FINANCIAL DISTRESS PREDICTION OF FINANCIAL SECTOR SERVICE COMPANIES ON INDONESIAN STOCK EXCHANGE USING COX PROPORTIONAL HAZARD
A company that cannot compete with its competitors is likely to experience financial difficulties or commonly referred to as financial distress. Financial distress is a stage of a decline in the company's financial condition or a situation of financial difficulty that occurred before the compan...
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| Format: | Article |
| Language: | English |
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Universitas Pattimura
2022-09-01
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| Series: | Barekeng |
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| Online Access: | https://ojs3.unpatti.ac.id/index.php/barekeng/article/view/5006 |
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| author | Candra Yanuar Dwi Putra Mohamat Fatekurohman Dian Anggraeni |
| author_facet | Candra Yanuar Dwi Putra Mohamat Fatekurohman Dian Anggraeni |
| author_sort | Candra Yanuar Dwi Putra |
| collection | DOAJ |
| description | A company that cannot compete with its competitors is likely to experience financial difficulties or commonly referred to as financial distress. Financial distress is a stage of a decline in the company's financial condition or a situation of financial difficulty that occurred before the company went bankrupt. This study aims to determine the factors that can predict a company experiencing financial distress. The factors suspected in this study include leverage, profitability, company size, free cash flow and sales growth. The method used is the Cox Proportional Hazard model. The research data is data on financial sector service companies listed on the Indonesia Stock Exchange (IDX) for 5 years of observation, namely from 2016 to 2020. Based on the results of the analysis of financial distress predictions using the Cox Proportional Hazard model, it is found that the factors that have a significant effect on predicting companies experiencing financial distress are: financial distress, namely profitability and company size. |
| format | Article |
| id | doaj-art-68461bf96da14edaa346c96fe55ec844 |
| institution | Kabale University |
| issn | 1978-7227 2615-3017 |
| language | English |
| publishDate | 2022-09-01 |
| publisher | Universitas Pattimura |
| record_format | Article |
| series | Barekeng |
| spelling | doaj-art-68461bf96da14edaa346c96fe55ec8442025-08-20T04:01:48ZengUniversitas PattimuraBarekeng1978-72272615-30172022-09-011631105111410.30598/barekengvol16iss3pp1105-11145006FINANCIAL DISTRESS PREDICTION OF FINANCIAL SECTOR SERVICE COMPANIES ON INDONESIAN STOCK EXCHANGE USING COX PROPORTIONAL HAZARDCandra Yanuar Dwi Putra0Mohamat FatekurohmanDian AnggraeniJember UniversityA company that cannot compete with its competitors is likely to experience financial difficulties or commonly referred to as financial distress. Financial distress is a stage of a decline in the company's financial condition or a situation of financial difficulty that occurred before the company went bankrupt. This study aims to determine the factors that can predict a company experiencing financial distress. The factors suspected in this study include leverage, profitability, company size, free cash flow and sales growth. The method used is the Cox Proportional Hazard model. The research data is data on financial sector service companies listed on the Indonesia Stock Exchange (IDX) for 5 years of observation, namely from 2016 to 2020. Based on the results of the analysis of financial distress predictions using the Cox Proportional Hazard model, it is found that the factors that have a significant effect on predicting companies experiencing financial distress are: financial distress, namely profitability and company size.https://ojs3.unpatti.ac.id/index.php/barekeng/article/view/5006financial distressanalisis survivalcox proportional hazard |
| spellingShingle | Candra Yanuar Dwi Putra Mohamat Fatekurohman Dian Anggraeni FINANCIAL DISTRESS PREDICTION OF FINANCIAL SECTOR SERVICE COMPANIES ON INDONESIAN STOCK EXCHANGE USING COX PROPORTIONAL HAZARD Barekeng financial distress analisis survival cox proportional hazard |
| title | FINANCIAL DISTRESS PREDICTION OF FINANCIAL SECTOR SERVICE COMPANIES ON INDONESIAN STOCK EXCHANGE USING COX PROPORTIONAL HAZARD |
| title_full | FINANCIAL DISTRESS PREDICTION OF FINANCIAL SECTOR SERVICE COMPANIES ON INDONESIAN STOCK EXCHANGE USING COX PROPORTIONAL HAZARD |
| title_fullStr | FINANCIAL DISTRESS PREDICTION OF FINANCIAL SECTOR SERVICE COMPANIES ON INDONESIAN STOCK EXCHANGE USING COX PROPORTIONAL HAZARD |
| title_full_unstemmed | FINANCIAL DISTRESS PREDICTION OF FINANCIAL SECTOR SERVICE COMPANIES ON INDONESIAN STOCK EXCHANGE USING COX PROPORTIONAL HAZARD |
| title_short | FINANCIAL DISTRESS PREDICTION OF FINANCIAL SECTOR SERVICE COMPANIES ON INDONESIAN STOCK EXCHANGE USING COX PROPORTIONAL HAZARD |
| title_sort | financial distress prediction of financial sector service companies on indonesian stock exchange using cox proportional hazard |
| topic | financial distress analisis survival cox proportional hazard |
| url | https://ojs3.unpatti.ac.id/index.php/barekeng/article/view/5006 |
| work_keys_str_mv | AT candrayanuardwiputra financialdistresspredictionoffinancialsectorservicecompaniesonindonesianstockexchangeusingcoxproportionalhazard AT mohamatfatekurohman financialdistresspredictionoffinancialsectorservicecompaniesonindonesianstockexchangeusingcoxproportionalhazard AT diananggraeni financialdistresspredictionoffinancialsectorservicecompaniesonindonesianstockexchangeusingcoxproportionalhazard |