This document summarizes 7 studies on factors affecting financial distress in companies. The studies used variables such as gender diversity, location of directors, independent boards, auditor qualifications, leverage, operating risk, size, profitability, liquidity, price-to-book value, and macroeconomic indicators. The statistical methods used included logistic regression and regression analysis. Most studies found that factors like leverage, liquidity, profitability, and size significantly impacted financial distress, while some factors like gender diversity and locations did not. The studies recommended using additional variables and samples from other industries and countries in future research.
This document summarizes 7 studies on factors affecting financial distress in companies. The studies used variables such as gender diversity, location of directors, independent boards, auditor qualifications, leverage, operating risk, size, profitability, liquidity, price-to-book value, and macroeconomic indicators. The statistical methods used included logistic regression and regression analysis. Most studies found that factors like leverage, liquidity, profitability, and size significantly impacted financial distress, while some factors like gender diversity and locations did not. The studies recommended using additional variables and samples from other industries and countries in future research.
This document summarizes 7 studies on factors affecting financial distress in companies. The studies used variables such as gender diversity, location of directors, independent boards, auditor qualifications, leverage, operating risk, size, profitability, liquidity, price-to-book value, and macroeconomic indicators. The statistical methods used included logistic regression and regression analysis. Most studies found that factors like leverage, liquidity, profitability, and size significantly impacted financial distress, while some factors like gender diversity and locations did not. The studies recommended using additional variables and samples from other industries and countries in future research.
1 Farida Titik Kristanti, Sri The Determinant of Y = Financial Distress Logistic X1 →- Y Untuk penelitian selanjutnya Rahayu, dan Akhmad Financial Distress on X1 = Gender regression X2 →- Y disarankan menggunakan Nurul Huda Indonesian Family Firm Diversity X3 →- Y kombinasi variabel Procedia Social and X2 = Location of X4 →- Y keuangan, corporate Behavioral Sciences Vol. Director’s House X5 X Y governance dan variabel 219 pp. 440-447. 2016 X3 = Independent X6 →- Y yang menunjukkan kondisi Board X7 X Y makro ekonomi dan X4 = Kualitas CEO X8 X Y dilakukan di bisnis kecil. X5 = Auditor X9 X Y Qualification X10 →+ Y X6 = Leverage X11 X Y X7 = Operating Risk X8 = Size X9 = Profitabilitas X10 = Likuiditas X11 = PBV 2 Monsterrat Manzaneque, Corporate governance Y = Financial distress Analisis X1 X Y Alba María Priego, dan effect on financial X1 = kepemilikan regresi X2 →- Y Elena Meriono distress likelihood: institusional logistik X3 X Y Spanish Accounting Evidence from Spain X2 = kepemilikan X4 →- Y Review Bol. 19, No. 1, pg. dewan X5 →- Y 111-121, 2016 X3 = dualitas CEO X4 = proporsi direktur independen X5 = ukuran dewan 3 Mohd Norfian Alifiah Prediction of Financial Y = Financial Distress Analisis X1 →- Y Untuk penelitian selanjutnya Procedia Social and Distress Company in X1 = rasio utang regresi X2 →+ Y bisa menggunakan cash flow Behavioral Sciences Vol. the Trading and X2 = rasio aktivitas logistik X3 X Y based ratio sebagai variabel 129 pp. 90 – 98. 