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Analysis of Factors Effecting on The Probability of Financial Distress Prasetyo, Rifki Adhi; Fachrurrozie, Fachrurrozie
Accounting Analysis Journal Vol 5 No 4 (2016): November 2016
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/aaj.v5i4.12668

Abstract

Penelitian ini bertujuan untuk menguji pengaruh likuiditas, aktivitas, kepemilikan manajerial, kepemilikan institusional, dan ukuran perusahaan terhadap probabilitas financial distress pada perusahaan sektor pertambangan Indonesia. Populasi penelitian yaitu 41 perusahaan sektor pertambangan yang terdaftar di Bursa Efek Indonesia tahun 2010-2014. Teknik pengambilan sampel menggunakan metode purposive sampling sehingga diperoleh 23 sampel perusahaan. Pengolahan data menggunakan teknik analisis regresi logistik dengan bantuan SPSS versi 21. Jenis penelitian ini merupakan penelitian kuantitatif. Alat analisis yang digunakan meliputi analisis statistik deskriptif dan uji multikolinearitas. Dalam pengujian pengaruh antar variabel, alat analisis yang digunakan berupa uji goodness-of-fit, uji overall model fit, dan nagelkerke R square. Berdasarkan pengujian sampel penelitian menggunakan regresi logistik menunjukkan bahwa tidak terdapat pengaruh antara variabel solvabilitas, likuiditas, kepemilikan manajerial, kepemilikan institusional, dan ukuran perusahaan terhadap probabilitas terjadinya financial distress. Sedangkan pengujian sampel penelitian menggunakan regresi logistik menunjukkan bahwa variabel aktivitas memiliki pengaruh negatif signifikan terhadap probabilitas. This study aims to examine the effects of liquidity, activity, managerial ownership, institutional ownership, and firm size on the probability of financial distress in Indonesian mining sector companies. The research population was 41 mining sector companies listed in Indonesia Stock Exchange in 2010-2014. The sampling technique used purposive sampling method to get 23 company samples. Data processing used logistic regression analysis technique with the help of SPSS version 21. This research type was quantitative research. The analysis tools used including descriptive statistical analysis and multicolinearity test. In testing the effect between variables, the analysis tool used in the form of goodness-of-fit test, overall model fit test, and nagelkerke R square. Based on the testing of research sample used logistic regression indicated that there was no influence between variables of solvability, liquidity, managerial ownership, institutional ownership, and firm size to probability of occurrence of financial distress. While testing the research sample used logistic regression showed that the activity variable had a significant negative effect on the probability
Inovasi Produk Lokal melalui Transformasi Bahan Pangan Desa Menjadi Produk Bernilai Tinggi di Desa Ngrapah Kecamatan Banyubiru Dwijayantie, Rinti; Ghozali, Raden Roro Diana Atika; Prasetyo, Rifki Adhi
GOTAVA Vol. 3 No. 1 (2025): GOTAVA
Publisher : Yayasan Sumber Daya Manusia Cerdas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59891/jpmgotava.v3i1.31

Abstract

Community service program was conducted in Ngrapah Village, Banyubiru District, Semarang Regency, with the aim of empowering housewives through training on processing local food ingredients into high-value products. The village’s abundant natural resources, particularly freshwater fish from Lake Rawa Pening, have not been fully utilized to improve household economic welfare. Therefore, a team from the Department of Business and Finance, Vocational School, Diponegoro University, initiated a program to train local women in producing and packaging pempek (traditional Indonesian fish cakes) as a form of downstream processing of local food potential. The program was implemented through a structured approach consisting of needs assessment, technical and managerial training, as well as mentoring in production and marketing. The results indicated a significant improvement in participants’ knowledge and skills, with average scores increasing from 1.9–2.7 before training to 3.8–4.5 afterward. The highest improvements were observed in technical skills for making pempek (from 2.1 to 4.5) and self-confidence to start a business (from 2.5 to 4.4). In addition, at least five participants successfully began independent small-scale production after completing the program. This activity also produced a Standard Operating Procedure (SOP) for pempek production and packaging, which is expected to become the foundation of a collective enterprise to strengthen the village’s economic independence. The program aligns with poverty alleviation efforts and the promotion of food security through community empowerment.
Assesing the Role of ESG on Firm Value in Indonesia: Signaling or Symbolism? Prasetyo, Rifki Adhi; Rissa Anandita; Nur Amaliyatun Anisa Br Ginting
GOVERNORS Vol. 4 No. 2 (2025): August-November 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i2.6757

Abstract

This research delves into how Environmental, Social, and Governance (ESG) disclosures affect a company’s value, using Tobin’s Q as a measure of market performance. It centers on companies included in the KOMPAS100 index of the Indonesia Stock Exchange from 2020 to 2023, applying a fixed-effects panel regression model to assess the impact of each ESG aspect using Stata. The ESG disclosure scores and firm value represented by Tobin’s Q were collected from Bloomberg Database. The findings reveal that none of the ESG elements—environmental, social, or governance—have a statistically significant influence on firm value. Although all three variables display negative but insignificant coefficients, this suggests that ESG disclosures in Indonesia are not yet perceived by investors as adding value. These results support signaling and stakeholder theories, which stress the need for reliable information and active stakeholder involvement for ESG to affect firm valuation. The study underscores the necessity for enhanced ESG transparency, stricter regulatory enforcement, and greater investor awareness in emerging markets. It also provides practical advice for companies, policymakers, and investors aiming to bolster ESG integration and reporting standards in Southeast Asia.