PREDIKSI RASIO KEUANGAN TERHADAP KONDISI FINANCIAL DISTRESS PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

ARDIYANTO, Feri Dwi and PRASETIONO, Prasetiono (2011) PREDIKSI RASIO KEUANGAN TERHADAP KONDISI FINANCIAL DISTRESS PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI. Jurnal Dinamika Ekonomi & Bisnis , 8 (1). pp. 1-14. ISSN 1693-8275

[img]
Preview
PDF - Published Version
12Mb

Abstract

This research aims to test the effect offinancial ratios which are CACL, CATA, WCTA, NITA, KETA, SETA, TLTA, STA, and ITO to predict the probabitity offinancial distress in the manufacturing companies listed in Indonesia Stock Exchan[e for the period of 2005-2009. Data used in this research are s.econdory ones which obtained f'om ICMD. Financial data from 2005 to 2007 are processed ones used to independent variables and data in 2008-2009 are used as guidance to determine Jinancial distress status using a negative EPS of two consecutive years. This study used 102 manufacturing company as samples which consist of 89 non-financial distress qnd I3 .financial distress- Hypothesis of this research are tested by analysis model of one, two and three years before financial clistress. Result of clata analysis using logistic regression method shows that the one year moclel produces the highest prediction accuracy. The test results with three analysis moclels also shows that the variable of CACL, WCTA and I{ITA significantly influence probability offinancial clistress.

Item Type:Article
Additional Information:financial distress, financial ratios, earning per share, logistic regression
Uncontrolled Keywords:financial distress, financial ratios, earning per share, logistic regression
Subjects:H Social Sciences > H Social Sciences (General)
Divisions:Faculty of Economics and Business > Department of Management
ID Code:37252
Deposited By:Mr. Perpustakaan Fakultas Ekonomi
Deposited On:26 Nov 2012 13:41
Last Modified:26 Nov 2012 13:41

Repository Staff Only: item control page