DETERMINAN KEBERHASILAN TURNAROUND PADA PERUSAHAAN YANG MENGALAMI FINANCIAL DISTRESS
Abstract : This study
aims to determine
the factor that
influence the succes of
the turnaround firm
experiencing financial disstres.
These factor are profitability
ratio, severity, free
assets, size, downsizing, and CEO
turnover. The sample
used in this
study is a non-financial
companies listed on
IDX 2008-2012 period,
which had financial disstres in
2008-2009 as many
as 60 companies.
Financial disstres company’s was
measured using the
Altman Z-score. The
data analysis technique used
logistic regression. The
research results indicate the
accuracy level is 76,7%. Partially
profitability ratio and size
influence on success
of the turnaround.
Severity, free assets, downsizing, and CEO turnover does not influence on the success of the turnaround.
While simultaneously profitability
ratio, severity, free assets, size, downsizing, and CEO
turnover influence on the success of the company’s turnaround.
Keywords: financial distress,
company’s turnaround, profitability ratio, severity, free assets,
size, downsizing, and CEO turnover
Penulis: RIZKI DWI LESTARI, NI
NYOMAN ALIT TRIANI
Kode Jurnal: jpmanajemendd131023
