This paper identifies the vulnerability of household in Indonesia using both Balance Sheet and Financial Margin Approaches with coping strategy analysis in response to financial pressure. The result concluded that the household sector is solvent and sound with high interconnectivity with the non-financial corporation, particularly with banks. The heatmap coping strategies are in the moderate zone. However, it cumulatively tends to change to a high and extreme zone which potentially creates imbalances in the financial system in Indonesia.
This study aims to develop an Early Warning Indicator (EWI) that can provideearly signals in the presence of pressure on the financial condition of the corporatesector. Thus, efforts to prevent deeper deterioration can be anticipated earlier inorder to maintain the stability of the financial system. In the first stage, based on thecompany’s financial reports, the probable indicators are grouped into four categoriesi.e. liquidity indicator, solvency indicator, profitability indicator and activity indicator.The indicators, selected as EWI, are the indicators that can predict the occurrence ofcorporate distress events, in the Q1 of 2009, with the minimum statistical error. Theresults of the statistical evaluation showed that in terms of aggregate, the indicators ofDebt to Equity Ratio (DER), Current Ratio (CR), Quick Ratio (QR), Debt to Asset Ratio(DAR), Solvability Ratio (SR) and Debt Service Ratio (DSR) signal within a year beforea distress event occurs in the Q1 of 2009. Thus, these indicators can be considered asEWI in the presence of corporate financial distress.
Penelitian ini bertujuan untuk mengetahui pengaruh Struktur Modal, Profitabilitas dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan Pada PT Astra International Tbk Periode 2010-2020. Metode yang digunakan adalah metode deskriptif dan verifikatif. Metode penentuan sampel dengan metode purposive sampling, dengan beberapa kriteria yang telah ditentukan maka jumlah sampel adalah sebanyak 1 perusahaan manufaktur yaitu PT Astra International Tbk. Data penelitian merupakan data sekunder diperoleh dari www.idx.co.id tahun 2010 sampai dengan tahun 2020. Teknik analisis data yang digunakan untuk menjawab masalah Struktur Modal, Pertumbuhan Perusahaan, profitabilitas dan Nilai perusahaan menggunakan analisis deskriptif dan verifikatif dengan menggunakan analisis regresi berganda. Hasil penelitian ini menyatakan bahwa (1) Secara parsial, Struktur Modal (DER) berpengaruh terhadap Nilai Perusahaan. (2) Secara parsial, Profitabilitas (ROE) berpengaruh terhadap Nilai Perusahaan. (3) Secara parsial, Pertumbuhan Perusahaan (Growth) berpengaruh terhadap Nilai Perusahaan. (4) Secara simultan, Struktur Modal (DER), Profitabilitas (ROE) dan Pertumbuhan Perusahaan (Growth) secara bersama-sama berpengaruh signifikan terhadap Nilai Perusahaan. Kata Kunci: Struktur Modal (DER), Profitabilitas (ROE), dan Pertumbuhan Perusahaan (Growth)
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