Factors Affecting Financial Distress in Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange in 2016–2020

Bibliographic Data

ID22213451
AuthorsTina Novianti Sitanggang (Universitas Prima Indonesia), Cindy Cindy, Hansen Hansen (0000-0003-1275-4224), Jesslyn Jesslyn, Cynthia Cynthia
Year2021
Volume4
Issue2
Pages3213-3219
Publication date2021-06-24
Open AccessYes
TypeARTICLE
VenueBudapest International Research and Critics Institute (BIRCI-Journal) Humanities and Social Sciences (JOURNAL)
Journal identifiersISSN: 2615-1715 • E-ISSN: 2615-3076
PublisherBudapest International Research and Critics Institute (PUBLISHER)
DOI10.33258/birci.v4i2.2057
OpenAlexW3174121151
LanguageEN
References cited1

This study was conducted to determine the factors affecting financial distress in Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange in 2016–2020. The data used is sourced from the company's financial statements on the Indonesia Stock Exchange, and the sample has been selected based on predetermined criteria. The population in this study are all Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange in 2016–2020 totaling 30 companies, with purposive sampling method, the sample received is 12 companies. From this research, it can be seen that sales growth and working capital turnover partially effect financial distress significantly. Institutional ownership and debt to equity ratio have an insignificant effect on financial distress. All variables have a significant effect on financial distress simultaneously

Business · Debt · Debt-to-equity ratio · Financial distress · Financial ratio · Financial system · Nonprobability sampling · Population · Stock exchange · Working capital · Corporate Governance and Financial Management · Engineering · Financial Distress and Bankruptcy Prediction · Working Capital and Financial Performance · Finance

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Open DOIOpen Access