Faktor - Faktor yang Mempengaruhi Proses Turnaround Perusahaan dengan Komisari Independen sebagai Variabel Moderator

Finishtya, Florentina Cindy (2015) Faktor - Faktor yang Mempengaruhi Proses Turnaround Perusahaan dengan Komisari Independen sebagai Variabel Moderator. Jurnal thesis, STIE YKPN.

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Abstract

This research has two objectives. Firstly, examining whether internal company factors such as severity of financial distress, efficiency, profitability, and liquidity are able to influence the success of the corporate turnaround that are experiencing financial distress. Secondly, determining whether the Independent Commissioner is able to moderate the relationship between the company's internal factors to the success of the process of the corporate turnaround. The data used in this research are the data acquired from ICMD. Financial years from 2009-2011 were processed into the independent, moderate and control variables, while the financial years since 2008-2013 were used as a benchmark to determine the success or failure status turnaround by using Z-score Altman Model (1968). This research used 50 manufacturing companies as a sample, this consists of 13 companies that were successful in doing turnaround and 37 companies that were failed, during 2008-2013 period. Logistic Regression Analysis was used to analyze the research. The result states that the model of analysis generates 75% rate of accuracy of prediction and showed that the efficiency, profitability and liquidity significantly influence a successful corporate turnaround process, while severity of financial distress is not significantly influence. Independent Commissioners are proven to be a moderate variable in this research and able to moderate the efficiency, profitability and liquidity toward a successful corporate turnaround progress, but it's not able to moderate severity of financial distress toward a successful turnaround progress.

Item Type: Thesis (Jurnal)
Additional Information: Tesis dapat dibaca di Perpustakaan dengan call number Fin f 288/2015
Uncontrolled Keywords: turnaround, efficiency, liquidity, profitability, severity of financial distress
Divisions: Program Pasca Sarjana > Jurnal Tesis Magister Akuntansi
Depositing User: Pustakawan STIE YKPN
Date Deposited: 09 Jul 2019 02:50
Last Modified: 09 Jul 2019 02:50
URI: http://repository.stieykpn.ac.id/id/eprint/269

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