Jurnal Penelitian Ekonomi dan Bisnis
Vol 2, No 2 (2017): Jurnal Penelitian Ekonomi dan Bisnis

RASIO KEUANGAN DAN PREDIKSI FINANCIAL DISTRESS

Jenny Pratiwi Assaji (Universitas Dian Nuswantoro)
Zaky Machmuddah (Universitas Dian Nuswantoro)



Article Info

Publish Date
28 Jan 2019

Abstract

The purpose of this research is to understand the effect of financial ratios in predicting the possibility of financial distress on companies listed on Sri Kehati index in a row of 2009-2016. This study uses the financial ratios proxied by return on assets, return on capital, net profit margin, P / E ratio, and asset turnover as independent variables. Meanwhile, the financial distress proxied by Z-score is a dependent variable. The population of this study is all companies listed on the index of Sri Kehati in 2009-2016 and listed on the Indonesia Stock Exchange. The sample of this study took nine companies with purposive sampling method and the study period is for eight years in a row (2009-2016). Logistic regression method used in this research. The results show that ROA, ROE and PER have a significant effect on financial distress. Meanwhile, NPM and ATO have no significant effect on financial distress.Keywords: Financial Ratio;Financial Distress

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Journal Info

Abbrev

jpeb

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

JPEB is a periodical publication (two times a year, in March and September) with the primary objective to disseminate scientific articles in the fields of management, economics, accounting, and islamic economics. JPEB is accept your manuscript both written in Indonesian or ...