Veronica, M. Sienly (2014) Analisis Faktor Makro Ekonomi dan Faktor Kinerja Keuangan sebagai Pembentuk Model Prediksi Kebangkrutan Perusahaan (Studi pada Perusahaan Tercatat di BEI pada Papan Pengembang dengan Sektor Perdagangan, Jasa dan Investasi) Periode 2009-2012. In: Forum Manajemen Indonesia 6: Entrepreneurial Management, November 2014, Medan.
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Abstract
Nowadays the company with small and medium capitalization is experiencing growth particularly in trade and services sector, beside that the small and medium capitalization companies are more resilient in an economic crisis than the companies with big capitalization, where it can be seen that in the financial crisis many big capitalization companies went bankrupt than the small and medium capitalization companies. Thus, in order to avoid bankruptcy, the company with small and medium capitalization need to know the macroeconomic factors and financial performance factors that impact the company bankruptcy. To perform this study, the researcher took sample using a sampling technique that is non-probabilistic sampling especially purposive sampling to obtain a sample of 54 companies listed on the Indonesia Stock Exchange in board development especial at trade, services and investment sector with the study period of 2009 – 2012. Data used in this study are financial ratios to measure financial performance and inflation, interest rates, exchange rates and the amount of GDP to measure the macroeconomic factors. Data analysis method used is logistic regression with a significant level α of 5%. The result by testing the hypothesis is the only financial performance factors that measure by financial ratios such as current ratio (CR), quick ratio (QR), total asset turnover (TATO), inventory turnover and receivables turnover to give effect to the company bankruptcy with the bankruptcy prediction models is: Log Y = -1.443 + 2,674CR - 2,480QR + 0,961Inventory Turnover - 1,352TATO - 0,590Receivable Turnover and the accuracy of predictions by the model is 85.6%. Based on the result it can be concluded that the small and medium capitalization company in trade, services and investment sector needs to pay more attention at financial performance, especially the current ratio (CR), quick ratio (QR), total asset turnover (TATO), inventory turnover and receivables turnover to avoid bankruptcy.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | small and medium capitalization company, financial performance factors and macroeconomic factors. |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Depositing User: | Perpustakaan Maranatha |
| Date Deposited: | 14 Jan 2016 02:07 |
| Last Modified: | 14 Jan 2016 02:07 |
| URI: | http://repository.maranatha.edu/id/eprint/18132 |
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