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All Journal Briliant: Jurnal Riset dan Konseptual
Alvita, Devi
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Civil Engineering, Building, Construction & Architecture Computer Science & IT Education

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Pengaruh Tangibility Asset, Size, dan Volatilitas Terhadap Financial Distress Pada Bumn di Bursa Efek Indonesia Alvita, Devi; Kusumawardhani, Ratih; Sari, Pristin Prima
BRILIANT: Jurnal Riset dan Konseptual Vol 9 No 4 (2024): Volume 9 Nomor 4, November 2024
Publisher : Universitas Nahdlatul Ulama Blitar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28926/briliant.v9i4.1790

Abstract

This research aims to determine the effect of asset tangibility, size and volatility on financial distress. In estimating financial distress in this research, the Altman Z-score model was used. With a sample size of 27 state-owned companies for 4 years or during COVID-19. The results of the analysis obtained are that the asset tangibility variable states that it has no effect on financial distress. Because, a high asset tangibility value will not necessarily prevent the company from financial distress. The size variable shows that it has no effect on financial distress. Companies that have a large number of assets will not necessarily avoid financial distress or financial difficulties. The volatility variable shows an influence on financial distress. Companies that have low volatility values ​​do not necessarily always experience financial distress or financial difficulties, and vice versa. This is because the volatility value will affect investors who will invest. This research concludes that state-owned companies listed on the Indonesia Stock Exchange for the 2019-2022 period or during the COVID-19 pandemic did not have a significant influence on financial distress. However, during COVID-19, banking and health companies made very rapid profits.
Co-Authors Kusumawardhani, Ratih Sari, Pristin Prima