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Journal : Scientium Management Review

ASSET STRUCTURE, DEBT MANAGEMENT AND EFFICIENCY ON COMPANY VALUE THROUGH PROFIT PERFORMANCE (Case Study of a Manufacturing Company Listed on the Indonesian Stock Exchange) Fatimah, Nur Itha; Laba, Abd. Rakhman; Nohong, Mursalim
Scientium Management Review Vol. 1 No. 3 (2022): Scientium Management Review
Publisher : Scientia Integritas Utama

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56282/smr.v1i3.186

Abstract

This study aims to analyze the effect of asset structure, debt management and efficiency on firm value with earnings performance as an intervening variable in manufacturing companies listed on the Indonesia Stock Exchange. The data analysis technique uses SPSS and the Sobel Test and the data source used is secondary data in the form of financial reports of manufacturing companies for the 2014-2021 period. The type of data used is quantitative data with data collection techniques, namely documentation. The results of this study indicate that in the model 1 test it can be concluded that asset structure has no effect on earnings performance, while debt management has a negative and significant effect on earnings performance and efficiency has a positive and significant effect on earnings performance. And the results for the model 2 test, namely asset structure and efficiency have no effect on firm value while debt management and earnings performance have a positive and significant effect on firm value. For model 3 test results, namely asset structure has no effect on firm value when mediated by earnings performance. Meanwhile, debt management and efficiency have an influence on firm value when mediated by earnings performance.
ANALYSIS OF FINANCIAL DISTRESS ASSESSMENT USING THE ALTMAN MODEL (ZSCORE) IN FOOD AND BEVERAGE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE 2017-2021 PERIOD Birana, Melfi; Nohong, Mursalim; Dewi, Sari
Scientium Management Review Vol. 1 No. 3 (2022): Scientium Management Review
Publisher : Scientia Integritas Utama

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56282/smr.v1i3.191

Abstract

This study aims to determine the financial distress assessment of the company The food and beverage subsector is listed on the Indonesia Stock Exchange using the Altman Z-Score model. The sample was selected using purposive sampling method. Seventeen companies in the food and beverage subsector were selected based on criteria listed on the Indonesia Stock Exchange (IDX) and financial reports published regularly for the last five years from 2017 to 2021. Secondary data comes from the website www.idx.co.id. The results show that the Altman Z-Score model can be implemented in detecting the possibility of financial distress in food and beverage subsector companies.there are three companies for five consecutive years in a state of Distress and several in the last two years experiencing financial distress,caused by variable X5 decreased so that sales or income decreased.