Financial Factors and Non-Financial to Financial Distress Insurance Companies That Listed in Indonesia Stock Exchange

Liahmad Liahmad, Kartika Rusnindita, Yuni Putri Utami, Saleh Sitompul

Abstract


This study aims to test the influence of financial factors in the form of liquidity, cash flow, company size, institutional ownership, earnings and the factors of non-financial form of the independent commissioner against the financial distress of insurance companies that listed in Indonesia stock Exchange. The population of this research as many as 17 of the insurance company. The sampling technique using purposive sampling method, so that the obtained 15 sample company for 4 years of observations of the years 2017 - 2020, with 60 observations of the study. Data analysis using descriptive statistical analysis and logistic regression analysis. The results show that liquidity, cash flows, institutional ownership and independent commissioner does not affect significantly to financial distress, while the method of the size of the company and profit and significant effect on financial distress.


Keywords


financial factor; factor non-financial; financial distress

Full Text:

PDF

References


Afiezan, A., et al. (2020). The Effect of Free Cash Flow, Company Size, Profitability and Liquidity on Debt Policy for Manufacturing Companies Listed on IDX in 2016-2019 Periods. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). P. 4005-4018.

Chrisnanda, Daniella Okke. 2014. “Analisis Penerapan Good Corporate Governance pada Perusahaan Keluarga PT. Danliris di Surakarta, Jawa Tengah”. Agora Vol 2 No 2.

Darmawan, Arif dan Supriyanto, Joko. 2018. “The Effect of Financial Ratio on Financial Distress in Predicting Bankruptcy.” Journal Of Applied Managerial Accounting, Vol. 2, No. 1. March, 2018Deviacita, Arieany Widya dan Achmad, Tarmizi. 2012. “Analisis

Ghozali, Imam. 2016. Aplikasi Analisis Multivariate dengan Program SPSS. Edisi Ke 4. Semarang: Badan Penerbit Universitas Diponegoro.

Harahap, Sofyan Syafri. 2011. Teori Akuntansi. Edisi Revisi 2011. Jakarta: Rajawali Pers.

Helena, Savera dan Saifi, Muhammad. 2018. “Pengaruh Corporate governance Terhadap Financial Distress (Studi Pada Perusahaan Transportasi yang Terdaftar di Bursa Efek Indonesia Periode 2013-2016)”. Jurnal Administrasi Bisnis (JAB), Vol. 60 No. 2 Juli 2018.

Kuncoro, Mudrajad. 2013. Metode Riset untuk Bisnis dan Ekonomi. Edisi 4. Jakarta: Erlangga.

Social Science, Education and Humanities Research (ASSEHR), volume 186.

Frastuti, Melia dan Saleh Sitompul.2020. Reformasi Sistem Administrasi Pemerintahan, Penakhlukkan Di Darat Dan Dilautan Pada Era Bani Umayyah. Shar-E: Jurnal Kajian Ekonomi Hukum Syariah. Vol. 6 No. 2 Juli 2020, Hal. 119-127.

Nailufar, Fanny., Sufitrayati dan Badaruddin. 2018. “Pengaruh Laba dan Arus Kas Terhadap Kondisi Financial Distress Pada Perusahaan Non Bank Yang Terdaftar Di Bursa Efek Indonesia”. Jurnal Penelitian Ekonomi Akuntansi (JENSI), Vol. 2, Desember 2018.

Nurhudawi, Saleh Sitompul. 2020. Analisis Return Saham Pada Perusahaan Pertambangan Batubara Di Bursa Efek Indonesia. Shar-E: Jurnal Kajian Ekonomi Hukum Syariah. Vol. 6 No. 2 Juli 2020, Hal. 108-116.

Ichsan, R. et al. (2020). Determinant of Sharia Bank's Financial Performance during the Covid19 Pandemic. Budapest International Research and Critics Institute-Journal (BIRCIJournal). P. 298-309.

Rahayu, S. et al. (2020). Effect Of Work To Family Conflict And Work Stress On Organizational Commitments With Work Satisfaction As Intervening Variables. International Journal For Innovative Research In Multidisciplinary Field. Vol. 6, Issue 7, July – 2020: 10-17. Permono, Iswardono S dan Darmawan. 2010. “Analisis Efisiensi Industri Perbankan di Indonesia (Studi kasus Bank-Bank Devisa di Indonesia Tahun 1991-1996)”. Jurnal Ekonomi dan Bisnis Indonesia. Universitas Gajah Mada. Yogyakarta.

Sitompul, S. 2018. Pengaruh ukuran perusahaan, kebijakan pendanaan, Risk based capital (RBC), pertumbuhan premi netto dan laba perusahaan terhadap nilai perusahaan pada perusahaan Asuransi yang terdaftar di Bursa Efek Indonesia. Universitas Sumatera Utara.

Sitompul, S. (2019). Pengaruh Motivasi Dan Kepemimpinan Terhadap Prestasi Kerja Pada PT. PLN (Persero) Unit Induk Pembangunan II Medan. Jurnal Ilmiah METADATA, 1(2), 93-105.

Sitompul, Saleh dan Nasution, Siti Khadijah. 2019. The Effect of Car, BOPO, NPF, and FDR on Profitability of Sharia Commercial Banks in Indonesia. E-ISSN: 2615-3076. Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences. Vol. 2. No. 3.

Sitompul, Saleh dan Siti Khadijah. 2020. Analysis Net Profit, Dividend, Debt, Cash Flow, and Capital Net Working That Influence Investment Decisions on Manufacturing Companies. International Journal of Research and Review. Vol.7; Issue: 3; March 2020.

Sutawijaya, Adrian dan Etty Puji Lestari. 2019. “Efisiensi Teknik Perbankan Indonesia Pasca krisis Ekonomi :Sebuah Studi Empiris Penerapan Model DEA”. Jurnal Ekonomi Pembangunan, Vol. 10, No. 1, Juni 2019.




DOI: https://doi.org/10.33258/birci.v4i1.1757

Article Metrics

Abstract view : 486 times
PDF - 271 times

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.