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- Title
The Financial Distress Indication on Mining Industry of Oil and Gas Sub-Sectors in Indonesia.
- Authors
Herdyanto, Ryan; Yudawisastra, Helin G.
- Abstract
The purposes of this study is to find out whether there are indications of financial distress in companies in the mining sector in the oil and gas sub-sector in Indonesia in companies listed on the IDX. The variables used in this study are the current ratio (CR), a debt-equity ratio (DER) and Return on Assets (ROA). The sampling technique used in the study was purposive sampling with all samples taken from industries in the oil and gas sub-sector mining sector listed on the IDX. The companies that were sampled were 7 (seven) companies in the oil and gas sub-sector mining sector that have complete financial statements and are listed on the IDX in 2015-2017. Statistical analysis tools which used in the form of panel data regression analysis with EViews program. The results of the study conclude that the method used shows that the independent variable used is the current ratio (CR) has a significant relationship to the indication of financial distress. While the variables Return on Assets (ROA) and Debt-Equity to Ratio (DER) do not have a significant relationship in influencing financial distress. The contribution of independent variables to the model is 53.07% and the rest is influenced by variables outside the model that are not examined.
- Subjects
INDONESIA; MINERAL industries; PETROLEUM industry; GAS industry; RETURN on assets
- Publication
Global Business & Management Research, 2019, Vol 11, Issue 1, p302
- ISSN
1947-5667
- Publication type
Article