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All Journal Inovator : Jurnal Manajemen Jurnal Harmoni: Jurnal Akuntansi dan Keuangan Jurnal KREATIF (Jurnal Riset Ekonomi & Bisnis Inovatif)
Khaerunnisa, Indar
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Social Sciences

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Grover Method Analysis On Financial Distress In IDX Insurance Companies With Loss Fitriani, Annisa; Khaerunnisa, Indar
INOVATOR Vol 14 No 2 (2025): SEPTEMBER
Publisher : prodima@fe.uika-bogor.ac.id

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/inovator.v14i2.21226

Abstract

Insurance hold a crucial role in protecting against unexpected financial risks, but insurance faces profitability challenges that could potentially trigger financial distress. This study aims to analyze financial distress using the Grover method and to determine the influence of the Grover method's financial ratios are Working Capital to Total Assets (WCTTA), Earnings Before Interest and Tax to Total Assets (EBITTA), and Return on Assets (ROA) on financial distress. This study uses a descriptive quantitative method to analyze 9 insurance companies listed on IDX that experienced losses and drastic profit declines during 2018-2023. Secondary data were processed using Excel and SPSS 20 with the data analysis technique is Grover's method, descriptive statistical tests, classical assumption tests, multiple linear regression, and hypothesis test. The results show that average G-Score of ABDA, ASJT, LPGI, AHAP, ASBI, ASMI, BHAT, MREI, VINS falls within the safe zone, but BHAT is indicated potencial bankrupt on 2022-2023.The variables WCTTA and EBITTA have a significant positive effect on financial ditress, while ROA has a significant negative effect on financial distress. Further research is recommended to expand the sample, variables, and study period for more comprehensive results.
Pengaruh Capital Intensity, Sales Growth, Dan Leverage Dalam Memprediksi Terjadinya Financial Distress Menggunakan Metode Altman Z-Score Pada Perusahaan Tobacco. Haryanto, Clarissa; Khaerunnisa, Indar
Jurnal KREATIF (Kajian Riset Ekonomi & Bisnis Inovatif) Vol 1 No 1 (2025): Juni 2025
Publisher : Lembaga Penelitian, Pengembangan, dan Pengabdian Kepada Masyarakat (LP3M) – Universitas Binaniaga Indonesia (UNBIN)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33062/jkf.v1i1.3

Abstract

Perusahaan sub sektor rokok merupakan salah satu perusahaan manufaktur yang mengolah bahan baku menjadi barang setengah jadi atau barang jadi. Kenaikan tarif cukai rokok, masalah kesehatan yang sering dialami perokok dan peralihan rokok biasa ke rokok elektrik membuat perusahaan sub sektor rokok terancam mengalami financial distress. Penelitian ini bertujuan untuk menguji pengaruh capital intensity, sales growth dan leverage yang diproksikan oleh debt to asset ratio (DAR) terhadap financial distress yang dirumuskan dengan menggunakan metode Altman Z-Score pada perusahaan sub sektor tobacco yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2019-2023. Metode di dalam penelitian ini yaitu metode kuantitatif dengan data sekunder. Teknik pengambilan sampel yang digunakan dalam penelitian ini adalah purposive sampling yang menghasilkan 5 sampel perusahaan dengan 5 tahun penelitian. Metode analisis yang digunakan adalah regresi linier berganda dan diolah dengan menggunakan SPSS 23. Hasil penelitian ini menunjukkan bahwa capital intensity berpengaruh negatif dan signifikan terhadap financial distress, sales growth berpengaruh positif signifikan terhadap financial distress dan leverage berpengaruh negatif dan signifikan terhadap financial distress. Dengan saran, sebaiknya perusahaan menjaga efisiensi dalam peningkatan efisiensi aset tetap, menjaga fleksibilitas penggunaan, mengelola pertumbuhan perusahaan, mempertahankan profitabilitas, mengoptimalkan pengelolaan arus kas dan melakukan diversifikasi produk. Serta, mengoptimalisasi struktur modal.
Pengaruh Pengungkapan Sustainability Report terhadapKinerja Keuangan pada Perusahaan Pertambangan Destryana, Ajeng; Khaerunnisa, Indar
Jurnal KREATIF (Kajian Riset Ekonomi & Bisnis Inovatif) Vol 1 No 2 (2025): September 2025
Publisher : Lembaga Penelitian, Pengembangan, dan Pengabdian Kepada Masyarakat (LP3M) – Universitas Binaniaga Indonesia (UNBIN)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33062/jkf.v1i2.24

