FAKTOR-FAKTOR YANG MEMPENGARUHI FINANCIAL DISTRESS PERUSAHAAN TERDAMPAK COVID-19 DI ASEAN

AURELLIE ZULFA ISLAMY, . (2022) FAKTOR-FAKTOR YANG MEMPENGARUHI FINANCIAL DISTRESS PERUSAHAAN TERDAMPAK COVID-19 DI ASEAN. Sarjana thesis, UNIVERSITAS NEGERI JAKARTA.

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Abstract

Penelitian ini bertujuan untuk menguji profitabilitas, arus kas aktivitas operasi, dan kepemilikan manajerial terhadap probabilitas financial distress pada perusahaan yang paling terdampak pandemi Coronavirus Disease 2019 (COVID-19) di Association of Southeast Asian Nations (ASEAN). Pada penelitian ini, profitabilitas diukur menggunakan Return on Asset (ROA), arus kas aktivitas operasi diukur menggunakan Operating Cash Flow Ratio (OCFR), dan kepemilikan manajerial diukur melalui persentase lembar saham manajemen perusahaan terhadap total lembar saham beredar. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder melalui metode dokumentasi. Data diperoleh dari laman bursa efek masing-masing negara anggota ASEAN, yaitu Bursa Efek Indonesia (BEI), Bursa Malaysia (MYX), Singapore Stock Exchange (SGX), the Stock Exchange of Thailand (SET), the Philippine Stock Exchange, Inc. (PSE), Lao Securities Exchange (LSX), Cambodia Securites Exchange (CSX), Yangon Stock Exchange (YSX), HoChiMinh Stock Exchange (HOSE), laman resmi perusahaan dan laman pendukung lainnya melalui laporan keuangan, laporan arus kas, dan laporan tahunan perusahaan. Populasi pada penelitian ini adalah seluruh perusahaan sektor travel and tourism sebagai sektor yang paling terdampak COVID-19 di ASEAN yang terdaftar di bursa efek masing-masing negara ASEAN. Sampel penelitian dipilih dengan teknik purposive sampling melalui lima kriteria pemilihan sampel sehingga menghasilkan jumlah sampel observasi sebesar 114 perusahaan selama periode penelitian tahun 2020. Penelitian ini menggunakan metode analisis regresi logistik melalui aplikasi Microsoft Excel dan Statistical Package Social Sciences (SPSS) 25. Hasil dari penelitian ini menunjukkan bahwa profitabilitas berpengaruh negatif terhadap probabilitas financial distress, arus kas aktivitas operasi berpengaruh positif terhadap probabilitas financial distress, dan kepemilikan manajerial tidak berpengaruh terhadap probabilitas financial distress. Peneliti selanjutnya disarankan untuk menambah variabel independen, menggunakan proksi lain, dan memperluas sektor perusahaan serta wilayah penelitian. Kata Kunci: financial distress, profitabilitas, arus kas aktivitas operasi, kepemilikan manajerial, COVID-19 This study aims to examine profitability, operating activity cash flow, and managerial ownership on the probability of financial distress on the companies which most affected by the Coronavirus Disease 2019 (COVID-19) pandemic in the Association of Southeast Asian Nations (ASEAN). In this study, profitability is measured using Return on Assets (ROA), operating cash flow is measured using the Operating Cash Flow Ratio (OCFR), and managerial ownership is measured by the percentage of company management shares to the total outstanding shares. This study uses a quantitative approach with secondary data through the documentation method. The data was obtained from the stock exchange website of each member country of the ASEAN, namely the Indonesia Stock Exchange (IDX), the Stock Exchange of Malaysia (MYX), Singapore Stock Exchange (SGX), the Stock Exchange of Thailand (SET), the Philippine Stock Exchange, Inc. (PSE), Lao Securities Exchange (LSX), Cambodia Securities Exchange (CSX), Yangon Stock Exchange (YSX), HoChiMinh Stock Exchange (HOSE), the company's official website and another complementing websites through financial reports, cash flow reports, and annual reports. The population in this study is all companies in the travel and tourism sector as the sector most affected by COVID-19 in ASEAN which are listed on the stock exchanges of each ASEAN country. The research sample was selected by purposive sampling technique with five sample selection criteria and resulted to a total sample of 114 companies during the 2020 research period. This study used logistic regression analysis using Microsoft Excel and the Statistical Package Social Sciences (SPSS) 25. The results of this study indicate that profitability has a negative effect on the probability of financial distress, operating activity cash flow has a positive effect on the probability of financial distress, and managerial ownership has no effect on the probability of financial distress. Further researchers are advised to add independent variables, use other proxies, and expand the company sector and research area. Keywords: financial distress, profitability, operating activity cash flow, managerial ownership, COVID-19

Item Type:	Thesis (Sarjana)
Additional Information:	1). Unggul Purwohedi, S.E., M.Si., Ph.D., CMA. ; 2). Dr. Rida Prihatni, S.E., M.Si., Ak., CA., CMA.
Subjects:	Ilmu Sosial > Teori Ekonomi Manajemen > Manajemen , Business
Divisions:	FE > S1 Akuntansi
Depositing User:	Users 14181 not found.
Date Deposited:	07 Mar 2022 05:54
Last Modified:	07 Mar 2022 05:54
URI:	http://repository.unj.ac.id/id/eprint/23676

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