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All Journal Semantik Jurnal Transformatika al-Afkar, Journal For Islamic Studies Pendas : Jurnah Ilmiah Pendidikan Dasar Jurnal al-Ulum : Jurnal Pemikiran dan penelitian ke-Islaman Jurnal Panalungtik MDJ (Makassar Dental Journal) JURNAL AKTUAL AKUNTANSI KEUANGAN BISNIS TERAPAN (AKUNBISNIS) Tunas Medika Jurnal Kedokteran & Kesehatan Prosiding Balai Arkeologi Jawa Barat Jurnal Politica Dinamika Masalah Politik Dalam Negeri dan Hubungan Internasional Jurnal Ilmiah Wahana Pendidikan Jurnal Pengabdian kepada Masyarakat Jurnal Manajemen Prosiding Seminar Nasional Pengabdian Kepada Masyarakat Jurnal Teknologi dan Terapan Bisnis Inclusive Society and Sustainability Studies (ISSUES) Jurnal Keolahragaan JUARA Amerta Jurnal Manajemen Kewirausahaan dan Teknologi Naditira Widya International Journal of Education, Vocational and Social Science
Iwan Hermawan
Unknown Affiliation
Religion Agriculture, Biological Sciences & Forestry Arts Humanities Biochemistry, Genetics & Molecular Biology Computer Science & IT Decision Sciences, Operations Research & Management Dentistry Economics, Econometrics & Finance Education Energy Environmental Science Health Professions Languange, Linguistic, Communication & Media Medicine & Pharmacology Physics Public Health Social Sciences Other

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Financial Ratio-Based Corporate Bankruptcy Prediction to Reduce Investment Loss Risk Nurbaiti; Iwan Hermawan; Alvianita Gunawan Putri
Inclusive Society and Sustainability Studies Vol. 5 No. 2 (2025): December Volume
Publisher : Research Synergy Foundation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/issues.v5i2.3081

Abstract

The increasing risk of bankruptcy that occurs in the textile industry today is a result of macroeconomic pressures, such as decreased demand and inflation, which has resulted in 7 textile companies closing and 8 companies making efficiency. The intent of this study is to investigate the effect of financial ratios such as profitability ratios, operational ratios, and liquidity ratios on the level of financial distress as measured by the Grover model (G-Score), as well as to develop a financial ratio-based risk prediction model. The study methodology employs a positivist perspective, a quantitative approach, secondary data, and a purposive sampling procedure. The data were analyzed using the IBM SPSS 26 tool, which included descriptive statistical tests, classical assumptions, multiple regression, and hypothesis testing. The profitability ratio, operational ratio, and liquidity ratio were found to have a 79.5% influence on the extent of financial distress. Each ratio has a substantial impact on the level of financial difficulty. This study adds theoretically to signaling theory regarding the financial ratios as indications of bankruptcy risk. Practically, this model can be an early detection tool for bankruptcy risk, assist in the preparation of risk mitigation strategies, and increase investment attractiveness in the Indonesian textile industry. Keywords financial distress, liquidity ratio, operational ratio, profitability ratio, signal theory
Co-Authors Adiastuti Endah Ahmad Hafizh Alvianita Gunawan Putri Anjar Dwi Ariani Arga Nurcahya Aryati Azizah Bariah, Oyoh Bazzar Ari Mighra Chaniar Tanara Dewangga Eka Mahardian Dody Setiadi Ela Yuliana Erika Habibah Fahmy Fachrezzy Fariha Hidni Salama Ferey Herman Fikri Fadlurrahman Gatot Jariono Gita Hindrawati Inayah Inayah irfan syahrudi Irma Bastaman Jajang Jati Nugroho jauharatna, katrynada Junaidi Junaidi Junaidi Junaidi Juriana Kasja Eka Waluyo Kasja Eki Waluyo Laelatul Nur Hudiah Lilis Fauziyah Lismawati Luqman Khakim M. Tajudin Zuhri Mansur Jauhari Masripah Muhammad Rafi Nenden Munawaroh Niklah Zaidah Nur Aini Farida Nurbaiti R Vivi Meidianawaty R. Yusuf Firdaus Albana Rini Awalia Septiani saffira wardhana Sandi Prayudho Sartono Sartono Silfra Yunus Kende Suharmanto Uzizatun Maslikah Viranti Citrasari Yanti, Rus