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THE ANALYSIS OF FUNDAMENTAL VARIABLES AND MACRO ECONOMIC VARIABLES IN PREDICTING FINANCIAL DISTRESS Kholisoh, Siti Nur; Dwiarti, Rina
Management Analysis Journal Vol 9 No 1 (2020): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v9i1.36395

Abstract

Financial distress is a condition where the company is experiencing financial difficulties prior to bankruptcy. This study aims to identify and explain the influence of the fundamental variables and macroeconomic variables in predicting the probability of financial distress. Based on the eight variables used, current ratio, debt to assets ratio, return on equity and total asset turnover ratio is a fundamental variable. While the sensitivity of inflation, exchange rate sensitivity and interest rate sensitivity included in macroeconomic variables. The population in this study are all porperti and real estate company listed on the Stock Exchange in 2014-2018. The sample selection using purposive sampling technique, acquired 23 companies in the sample with the five companies in the category of financial distress and 18 companies in the category of non financial distress. The analytical method used is logistic regression and sensitivity analysis. The results showed that the variable current ratio, debt to assets ratio, total asset turnover ratio, inflation sesnitivity, exchange rate sensitivity and interest rate sensitivity did not significantly affect the probability of financial distress. While return on equity significantly negative influence on the company?s financial distress.
The Analysis of Fundamental Variables and Macro Economic Variables in Predicting Financial Distress Kholisoh, Siti Nur; Dwiarti, Rina
Management Analysis Journal Vol 9 No 1 (2020): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v9i1.36395

Abstract

Financial distress is a condition where the company is experiencing financial difficulties prior to bankruptcy. This study aims to identify and explain the influence of the fundamental variables and macroeconomic variables in predicting the probability of financial distress. Based on the eight variables used, current ratio, debt to assets ratio, return on equity and total asset turnover ratio is a fundamental variable. While the sensitivity of inflation, exchange rate sensitivity and interest rate sensitivity included in macroeconomic variables. The population in this study are all porperti and real estate company listed on the Stock Exchange in 2014-2018. The sample selection using purposive sampling technique, acquired 23 companies in the sample with the five companies in the category of financial distress and 18 companies in the category of non financial distress. The analytical method used is logistic regression and sensitivity analysis. The results showed that the variable current ratio, debt to assets ratio, total asset turnover ratio, inflation sesnitivity, exchange rate sensitivity and interest rate sensitivity did not significantly affect the probability of financial distress. While return on equity significantly negative influence on the company’s financial distress.
The Application of Encaustic Technique in the Creation of LIMBOSIS Figurative Sculpture Artworks Kholisoh, Siti Nur; Supriatna, Supriatna; Racmadi, Gustiyan
Ekspresi Seni : Jurnal Ilmu Pengetahuan dan Karya Seni Vol 26, No 2 (2024): Ekspresi Seni : Jurnal Ilmu Pengetahuan dan Karya Seni
Publisher : LPPM Institut Seni Indonesia Padangpanjang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26887/ekspresi.v26i2.4814

Abstract

This study explores the use of the encaustic technique in creating sculpture art themed around the quarter-life crisis. The encaustic technique, which involves the application of hot wax on figures made of wire and polyurethane, was chosen for its flexibility and ability to create rich textures and visual dimensions. This research aims to investigate how the encaustic technique can capture and convey the emotional and psychological complexities experienced by individuals in the age range of 20–30 years, often referred to as the quarter-life crisis phase. The artwork titled LIMBOSIS was created using the encaustic technique through an experimental approach involving wax, polyurethane, wire, and digital elements. The results demonstrate that the encaustic technique is effective in expressing complex emotional nuances and provides aesthetic depth to art installations. Traditionally used in painting, this technique has been successfully adapted to contemporary sculpture. These findings make a significant contribution to the development of contemporary art, particularly in the context of creating works that explore psychological and social issues
Implementasi Nilai-Nilai Keislaman dalam Pengelolaan Taman Tematik Sebagai Media Edukasi Karakter dan Kesadaran Lingkungan Arifah, Tsaniyatul Nur; Kholisoh, Siti Nur; Anbiya, Bakti Fatwa
Community : Jurnal Pengabdian Pada Masyarakat Vol. 5 No. 2 (2025): Juli | COMMUNITY - Jurnal Pengabdian Pada Masyarakat
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi - Studi Ekonomi Modern

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51903/3fk48z42

Abstract

Service learning merupakan metode pembelajaran yang memadukan aktivitas akademik dengan pengabdian nyata kepada masyarakat. Kegiatan ini bertujuan menjawab tantangan dalam pendidikan karakter dan kepedulian lingkungan pada siswa sekolah dasar. Program ini dilaksanakan di SDN Pendrikan Kidul yang berfokus pada pengelolaan taman tematik bernilai Islami sebagai sarana pembelajaran karakter dan lingkungan. Kegiatan dilakukan melalui tahapan perencanaan, pelaksanaan, dan evaluasi, melibatkan mahasiswa dan siswa dalam menanam, merawat, serta menghias tanaman obat. Hasil menunjukkan peningkatan pengetahuan siswa tentang tanaman obat, tumbuhnya kepedulian lingkungan, dan penguatan nilai Islami seperti amanah, syukur, ukhuwah, serta tanggung jawab. Evaluasi angket menunjukkan respon sangat baik dengan skor 92,39%. Hasil wawancara dari pihak sekolah sangat mendukung temuan ini, menegaskan manfaat program bagi karakter siswa dan taman sekolah. Program service learning berbasis Islami ini terbukti efektif sebagai strategi untuk membentuk generasi religius, peduli lingkungan, dan bertanggung jawab. Kegiatan serupa perlu dikembangkan melalui kolaborasi berkelanjutan antara sekolah dan pihak luar.