Abstract

Penelitian ini dilakukan dengan tujuan untuk menganalisis pengaruh pengungkapan sustainability report dalam aspek ekonomi, lingkungan dan sosial terhadap kinerja keuangan dengan menggunakan Return on Asset (ROA). Objek dalam penelitian ini yaitu perusahan pertambangan. Populasi dalam penelitian ini berjumlah 65 perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia dan membuat sustainability report dengan GRI standars selama periode 2017-2023. Jumlah sampel dalam penelitian ini yaitu sebanyak 11 perusahaan dengan kurun waktu 7 tahun pengamatan, sehingga diperoleh 77 sampel penelitian. Metode pengambilan data yaitu dengan menggunakan metode dokumentasi. Teknik analisis data yang digunakan yaitu dengan menggunakan analisis regresi linear berganda. Hasil penelitian ini menunjukkan bahwa pengungkapan sustainability repot aspek ekonomi, aspek lingkungan, dan aspek sosial secara parsial berpengaruh positif dan signifikan terhadap kinerja keuangan dan secara simultan menunjukkan bahwa pengungkapan sustainability repot aspek ekonomi, aspek lingkungan, dan aspek sosial berpengaruh signifikan terhadap kinerja keuangan perusahaan.
The Effect of QR, ITO and TATO On NPM Tobacco Companies Nurhaliza, Alya; Khaerunnisa, Indar
Jurnal Mahasiswa Akuntansi dan Bisnis (JMAB) Vol 4 No 2 (2025): DESEMBER
Publisher : Program Studi Akuntansi Universitas Ibn Khaldun Bogor

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Abstract

The study aims to determine and prove the effect of Quick Ratio, Inventory Turnover and Total Asset Turnover on Net Profit Margin tobacco subsector companies on Indonesia Stock Exchange period 2015-2024. The research method used is quantitative. Data analysis using multiple linear regression techniques using 20 spss application. The results of the test t Quick Ratio test obtained sig. 0.552 > 0.05 and tcount < ttable 0.603 < 2.056 means Ho1 is accepted and Ha1 is rejected, Inventory turnover obtained sig 0.062 > 0.05 and tcount < ttable -1,950 < 2.056 means Ho2 is rejected Ha2 is rejected, Total Asset Turnover obtained sig 0.002 < 0.05 and tcount > ttable 3.374 > 2.056 means Ho3 is rejected and Ha3 is accepted. the results of the F test obtained sig. 0.000 < 0.05 and tcount > ttabel 8,506 > 2,975 which means that Ho4 is rejected and Ha4 is accepted. It can be concluded that partially Quick Ratio and Inventory Turnover have no significant effect on Net Profit margin while Total Asset Turnover variable has significant effect on Net Profit Margin. Simultaneously Quick Ratio, Inventory Turnover and Total Asset Turnover have a significant effect on Net Profit Margin.
Green Accounting Affects Stock Prices And Financial Performance Of Sri Kehati Index Fitriana, Corinna; Khaerunnisa, Indar
Jurnal Mahasiswa Akuntansi dan Bisnis (JMAB) Vol 4 No 2 (2025): DESEMBER
Publisher : Program Studi Akuntansi Universitas Ibn Khaldun Bogor

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Abstract

This study investigates the effect of green accounting on stock prices and financial performance in companies listed on the SRI-KEHATI Index from 2019 to 2023. Using a quantitative approach, the research analyzes secondary data from annual and sustainability reports of 14 selected companies, totaling 70 observations. Green accounting is measured by the ratio of environmental costs to net profit after tax, while stock price is represented by stock returns and financial performance by return on assets (ROA). The analysis includes classical assumption testing and simple linear regression. The results show that green accounting has a negative but insignificant effect on stock returns and a positive but also insignificant effect on ROA. This indicates that, during the observed period, green accounting practices did not significantly influence stock performance or financial outcomes in SRI-KEHATI listed firms. These findings imply that the market and company stakeholders may not yet fully integrate environmental accounting practices into their evaluation of company value and performance. Keywords : Green Accounting; Stock Return; Financial Performance; ROA; SRI-KEHATI.
Co-Authors Annisa Fitriani, Annisa Destryana, Ajeng Fitriana, Corinna Haryanto, Clarissa Nurhaliza, Alya