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Analisis Prediksi Kebangkrutan PT Matahari Departemen Store Tbk Menggunakan Metode Springate Z-Score dan Metode Grover Z-Score Tahun 2018 – 2022 Ginting, Nita Oktaviani; Marnija, Marnija; Gulo, One Berkat Harapan; Rosana, Andri Murti; Holiawati
Innovative: Journal Of Social Science Research Vol. 3 No. 6 (2023): Innovative: Journal Of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

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Abstract

Penelitian ini bertujuan untuk menganalisis prediksi kebangkrutan dengan menggunakan metode Springate Z-Score dan Grover Z-Score pada PT Matahari Departemen Store Tbk periode 2018-2022. Penelitian ini menggunakan metode deskriptif kuantitatif. Data yang digunakan adalah data sekunder yang diambil dari laporan keuangan. Dari hasil penelitian diketahui bahwa PT Matahari Departemen Store Tbk termasuk dalam kategori perusahaan yang tidak sehat pada tahun 2020. Kondisi tidak sehat pada tahun tersebut terlihat dari menurunnya nilai modal kerja perusahaan, laba dan net income dan dibuktikan dengan kenyataan tutupnya beberapa gerai yang ada sepanjang tahun 2020. Manfaat dari penelitian ini diharapkan perusahaan dapat menjaga kondisi keuangan diperiode selanjutnya serta perusahaan dapat mengambil langkah atau strategi lebih baik lagi dalam meningkatkan performa perusahaan dan investor dapat mengambil keputusan dengan bijak untuk mempertahankan investasinya pada PT Matahari Departemen Store Tbk. Penelitian perusahaan ini semoga menjadi tolak ukur keuangan bagi perusahaan ritel lainnya dalam menghadapi kondisi persaingan usaha online yang semakin meluas.
DAYA TARIK INVESTOR MEMODERASI HUBUNGAN GROWTH OPTION DAN STRATEGI BERSAING DENGAN KINERJA KEBERLANJUTAN (Studi Empiris Pada Perusahaan yang Terdaftar Index Kompas 100 Periode 2019 - 2023) Rosana, Andri Murti; Holiawati; Ruhiyat, Endang
Jurnal Riset Terapan Akuntansi Vol. 9 No. 1 (2025): JURNAL RISET TERAPAN AKUNTANSI
Publisher : Jurnal Riset Terapan Akuntansi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.15546308

Abstract

The purpose of this study is to test and analyze Investor Attractiveness Moderates the Relationship between Growth Option and Competitive Strategy with Sustainability Performance in companies listed on the Kompas 100 Index for the period 2019-2023. This study uses observational data from 100 companies and a sample of 35 companies from the Kompas 100 Index listed on the Indonesia Stock Exchange from 2019 to 2023. The data used are secondary data in the form of financial reports and sustainability reports of sample companies. Hypothesis testing is carried out using a panel data linear regression model and moderating regression analysis with Eviews 12 software. The results of this study indicate that Growth Option does not have a negative effect on Sustainability Performance, Competitive Strategy has an effect on Sustainability Performance, Investor Attractiveness does not moderate the relationship between Growth Option and Sustainability Performance. Investor Attractiveness does not moderate the relationship between Competitive Strategy and Sustainability Performance. This finding indicates that although investor attractiveness can reflect market perceptions of a company's potential, this factor has not been able to strengthen the influence of internal variables such as growth options and competitive strategies on sustainability performance. This is due to the dominance of short-term profit motives among Indonesian capital market investors, who have not fully integrated sustainability aspects into the investment decision-making process. Therefore, companies need to show investors the importance of developing adaptive and sustainable strategies, which not only provide short-term but also long-term financial benefits for investors, and not only prioritize financial benefits, but are more complete by integrating social and environmental aspects. This study provides an important contribution to the development of sustainability management literature and corporate strategy, especially in the context of the Indonesian capital market. Keywords: Investor Attraction, Growth Options, Competitive Strategy, Sustainability Performance