Analisis Pengaruh Rasio Keuangan Terhadap Financial Distress pada Perusahaan Manufaktur di Bursa Efek Indonesia

Suriadi, Suriadi (2012) Analisis Pengaruh Rasio Keuangan Terhadap Financial Distress pada Perusahaan Manufaktur di Bursa Efek Indonesia. Undergraduate thesis, Universitas Internasional Batam.

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Abstract

This study is aim to investigate the ability of financial ratios for prediction of financial distress of listed manufacturing companies in Indonesia. The financial ratios consist of return on assets, debt equity, current ratio, assets turnover, cash flow from operation to net income, cash flow from operation to liabilities, cash flow from operation to current liabilities, cash flow from operation to total assets. The logistic regression analysis were used to a model by utilizing the data of two groups that consist of financial distressed and healthy firms over the period of 2005-2010. The data of the financial distressed and healthy firms were collected from Indonesia Stock Exchange (IDX). The statistical results of the model includes, return on assets, debt equity ratio, current ratio, assets turnover, cash flow to liabities ratio, cash flow to assets have indicate the validity of that model. The test of the model present an impressive prediction about the financial distress. However, the result shows that there is no significant impact of cash flow to net income and cash flow to current liabilities on the financial distress. Key words: Financial ratio, financial distress, logistic regression analysis, Indonesia stock exchange

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