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Rayinta Ningtyas

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Research paper thumbnail of Determining Factors in the Indirect Financial Distress Cost in Companies in the Basic and Chemical Industry Sector Listed on the Indonesia Stock Exchange

This study is carried out to determine whether the determining factors for financial distress rea... more This study is carried out to determine whether the determining factors for financial distress really do matter significantly to these financial difficulties. Independent variables in this study are leverage, firm size, tangible and intangible assets, Tobins' Q, liquid assets, and change in investment policy. This study gathered data from 17 companies in the basic industry and chemicals listed in the Indonesian Stock Exchange in 6 years (2015-2020) by using multiple regression models to test it. The findings in this study indicate that the size of the company, Tobins' Q, tangible and intangible assets, and changes in investment policy have no significant effect on financial distress. While leverage and liquidity assets have a significant negative effect on financial distress. The results of this study are expected to provide advice and recommendations to companies in managing their company's finances and establishing good investment policies so that the company's fina...

Research paper thumbnail of Determining Factors in the Indirect Financial Distress Cost in Companies in the Basic and Chemical Industry Sector Listed on the Indonesia Stock Exchange

This study is carried out to determine whether the determining factors for financial distress rea... more This study is carried out to determine whether the determining factors for financial distress really do matter significantly to these financial difficulties. Independent variables in this study are leverage, firm size, tangible and intangible assets, Tobins' Q, liquid assets, and change in investment policy. This study gathered data from 17 companies in the basic industry and chemicals listed in the Indonesian Stock Exchange in 6 years (2015-2020) by using multiple regression models to test it. The findings in this study indicate that the size of the company, Tobins' Q, tangible and intangible assets, and changes in investment policy have no significant effect on financial distress. While leverage and liquidity assets have a significant negative effect on financial distress. The results of this study are expected to provide advice and recommendations to companies in managing their company's finances and establishing good investment policies so that the company's fina...

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