The Effect of Financial Ratios and Macroeconomic Variables to Financial Distress of Agriculture Industry Listed in the Indonesia Stock Exchange from 2013 to 2018

DOI

10.2991/aebmr.k.200127.071How to use a DOI?

Keywords

Financial ratios, macroeconomics variables, financial distress

Abstract

The purpose of this research is to find out and analyze the influence of financial ratios - current ratio, debt to equity ratio, and net income on total asset - and macroeconomic variables - gross domestic product, Indonesia Composite Index - on financial distress of agriculture companies listed in the Indonesia Stock Exchange (IDX) over the 2013 – 2018 period. The purposive sampling was used as a sampling technique to obtain seven agriculture companies that meet the criteria and then was analyzed using the regression model and descriptive statistics. The results of this research showed that only the current ratio that affected the financial distress of those companies, while other financial ratios (debt to equity ratio, net income to total asset), and macroeconomic variables (gross domestic product, Indonesia Composite Index) did not affect financial distress.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - E.J. Arilyn
PY  - 2020
DA  - 2020/01/31
TI  - The Effect of Financial Ratios and Macroeconomic Variables to Financial Distress of Agriculture Industry Listed in the Indonesia Stock Exchange from 2013 to 2018
BT  - Proceedings of the 17 th International Symposium on Management (INSYMA 2020)
PB  - Atlantis Press
SP  - 347
EP  - 349
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200127.071
DO  - 10.2991/aebmr.k.200127.071
ID  - Arilyn2020
ER  -