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Leo Cahya Trias Putra Rachman
Department of Management and Business, Business School IPB University Jl. Raya Pajajaran, Bogor, 16151
Economics, Econometrics & Finance

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The transition of enhancing financial performance in the mining and agriculture sector Leo Cahya Trias Putra Rachman; Muhammad Firdaus; Bunasor Sanim
Jurnal Keuangan dan Perbankan Vol 23, No 3 (2019): July 2019
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v23i3.2755

Abstract

In times of crisis, a decline in company performance can potentially be the cause of bankruptcy. The study of financial distress and turnaround has a close relationship, because the successful turnaround is determined from efforts to overcome the company's problems with financial distress. The purpose of this study is to analyze the factors that significantly influence the transition of financial performance and also to formulate managerial implications related to the success of turnaround in mining and agriculture sub-sector companies. The logistic regression method (logit) is used to discriminate samples of companies with the distressed category and also the turnaround category. The results of the study show that the transition of the company's financial performance is influenced by the variables of company size, level of distress and industry type. Alternative strategies that have been formulated consist of efficiency and entrepreneurial oriented strategies. Based on studies that have been conducted, the agricultural sector has a better probability of transition than the mining sector.JEL Classification: C01, C58, G01, G33DOI: https://doi.org/10.26905/jkdp.v23i3.2755
Co-Authors Bunasor Sanim Muhammad Firdaus