Influence of Company age and Profitability on the Financial Distress of IDX Listed Manufacturing Companies 2020-2022
Abstract
Purpose: This research was conducted to test whether the age of the company, along with its profitability, impacts its company's financial difficulties. For this reason, the research that was carried out later had the main objectives, namely to find out 1) whether profitability has an impact on financial distress, and 2) whether the age of the company also has an impact on the financial distress of manufacturing companies.
Design/Methodology/Approach: In order to be able to answer various possible answers, this study uses a quantitative methodology by analyzing financial statement data for manufacturing companies listed on the IDX during the 2020-2022 period. There were target companies, namely there were 8 companies that would be analyzed. All data would be analyzed using multiple linear regression tests to prove the effect of the two independent variables.
Findings: The results showed that 1) the profitability of manufacturing companies has a positive effect on the financial distress experienced by the company; and 2) The age of the company has a relationship or influence on financial distress.
Implications/Originality/Value: These results gave us an understanding to carry out management accounting analysis to find out how likely it would be faced in cases of financial difficulties that would be experienced by each company.
Downloads
Article Analytics Summary
References
Affiah, A., & Muslih, M. (2018). Pengaruh Leverage, Profitabilitas, Dan Good Corporate Governance Terhadap Financial Distress (Studi Kasus pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2012-2016). Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan Dan Akuntansi, 10(2), 241–256. https://jurnal.polban.ac.id/akuntansi/article/view/1213 DOI: https://doi.org/10.34010/jra.v10i2.1180
Agustin, E. (2016). Analisis Rasio Keuangan untuk Penilaian Kinerja Keuangan pada PT. Indofarma (persero) Tbk. (Berdasarkan Keputusan Menteri BUMN Nomor :KEP- 100/MBU/2002). Jurnal Ilmu & Riset Manajemen, 5(7), 103–115.
Agustina, Rahayu, W. P., Wangsih, I. C., & Kalbuana, N. (2019). Pengaruh Profitabilitas, Likuiditas Dan Leverage Terhadap Prediksi Kondisi Financial Distress. SITRA, 1(2), 123–134. https://doi.org/10.53363/buss.v1i3.18 DOI: https://doi.org/10.58872/si.v2i2.82
Arikunto, S. (2019). Prosedur Penelitian: Suatu Pendekatan Praktik. Rineka Cipta.
Astuti, P. (2014). Analisis Pengaruh Opini Going Concern, Likuiditas, Solvabilitas, Arus Kas, Umur Perusahaan, dan Ukuran Perusahaan Terhadap Kemungkinan Financial Distress (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2010-2013) [Universitas Diponegoro]. http://eprints.undip.ac.id/45462/
Dewi, M. (2017). Analisis Rasio Keuangan untuk Mengukur Kinerja Keuangan PT Smartfren Telecom, Tbk. Jurnal Penelitian Ekonomi Akuntansi (JENSI), 1(1), 1–14.
Isayas, Y. N. (2021). Financial distress and its determinants: Evidence from insurance companies in Ethiopia. Cogent Business and Management, 8(1), 1–16. https://doi.org/10.1080/23311975.2021.1951110 DOI: https://doi.org/10.1080/23311975.2021.1951110
Jessica, J., & Triyani, Y. (2022). Pengaruh Struktur Modal, Likuiditas , Ukuran Perusahaan Dan Umur Perusahaan Terhadap Kinerja Keuangan. Jurnal Akuntansi, 11(2), 138–148. https://doi.org/10.46806/ja.v11i2.891 DOI: https://doi.org/10.46806/ja.v11i2.891
Maronrong, R., Suriawinata, I. S., & Septiliana, S. (2022). Pengaruh Profitabilitas, Leverage, Operating Capacity dan Corporate Governance terhadap Financial Distress Perusahaan Ritel di BEI Tahun 2011-2017. Jurnal Akuntansi Dan Manajemen, 19(02), 91–103. https://doi.org/10.36406/jam.v19i02.743 DOI: https://doi.org/10.36406/jam.v19i02.743
Nugroho, W. A. (2020). Pengaruh struktur modal, profitabilitas, pertumbuhan perusahaan dan ukuran perusahaan terhadap nilai perusahaan. UIN Sunan Ampel Surabaya.
