Staf Pengajar Program Profesional
Universitas Kristen Satya Wacana-Salatiga
ABSTRACT:
The aim of this research is to analyze the influence of financial ratios to predict financial distress condition of a firm. The result of this research is to give some inputs to management about the accurate financial ratios which is used to predict financial distress condition. The sample of this research is the manufacturing companies listed in Jakarta Stock Exchange from the period of 2001 to 2004. The criteria of the sample are the companies which have negative earning before tax (EBT), negative cash flow (CF), and do not share their dividends. The statistic method used in this research is discriminant analysis. The result of this research showed that liquidity ratios, profitability ratios and activity ratios have significant effect to predict financial distress condition of a firm within one year.
Keywords: Financial Ratios, Financial Distress.
Keywords: Financial Ratios, Financial Distress.
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