2014 Services Sector in X3 = rasio likuiditas X4 X Y independen dalam Malaysia using X4 = quick ratio X5 →- Y memprediksi financial Macroeconomic X5 = working capital X6 →- Y distress di perusahaan. Variables ratio X7 →+ Y X6 = ROA X8 X Y X7 = base lending rate X9 X Y ratio X10 X Y X8 = GDP X11 X Y X9 = money supply X10 = Indeks harga konsumen X11 = KLCI (kuala lumpur composite index) 4 Ahmed Hasan Jamal dan The Impact of Y = Financial Distress Analisis X1 →- Y - Syed Zulfiqar Ali Shah Corporate Governance X1 = Ukuran Dewan regresi X2 →- Y Jinnah Business Review on the Financial X2 = Dualitas CEO X3 →- Y Vol. 5, No. 2, pp. 49-53, Distress: Evidence from X3 = Komposisi X4 X Y July 2017 Pakistani Listed Dewan Companies X4 = Komite Audit X5 = Profitabilitas 5 Rifky Adhi Prasetyo dan Analysis of Factors Y = Financial distress Analisis X1 X Y Untuk penelitian selanjutnya Fachrurrozie Effecting on The X1 = rasio solvabilitas regresi X2 X Y disarankan menambahkan Accounting Analysis Probability of Financial X2 = rasio likuiditas logistik X3 →- Y variabel lain seperti Journal. Vol. 5, No. 4, Distress X3 = rasio aktivitas X4 X Y kepemilikan publik atau 2016 X4 = kepemilikan X5 X Y kepemilikan keluarga atau manajerial X6 X Y variabel lain yang berbeda X5 = kepemilikan dari penelitian ini. Untuk institusional penelitian selanjutnya X6 = ukuran disarankan menggunakan perusahaan proxy lain untuk mengukura financial distress. 6 Sarwo Kuncoro dan Linda Factors to Predict the Y = Financial distress Analisis X1 X Y Untuk penelitian selanjutnya Agustina Financial DistressX1 = GCG regresi X2 →- Y disarankan menggunakan Accounting Analysis Condition of theX2 = ROA logistik X3 X Y perusahaan lain seperti Journal Vol. 6, No. 1, Banking Listed in The X3 = LDR X4 →+ Y perusahaan manufaktur, 2017 Indonesia Stock X4 = CAR X5 X Y property and trade, dan lain- Exchange X5 = TAG X6 X Y lain untuk mengetahui efek X6 = NPL X7 X Y financial distress perusahaan X7 = PER X8 X Y di Indonesia. X8 = PVB 7 Tiara Widya Antikasari Memprediksi Financial Y = Financial distress Analisis X1 →+ Y Untuk penelitian selanjutnya dan Djuminah Distress dengan Binary X1 = profitabilitas regresi X2 →- Y sebaiknya menggunakan Jurnal Keuangan dan Logit Regression X2 = likuiditas logistik X3 →- Y ukuran lain untuk Perbankan, Vol. 21, No. 2, Perusahaan X3 = rasio aktivitas X4 →+ Y memproksikan kondisi pg. 265-275, 2017 Telekomunikasi X4 = leverage financial distress perusahaan atau menggunakan lebih dari satu proksi dalam menentukan financial distress seperti interest coverage ratio, nilai buku ekuitas negatif, dan arus kas negatif, maupun menggunakan faktor ekonomi makro yang dapat digunakan untuk memprediksi kondisi financial distress perusahaan. 8 Dan Hu dan Haiyen Zheng Does ownership Y = Financial distress Analisis X1 →- Y - Journal of Accounting in structure affect the X1 = Konsenstrasi regresi X2 →- Y Emerging Economies Vol. degree of corporate kepemilikan X3 →+ Y 5, No. 1, pp.35-50, 2015 financial distress in X2 = Komponen China? kepemilikan X3 = Pemisahan kepemilikan 9 Erlindasari Widyasaputri Analisis Mekanisme Y = Financial distress Analisis X1 X Y - Accounting Analysis Corporate Governance X1 = kepemilikan deskriptif X2 X Y Journal Vol. 1, No. 2, pada Perusahaan yang manajerial menggunakan X3 → Y 2012 Mengalami Kondisi X2 = kepemilikan regresi X4 X Y Financial Distress institusional berganda X3 = ukuran dewan direksi X4 = ukuran dewan komisaris 10 Xavier Brédart Financial Distress and Y = Financial distress Binary logit X1 →- Y Untuk penelitian selanjutnya International Business Corporate Governance: X1 = Ukuran dewan regression X2 X Y bisa menggunakan dataset Research Vol. 7, No. 3, The Impact of Board X2 = Dewan X3 X Y informasi yang lebih rinci 2014 Configuration komisaris independen X4 X Y mengenai financial distress X3 = Aktivitas dewan yang menyebabkan X4 = Dualitas CEO perusahaan-perusahaan mengajukan kebangkrutan.