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Journal : Owner : Riset dan Jurnal Akuntansi

Pengaruh Sales Growth, Likuiditas Dan Ukuran Perusahaan Terhadap Financial Distress Lise Roswati Rochendi; Nuryaman Nuryaman
Owner : Riset dan Jurnal Akuntansi Vol. 6 No. 4 (2022): Artikel Volume 6 Issue 4 Periode Oktober 2022
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v6i4.1113

Abstract

The company's goal other than making a profit is to be able to continue to grow and survive in the competition, but the emergence of internal threats such as financial difficulties can hinder the achievement of the company's goals. Therefore, management is required to perform optimally in the company's activities, especially financial in order to avoid financial distress. This study aims to determine the effect of sales growth, liquidity and firm size on financial distress. The population of this study are transportation companies listed on the Indonesia Stock Exchange for the 2016-2021 period. The sample selection using purposive sampling technique, the sample obtained is 16 companies with a 6 year observation period so that there are 96 research data. The type of data used in this research is quantitative data. The data collection method uses secondary data in the form of financial reports. The method used is descriptive and verification method using a quantitative approach. The data analysis technique used in this research is logistic regression analysis, coefficient of determination, partial significance test using Eviews version 9. The results show that sales growth has no effect on financial distress, liquidity has no effect on financial distress and the size of the company has a negative effect on financial distress.
Beyond Numbers: Beyond Numbers: Exploring Factors Influencing Company Value In Indonesian Consumer Goods (2018-2022) Ahmad, Darmawel; Nuryaman, Nuryaman
Owner : Riset dan Jurnal Akuntansi Vol. 8 No. 3 (2024): Artikel Research July 2024
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v8i3.2197

Abstract

This study analyzed Indonesian consumer goods' business value determinants (2018-2022) using numerical methods, focusing on the impact of key variables like debt-to-equity ratio, total asset turnover, logarithm of assets, and return on equity. The research investigated the influence of these factors on companies listed on the Indonesian Stock Exchange, revealing significant effects of debt-to-equity ratio and total asset turnover on return on equity and subsequently on price-to-book value. The logarithm of assets directly affected return on equity but had no impact on price-to-book value. Regression analysis, measured by R-Square and Q-Square values, demonstrated the variables' impact on cost-to-book value and return on equity. The study confirmed that financial leverage and asset utilization significantly affect enterprise value, highlighting the importance of effective financial management in optimizing investment returns in Indonesia's consumer goods sector.