DETERMINAION FINANCIAL DISTRESS OF BUMN COMPANY
IN INDONESIA
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Institusion
Universitas Pembangunan Nasional Veteran Jakarta
Author
Wika Aviannie, .
Subject
HC Economic History and Conditions
Datestamp
2022-01-13 04:56:41
Abstract :
This research is a quantitative study that aims to determine the determination of financial distress in BUMN companies in Indonesia. This research uses BUMN companies in the period of 2016-2018 as a sample. Detection of financial distress is done through the calculation of the Altman Z-Score model and there are 19 companies in a state of distress. Testing the hypothesis in this study using Logistic Regression Analysis through the SPSS program with a significance level of 5% (0.05). The results of this study prove the existence of a significant negative effect on liquidity on financial distress predicted in state-owned companies listed on the Stock Exchange in the 2016-2018 period. The decline in liquidity that occurs in state-owned companies can affect financial conditions to experience financial distress. While other variables, namely, profitability and solvency do not affect the financial condition of a company to cause financial distress.
This research is a quantitative study that aims to determine the determination of financial distress in BUMN companies in Indonesia. This research uses BUMN companies in the period of 2016-2018 as a sample. Detection of financial distress is done through the calculation of the Altman Z-Score model and there are 19 companies in a state of distress. Testing the hypothesis in this study using Logistic Regression Analysis through the SPSS program with a significance level of 5% (0.05). The results of this study prove the existence of a significant negative effect on liquidity on financial distress predicted in state-owned companies listed on the Stock Exchange in the 2016-2018 period. The decline in liquidity that occurs in state-owned companies can affect financial conditions to experience financial distress. While other variables, namely, profitability and solvency do not affect the financial condition of a company to cause financial distress.
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