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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
Beyond Price: Does Perceived Quality Dictate Consumer Purchase Timing? - Ardiyanti, Vika Diyah; Iwan Hermawan; Gita Hindrawati; Luqman Khakim; Febrina Indrasari
Admisi dan Bisnis Vol. 27 No. 1 (2026): PEBRUARI 2026
Publisher : Politeknik Negeri Semarang

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Abstract

The intensifying competition in Indonesia’s coffee industry necessitates a deep understanding of the factors influencing purchase decisions. This study examines the effects of Consumer Value, Consumer Trust, and Product Variety on Purchase Decision, with Perceived Quality serving as a moderating variable. An associative quantitative approach employing moderation analysis was conducted on 675 urban coffee consumers who drink coffee at least four times per week, using a 1–6 Likert scale questionnaire. Classical assumption tests indicated no multicollinearity (VIF < 10) or heteroscedasticity (Sig. > 0.05). Although the data were not normally distributed, regression analysis remained valid due to the large sample size. Multiple regression results revealed that Consumer Value (β = 0.337; p < 0.001), Consumer Trust (β = 0.164; p < 0.001), and Product Variety (β = 0.173; p < 0.001) have significant positive effects on Purchase Decision, with Consumer Value being the strongest predictor. The Moderated Regression Analysis (MRA) further indicated that Perceived Quality significantly strengthens the relationship between Consumer Trust and Purchase Decision (β = 0.125; p < 0.001), but does not moderate the effects of Consumer Value or Product Variety. These findings reinforce the commitment-trust theory and the means-end model, highlighting the synergistic role of perceived quality in enhancing the influence of trust on purchase decisions. Practically, coffee businesses should maintain a high perception of quality through quality assurance, certification, and product consistency to maximize the impact of trust, while simultaneously sustaining product value and variety to achieve competitive advantage.
Multicomponent physical fitness evaluation as a developmental baseline for youth athletes in jakarta’s long-term water ski and wakeboard training program Maslikah, Uzizatun; Fahmy Fachrezzy; Iwan Hermawan; Mansur Jauhari; Viranti Citrasari; Arga Nurcahya
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol. 11 No. 4 (2025): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020256231

Abstract

The scientific profiling of youth athletes in water ski and wakeboard sports remains limited, particularly in Southeast Asia, where empirical baseline data to support Long-Term Athlete Development (LTAD) frameworks are scarce. Although structured training programs have been implemented in Jakarta, no published research has comprehensively evaluated the multicomponent physical fitness characteristics of Indonesian youth athletes in these disciplines. Therefore, this study aimed to provide a descriptive–evaluative baseline analysis of physical condition profiles to inform long-term athlete development planning. A descriptive quantitative cross-sectional design was employed involving 24 male and female athletes (aged 13–18 years) selected through purposive sampling from Jakarta’s official 2025 long-term training cohort. A standardized multicomponent fitness battery was administered, including the Yo-Yo Intermittent Recovery Test Level 1 (aerobic endurance), 30-second Wingate Anaerobic Test (anaerobic capacity), 1RM strength testing, Standing Broad Jump (power), Illinois Agility Test, coordination and balance assessments, and Sit-and-Reach flexibility testing. Data were analyzed using descriptive statistics, independent-sample t-tests, and one-way ANOVA with effect size calculations (p < 0.05). Results indicated moderate-to-good aerobic endurance (1,560 ± 210 m), good anaerobic peak power (10.8 ± 1.3 W·kg⁻¹), above-average muscular strength (34.5 ± 4.2 kg), good lower-limb power (205.4 ± 15.8 cm), good agility (17.2 ± 0.9 s), above-average flexibility (32.6 ± 5.1 cm), and strong balance performance (42.3 ± 8.6 s). Aerobic endurance showed the greatest variability, while anaerobic power and agility emerged as dominant characteristics. These findings establish the first integrated physical fitness baseline for Indonesian youth water ski and wakeboard athletes and provide practical guidance for individualized LTAD-based conditioning programs.