Implementation of Beaver Dichotomy to Differentiate Good and Distressed Firms in Indonesia
Abstract
The purpose of this study is to determine factors/variables that can differentiate the characteristics of distressed and good firms and propose a new model to explain financial distress in Indonesia. There have been many theories, variables, and estimation methods used by previous studies about early warning signs of financial distress. Determining factors of good and distressed firms uses Beaver's (1968) methodology. The samples used are most sectors in Indonesia’s Stock Exchange from 2005 to 2020, excluding the financial sector. The characteristic results show that good firms have higher NITA, GPTA, CTA, QATA, CATA, WCTA, CCL, RETA, and EBTCL, while distressed firms are better on CFTS, CFTA, CFNW, CFTD, NITS, NINW, NITD, ROE, CLTA, LTLTA, CLLTLTA, QACL, CR, CTS, ITS, CATS, WCTS, NWTS, and TATS.
Keywords
Full Text:
PDFReferences
Beaver, W. H. (1966). Financial Ratios As Predictors of Failure. Journal of Accounting Research, 4, 71. https://doi.org/10.2307/2490171
Bengkulutoday.com. (2020, December 14). Pengembangan Pasar Modal Indonesia: Apresiasi BEI untuk Negeri di Tahun Kebangkitan Investor Ritel Dalam Negeri. Bengkulutoday - Terkini Dan Aktual. https://www.bengkulutoday.com/pengembangan-pasar-modal-indonesia-apresiasi-bei-untuk-negeri-di-tahun-kebangkitan-investor-ritel
Cahyani, D. R. (2020, May 20). 47 Persen UMKM Bangkrut Akibat Pandemi Corona. Tempo. https://bisnis.tempo.co/read/1344540/47-persen-umkm-bangkrut-akibat-pandemi-corona
Hartomo, G. (2020, April 24). Di Tengah Covid-19, Investor Pasar Modal Meningkat 8%. https://idxchannel.okezone.com/. https://idxchannel.okezone.com/read/2020/04/24/278/2204352/di-tengah-covid-19-investor-pasar-modal-meningkat-8
Indopremier. (2021, June 10). Solusi Investasi Saham Dan Reksadana Terbaik. https://www.indopremier.com/
Karunia, A. M. (2020, August 4). Imbas Corona, Lebih dari 3,5 Juta Pekerja Kena PHK dan Dirumahkan Halaman all. KOMPAS.com. https://money.kompas.com/read/2020/08/04/163900726/imbas-corona-lebih-dari-3-5-juta-pekerja-kena-phk-dan-dirumahkan
KSEI. (2020, September). KSEI News.
Nurdiana, T. (2020, June 26). Ini lo 5 sektor yang mampu bertahan, bahkan tumbuh saat pandemi corona. kontan.co.id. http://nasional.kontan.co.id/news/ini-lo-5-sektor-yang-mampu-bertahan-bahkan-tumbuh-saat-pandemi-corona
Rahayu, A. C. (2020, August 12). Penjualan laptop di semester II 2020 diprediksi tumbuh lebih dari 50%. kontan.co.id. http://industri.kontan.co.id/news/penjualan-laptop-di-semester-ii-2020-diprediksi-tumbuh-lebih-dari-50
Soenarso, S. A. (2020, May 8). Banyak perusahaan mulai pailit karena pandemi covid-19, apa kata Kadin? kontan.co.id. http://industri.kontan.co.id/news/banyak-perusahaan-mulai-pailit-karena-pandemi-covid-19-apa-kata-kadin
Stephanie, C. (2020, July 13). Tren WFH Dongkrak Penjualan PC Dunia Kuartal II-2020. https://tekno.kompas.com/read/2020/07/13/15050047/tren-wfh-dongkrak-penjualan-pc-dunia-kuartal-ii-2020
Refbacks
- There are currently no refbacks.
Fakultas Ekonomi dan Bisnis | Universitas Pelita Harapan | Kampus Universitas Pelita Harapan | Gedung F Lt. 12 | Lippo Karawaci, Tangerang - 15811 | Telp 021-5460901 | Fax 54210992