Analisis Financial Distress dengan Menggunakan Analisis Survival
Main Article Content
Financial Distress refers to a situation in which the financial condition of a company is poor, indicated by insufficient capital and difficulties in meeting financial obligations throughout the maturity of its payments. The underlying causes include low asset value, high corporate debt, and poor corporate performance. Hence, the company must take measures to maintain the financial condition of the company from experiencing financial difficulties. The objective of this study is to clearly understand the influence of liquidity, leverage, profitability, and firm size on financial distress in Sub-Sector Pakaian & Barang Mewah companies listed on the Indonesia Stock Exchange from 2016 to 2022. The data used is secondary data obtained from the annual financial reports of the company. The sample used is obtained via the technique of purposive sampling. Survival analysis is a method used. The hypotheses in this data analysis were tested using SPSS 23. Data analysis shows that Liquidity, Leverage, Profitability, and Company Size simultaneously have a significant impact as the independent variables contribute additional effects to the model, resulting in a good fit for the model. It is known that Leverage and Company Size have a significant influence on Financial Distress when considered individually. Liquidity and Profitability do not have a significant impact on Financial Distress
Afriyani, F. (2023). Pengaruh Rasio Likuiditas, Leverage, Aktivitas dan Profitabilitas terhadap Financial Distress pada Perusahaan F&B. Jurnal Riset Akuntansi, 23–30. https://doi.org/10.29313/jra.v3i1.1766
Alifia, N., & Rikumahu, B. (2020). Prediksi financial distress perusahaan pertambangan batubara di bursa efek indonesia menggunakan support vector machine, k-nearest neighbor dan naïve bayes classifier. Jurnal Mitra Manajemen, 4(6), 967–978.
Asikin, M. Z., Amelia, A., & Hidayat, A. R. (2024). Membangkitkan Semangat Kewirausahaan untuk Meningkatkan Keberlanjutan Bisnis dengan Memperkuat Sikap, Perilaku, dan Nilai Entrepreneurship. Cakrawala Repositori IMWI, 7(4), 1240–1245.
Dalimunthe, N., Azhari, A. K., Wahyudi, I. H., Aziz, M. T., Cintana, A. D., Khairunisah, K., Syahfitri, M., & Adila, P. (2023). Penerapan Perjanjian Kerja Dalam Perusahaan Terhadap Hak Ketenagakerjaan. Jurnal Riset Akuntansi, 1(3), 83–106.
Darmayanti, N., Africa, L. A., & Mildawati, T. (2021). The Effect of Audit Opinion, Financial Distress, Audit Delay, Change of Management on Auditor Switching. International Journal of Economics and Finance Studies, 13(1), 173–193. https://doi.org/10.34109/ijefs.202112230
Handoko, B. L., & Haryanto, F. (2019). Effect of Audit Opinion, Company Size, Financial Distress and Return on Assets on Auditor Switching. International Journal of Innovative Technology and Exploring Engineering, 9(2), 4249–4254. https://doi.org/10.35940/ijitee.b6358.129219
Hanifa, R. U. (2019). PENGARUH LIKUIDITAS, PROFITABILITAS, LEVERAGE, DAN AKTIVITAS TERHADAP FINANCIAL DISTRESS PERUSAHAAN (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018). Universitas Islam Indonesia.
Khotimah, K., & Indah, Y. (2020). Pengaruh profitabilitas terhadap prediksi kebangkrutan (financial distress) dengan struktur modal sebagai variabel moderating. Forum Ekonomi, 22(1), 37–43.
Kisman, Z., & Krisandi, D. (2019). How to predict financial distress in the wholesale sector: Lesson from Indonesian Stock Exchange. Journal of Economics and Business, 2(3).
Krismoko, K. (2024). Pengaruh Gaya Kepemimpinan, Lingkungan Kerja Dan Stres Kerja Terhadap Turnover Intention. Jurnal Locus Penelitian Dan Pengabdian, 3(2), 126–138. https://doi.org/10.58344/locus.v3i2.2450
Kristanti, F. T. (2021). Analisis Survival Untuk Financial Distress di Indonesia. Malang: Inteligensia Media.
Kristanti, F. T., & Isnuwardhana, D. (2018). Survival analysis of industrial sectors in Indonesia companies. Jurnal Keuangan Dan Perbankan, 22(1), 23–36.
Oktavian, R. W., & Rikumahu, B. (2021). Analysis of Financial Distress Prediction of Coal Subsector Companies Registered in Indonesia Stock Exchange During the Period of 2012-2019 Using Survival Analysis. International Journal of Advanced Research in Economics and Finance, 3(2), 1–7.
Pranita, K. R., & Kristanti, F. T. (2020). Analisis financial distress menggunakan analisis survival. Nominal Barometer Riset Akuntansi Dan Manajemen, 9(2), 240–257.
Putra, Y. A., & Djazuli, A. (2018). Pengaruh Rasio Profitabilitas, Likuiditas, Solvabilitas, Ukuran Perusahaan Dan Jaminan Terhadap Peringkat Obligasi (Studi Pada Perusahaan Yang Mengelurkan Obligasi dan Terdaftar Di Bursa Efek Indonesia). Jurnal Fakultas Ekonomi Dan Bisnis Universitas Brawijaya.
Rahmayani, S., & Ayem, S. (2022). Pengaruh profitabilitas dan likuiditas terhadap financial distress menggunakan survival analysis. Reslaj: Religion Education Social Laa Roiba Journal, 4(4), 1204–1219.
Sari, B. F., Wiyono, G., & Sari, P. P. (2023). Pengaruh Likuiditas, Solvabilitas dan Efisiensi Modal Kerja Terhadap Profitabilitas Pada Perusahaan Subsektor Kosmetik dan Keperluan Rumah Tangga yang Terdaftar di BEI Periode 2017-2022. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 4(4), 1095–1113.
Swandewi, N. L. M. A., & Badera, I. D. N. (2021). The Effect of Audit Opinion, Audit Delay and Return on Assets on Auditor Switching (Empirical Study on Mining Companies Listed on the IDX 2015-2019 Period). American Journal of Humanities and Social Sciences Research, 5(1), 593–600.
Thian, A. laporan keuangander. (2022). Analisis laporan keuangan. Penerbit Andi.
Yolanda, J., & Kristanti, F. T. (2020). Analisis Survival Pada Financial Distress Menggunakan Model Cox Hazard. BALANCE: Economic, Business, Management and Accounting Journal, 17(2), 21–31. https://doi.org/10.30651/blc.v17i2.4260
Zulfahmi, M. R. Y., & Heikal, J. (2024). Analisis Prediksi financial Distress Perusahaan Industri Kimia Dasar. Jurnal Mirai Management, 9(1), 488–505.
