ANALISIS RASIO KEUANGAN UNTUK MEMPREDIKSI KONDISI FINANCIAL DISTRESS PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR DAN KIMIA YANG TERDAFTAR DI BEI
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Institusion
Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya
Author
RAHMAWATI, ANGGIE
Subject
657.042 - FINANCIAL ACCOUNTING
Datestamp
2018-02-12 07:50:20
Abstract :
This research aimed to examine the effect of financial ratios which include the profit margin, liquidity, operating efficiency, profitability, financial leverage, cash position, and growth ratio in predicting financial distress conditions in the manufacturing company in the basic and chemistry industry registered in indonesian stock exchange period of 2011-2014. The sampling technique in this research conducted with a purposive sampling, of the criteria specified then selected 40 companies in the sample, with a category 0 for non financial distress companies and category 1 for companies experiencing financial distress. The population in this research was manufacturing company in the basic and chemistry industry registered in Indonesian stock exchange for the period of 2011-2014. Data used in this research are secondary data which obtained from the IDX. Financial data for the period 2011-2012 are used as the basis for the calculation of the independent variables and financial data for the period 2013-2014 are used as the basis for the calculation of the dependent variable or as a determinant of financial distress. The statistic method is used to test in this research hypothesis is logistic regression. The results showed that the operating efficiency ratio (sales to total assets) significantly affect in predicting financial distress at the manufacturing company in the basic and chemistry industry registered in indonesian stock exchange for the period of 2011 - 2014. Keywords: Financial Distress, Financial Ratios, Logistic Regression
This research aimed to examine the effect of financial ratios which include the profit margin, liquidity, operating efficiency, profitability, financial leverage, cash position, and growth ratio in predicting financial distress conditions in the manufacturing company in the basic and chemistry industry registered in indonesian stock exchange period of 2011-2014. The sampling technique in this research conducted with a purposive sampling, of the criteria specified then selected 40 companies in the sample, with a category 0 for non financial distress companies and category 1 for companies experiencing financial distress. The population in this research was manufacturing company in the basic and chemistry industry registered in Indonesian stock exchange for the period of 2011-2014. Data used in this research are secondary data which obtained from the IDX. Financial data for the period 2011-2012 are used as the basis for the calculation of the independent variables and financial data for the period 2013-2014 are used as the basis for the calculation of the dependent variable or as a determinant of financial distress. The statistic method is used to test in this research hypothesis is logistic regression. The results showed that the operating efficiency ratio (sales to total assets) significantly affect in predicting financial distress at the manufacturing company in the basic and chemistry industry registered in indonesian stock exchange for the period of 2011 - 2014. Keywords: Financial Distress, Financial Ratios, Logistic Regression
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