Annisa Nurfajrina
Institut Pertanian Bogor

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ANALISIS FINANCIAL DISTRESS PADA PERUSAHAAN AGRIBISNIS DI BURSA EFEK INDONESIA Annisa Nurfajrina
Jurnal Keuangan dan Perbankan Vol 20, No 3 (2016): September 2016
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (224.101 KB) | DOI: 10.26905/jkdp.v20i3.280

Abstract

Agribusiness is one of important sector in Indonesia. Agribusiness has unique characteristics and high complexity which can lead to financial problems. Therefore, its important to analyzed financial distress in agribusiness company to avoid bankruptcy. This research analyzed financial factors that influence financial distress in agribusiness companies listed in Indonesia stock exchange period 2010-2014. Eleven agribusiness companies were selected based on purposive sampling. This study used DSCR (debt service coverage ratio) as a proxy of financial distress. The method of analysis used panel data regression. The results showed that financial ratios are EBITDA to total assets, ROE, and TATO have a significant positive effect to DSCR. However, DAR and working capital to total assets have no significant effect to DSCR