Rachman, Leo Cahya Trias Putra (2019) Transisi peningkatan kinerja keuangan perusahaan pada sektor pertambangan dan pertanian. Masters thesis, Institut Pertanian Bogor.
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Abstract
The global financial crisis in 2008 caused the IHSG to experience a significant decline. The decline in the IHSG affected all sectoral indices. The biggest decline was experienced by the mining and agricultural sectors. The mining and agriculture sector index declined again in 2015. The decline in commodity prices allegedly affected both sectors. The decline in company performance in times of crisis has the potential to cause bankruptcy. The bankruptcy of the company begins with the stage of the decline in financial conditions called financial distress. The topic of financial distress and turnaround has a close relationship, because turnaround success is determined by efforts to overcome problems that bring the company into financial distress. In this study used a logistic regression calculation method (logit) which aims to get a sample of companies experiencing financial distress and companies that managed to do turnaround. One of the objectives of this research is to make a prediction model of financial performance transition from mining and agriculture subsector companies. The results of the study show that the transition of the company's financial performance is influenced by the variable size of the company, retrenchment, the level of distress and the type of industry. The company's ability to adapt to the environment tends to be different, management skills in implementing alternative strategies in dealing with crises can determine success in improving poor performance. Comparison between the two sectors states that the agricultural sector has a transition probability of financial performance better than the mining sector. Based on the formulation of managerial implications, the alternative strategies produced consist of efficiency-oriented and entrepreneurial strategies. Companies with relatively small total assets, an increase in tangible assets, a decrease in the level of distress and industry type, can be considered by investors in investing. The government is expected to be able to oversee the planned strategic steps, including the establishment of DMO and B20 programs.
| Item Type: | Thesis (Masters) |
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| Uncontrolled Keywords: | financial distress, logistic regression, turnaround, SPSS. |
| Subjects: | Manajemen Keuangan |
| Depositing User: | SB-IPB Library |
| Date Deposited: | 21 Jan 2020 07:36 |
| Last Modified: | 21 Jan 2020 07:36 |
| URI: | http://repository.sb.ipb.ac.id/id/eprint/3537 |
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