Pengaruh Piutang Dagang dan Persediaan terhadap Cost of Financial Distress pada Perusahaan Manufaktur yang Terdaftar di BEI

Yuliastuti, Endah (2008) Pengaruh Piutang Dagang dan Persediaan terhadap Cost of Financial Distress pada Perusahaan Manufaktur yang Terdaftar di BEI. Jurnal thesis, STIE YKPN.

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Abstract

Financial distress analysis will be help decision maker to determine attitude with the distressed firms. The objective of this research is to test the influence of account receivables and inventories on costs of financial distress. Costs of financial distress are administrative and legal costs from liquidation/reorganization. Costs of financial distress are different from bankruptcy costs. Cost of financial distress can happen long time before default and they are quickly increasing as firm approaches the bankruptcy. The sample of this research consist of 89 manufacturing companies that listed in BEI at 2002-2006. The sample is choosen by using purposive sampling method. The measurement of costs of financial distress used adjusted median sales growth as its proxy. Measurement of decreasing of account receivables and inventories used dummy variables, that have a decrease if the variations in this ratio are lower than the 10th percentile. Data are analyzed using multiple regression analysis. The results of data analysis show that the decreasing of account receivables has a negative influence on costs of financial distress but the decreasing of inventories didn't has an influence on costs of financial distress.

Item Type: Thesis (Jurnal)
Additional Information: Tesis dapat dibaca di Perpustakaan dengan call number YUL p 133/2008
Uncontrolled Keywords: account receivables, inventories, costs of financial distress, financial distress
Divisions: Program Pasca Sarjana > Jurnal Tesis Magister Akuntansi
Depositing User: Pustakawan STIE YKPN
Date Deposited: 29 Jul 2019 07:34
Last Modified: 29 Jul 2019 07:34
URI: http://repository.stieykpn.ac.id/id/eprint/437

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