Purwaningsih, E., & Safitri, I. (2022). Pengaruh Profitabilitas, Likuiditas, Leverage, Rasio Arus Kas, dan Ukuran Perusahaan terhadap Financial Distress. JAE : Jurnal Akuntansi Dan Ekonomi, 7(2), 147–156. https://doi.org/10.29407/jae.v7i2.17707 DOI: https://doi.org/10.29407/jae.v7i2.17707
Riyanti, M. (2021). Pengaruh Likuiditas, Profitabilitas, dan Solvabilitas Terhadap Kondisi Financial Distress Pada Perusahaan Jasa Transportasi yang terdaftar di BEI. Politeknik Harapan Bersama.
Rizaky, Z. A., & Dillak, V. J. (2020). Pengaruh Rasio Likuiditas, Solvabilitas dan Umur Perusahaan Terhadap Kondisi Financial Distress (Studi Pada Perusahaan Pertambangan di Sub Sektor Pertambangan Batu Bara Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2018). E-Proceding Management, 7(2), 3210–3219.
Sembiring, S., & Trisnawati, I. (2019). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan. Jurnal Bisnis Dan Akuntansi, 21(1), 173–184. http://jurnaltsm.id/index.php/JBA DOI: https://doi.org/10.34208/jba.v21i2.617
Sitanggang, A. V., Ramdhani, R. T., Gunawan, R. A., Santika, S., & Ernawati, T. (2021). PENGARUH LAPORAN ARUS KAS, UMUR PERUSAHAAN, DAN UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN (Studi Empiris Perusahaan LQ45 yang terdaftar di BEI Periode 2018-2020). SCIENTIFIC JOURNAL OF REFLECTION : Economic, Accounting, Management and Business, 4(4), 775–783. https://doi.org/10.37481/sjr.v4i4.382 DOI: https://doi.org/10.37481/sjr.v4i4.382
Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif dan R&D (Sutopo (ed.)). Alfabeta.
Suhendah, R., & Anggasta, G. (2020). Pengaruh Ukuran Perusahaan, Profitabilitas, Dividen Dan Umur Perusahaan Terhadap Nilai Perusahaan. Jurnal Paradigma Akuntansi, 2(2), 586–593. https://doi.org/10.24912/jpa.v2i2.7623 DOI: https://doi.org/10.24912/jpa.v2i2.7623
Susanto, H. (2019). Analisis Rasio Keuangan Untuk Mengukur Kinerja Keuangan Pemerintah Daerah Kota Mataram. Distribusi - Journal of Management and Business, 7(1), 81–92. https://doi.org/10.29303/distribusi.v7i1.67 DOI: https://doi.org/10.29303/distribusi.v7i1.67
Theresa, S., & Pradana, M. N. R. (2022). Pengaruh Profitabilitas, Arus Kas, Good Corporate Governance dan Umur Perusahaan Terhadap Financial Distress. Jurnal EMBA, 10(1), 250–259.
Ulum, I. (2017). Intelectual Capital : Model Pengukuran, Framework Pengungkapan dan Kinerja Organisasi. UMM Press. https://books.google.co.id/books?id=e25jDwAAQBAJ&lpg=PP1&ots=v82np8S-XH&dq=teori pensinyalan (signaling theory) pdf&lr&hl=id&pg=PR2#v=onepage&q&f=false
Wulandari, R. (2019). Pengaruh Likuiditas Dan Profitabilitas Terhadap Kondisi Financial Distress Pada Perusahaan Sub Sektor Batu Bara Yang Terdaftar di BEI Periode 2015-2018. Jurnal Akuntansi, 1(1), 1–14.
Yulianti, D., & Rahmah, N. A. (2022). Pengaruh Persistensi Laba, Profitabilitas Dan Ukuran Perusahaan Terhadap Kualitas Laba Pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman Yang Terdaftar di BEI Tahun 2016 - 2020. ACCOUNTING GLOBAL JOURNAL, 6(2), 124–153. DOI: https://doi.org/10.24176/agj.v6i2.7520
Copyright (c) 2023 Zara Tania Rahmadi, Diah Nurdiana, Muhammad Aria Wahyudi
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
CSRC Publishing and JAFEE adhere to Creative Commons Attribution-Non Commercial 4.0 International License. The authors, submitting and publishing in the Journal of Accounting and Finance in Emerging Economies published by CSRC Publishing, retain the copyright of their work and give the journal right to publish their work agreeing to the licensing policy under Creative Common Attribution-Non Commercial (NC-BY-NC 4.0) International. Under this license, the published authors let others remix, tweak, and build upon their work non-commercially. Yet all the other authors using the content of CSRC Publishing are required to cite author(s), journal name and publisher in their work. CSRC Publishing and JAFEE follow an Open Access Policy for copyright and licensing.
