PREDIKSI FINANCIAL DISTRESS PERUSAHAAN MANUFAKTUR DI INDONESIA
Abstract: This study aimed to
investigate the effect of financial ratios to predict probability of financial
distress in the company. Financial ratios in this study using the indicators
leverage ratio, liquidity ratio, activity ratio, and profitability ratio. The
population in this study are all of the companies listed on the Indonesian
Stock Exchange and continuously published financial statements in the year 2008-2012.
Based on purposive sampling method, samples obtained are 59 companies in the
period 2008-2012, so obtain 295 observations. As for the criteria of financial
distress in this study was measured by using interest coverage ratio, whilst
statistic analysis that used in this study was logistic regression. The result
of this research showed that leverage ratio (debt ratio), liquidity ratio
(current ratio), and activity ratio (total asset turnover ratio) were financial
ratios that have significant value to predict financial distress in the
company, whilst profitability ratio (return on asset) is only financial ratios
which not significant to predict financial distress in the company.
Penulis: Muhammad Arif
Hidayat, Wahyu Meiranto
Kode Jurnal: jpakuntansidd141005
