IAIN Langsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32505/jii.v11i2.15635

Abstract

This study aims to examine the effects of profitability, leverage, and sales growth on financial distress among textile and garment companies listed on the Indonesia Stock Exchange during the 2021–2024 period. Although financial distress has been extensively investigated, previous studies have produced inconsistent findings, particularly within the textile and garment industry, which has experienced post-pandemic pressures, rising raw material costs, and increasing competition from imported products. This inconsistency represents the research gap addressed by the present study. A quantitative approach was employed using secondary data obtained from the annual financial statements of 15 companies, resulting in 60 firm-year observations. Logistic regression was used because the dependent variable is dichotomous, distinguishing between financially distressed and non-distressed firms. The findings reveal that profitability (Sig. = 0.119), leverage (Sig. = 0.426), and sales growth (Sig. = 0.568) do not significantly influence financial distress individually. Furthermore, the Omnibus Test indicates that these variables do not simultaneously affect financial distress (Sig. = 0.144). The Nagelkerke R Square value of 0.126 indicates that the model explains only 12.6% of the variation in financial distress, while the remaining 87.4% is explained by other factors outside the model. The novelty of this study lies in applying the Zmijewski model to Indonesia's textile and garment industry during the post-pandemic recovery period by integrating profitability, leverage, and sales growth into a single prediction model. This study contributes to the financial distress literature and provides practical implications for managers, investors, creditors, and regulators in improving early detection and assessment of financial distress risk.
Analisis Pengaruh Biological Asset Intensity, Growth, Dan Leverage Terhadap Pengungkapan Aset Biologis Perusahaan Sektor Agrikultur Bibiana Delta; Reza Pahlevi; Elok Heniwati
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 5: Juli 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i5.18794

Abstract

Penelitian ini bertujuan menganalisis pengaruh Biological Asset Intensity, Growth, dan Leverage terhadap pengungkapan aset biologis pada perusahaan sektor agrikultur yang terdaftar di Bursa Efek Indonesia pada periode 2022–2024. Landasan teoritis yang digunakan adalah agency theory dan signalling theory. Penelitian bersifat kuantitatif dengan data sekunder berupa laporan keuangan tahunan yang diperoleh dari BEI. Sampel berjumlah 71 perusahaan agrikultur yang dipilih melalui metode purposive sampling. Variabel dependen diukur menggunakan indeks pengungkapan berdasarkan 35 item PSAK 69, sedangkan variabel independen diukur menggunakan rasio BAI, pertumbuhan total aset, dan Debt to Asset Ratio. Analisis data menggunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa: (1) Biological Asset Intensity tidak berpengaruh signifikan terhadap pengungkapan aset biologis; (2) Growth berpengaruh signifikan terhadap pengungkapan aset biologis; dan (3) Leverage tidak berpengaruh signifikan terhadap pengungkapan aset biologis. Temuan ini mengindikasikan bahwa keputusan pengungkapan aset biologis lebih dipengaruhi oleh mekanisme pertumbuhan aset perusahaan dibandingkan dengan proporsi aset biologis maupun tingkat utang.
Uncovering the Determinants of Firm Value: The Moderating Role of Business Risk on Growth, Leverage, and Profitability Sevi Indra Dewi; Reza Pahlevi; Gita Desyana
JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi) Vol. 10 No. 2 (2026): August
Publisher : Program Studi Akuntansi Universitas Langlangbuana Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/jasa.v10i2.3058

Abstract

This research seeks to analyse the influence of company growth, leverage and profitability affect company value, using business risk as a moderating variable, in industrial sector companies listed on the Indonesia Stock Exchange from 2020 and 2024. The research employed a quantitative method untilizing an associative approach and a purposive sampling technique to obtain 85 data observations. The research data are secondary data analysed using panel data regression with a Random Effect Model and Moderated Regression Analysis approach via the EViews 12 application. The study also used log transformation to address issues with the classical assumptions. The novelty of this study lies in the use of business risk as a moderating variable and the application of panel data regression to companies in the industrial sector. The results of the study show that company growth and profitability have a positive but insignificant effect on company value, while leverage has a negative but insignificant effect on company value. Business risk was unable to moderate the influence of company growth on company value, but was able to strengthen the influence of leverage and weaken the influence of profitability on company value. Further research is recommended to add variables, extend the observation period, and use different company sectors to achieve better results.
Co-Authors Bibiana Delta Elok Heniwati Gita Desyana Nadia Sevi Indra Dewi Vitriyan Espa