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All Journal Nominal: Barometer Riset Akuntansi dan Manajemen JURNAL ECONOMIA Jurnal Pendidikan Akuntansi Indonesia MIX : Jurnal Ilmiah Manajemen Jurnal Keuangan dan Bisnis Jurnal Akuntansi Jurnal Abdimas Musi Charitas Publikasi Hasil Pengabdian Kepada Masyarakat. Jurnal Keuangan dan Bisnis
Suramaya Suci Kewal
Program Studi Manajemen Fakultas Bisnis Dan Akuntansi, Universitas Katolik Musi Charitas, Palembang, Indonesia
Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Health Professions Medicine & Pharmacology Nursing Public Health Social Sciences Other

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Journal : Jurnal Keuangan dan Bisnis

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PENGARUH FINANCIAL DISTRESS TERHADAP RETURN SAHAM (STUDI PADA PERUSAHAAN SUBSEKTOR BATUBARA DI BURSA EFEK INDONESIA) SURAMAYA SUCI KEWAL
Jurnal Keuangan dan Bisnis Vol. 18 No. 2 (2020): Jurnal Keuangan dan Bisnis Volume 18 No. 2, Edisi Oktober 2020
Publisher : Catholic University Musi Charitas

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (221.371 KB) | DOI: 10.32524/jkb.v18i2.66

Abstract

This study aims to determine whether there is an effect of a sector's Financial Distress using the Altman Z-Score method on stock returns. The independent variables used in this study are Working Capital to Total Assets (WCTA), Retained Earning to Total Assets (RETA), Earning before Interest and Taxes to Total Assets (EBITTA), Market Value of Equity to Book Value of Total Liabilities (MVEBTL), Sales to Total Assets (STA) and Altman Z-Score. While the dependent variable in this study is stock returns. The data collection method in this study used purposive sampling on coal companies listed on the Indonesia Stock Exchange during the 2014-2017 period. The total sample used in this study were 18 coal companies. The data analysis method used multiple linear regression analysis. Hypothesis testing using the t test with a significance level of 5%. The results showed that WCTA, EBITTA, MVEBTL, STA, and the Altman Z-Score Category had a positive effect on stock returns, while RETA had a negative effect on stock returns.
Co-Authors Anastasia Sri Mendari Heriyanto . Heriyanto Heriyanto Maria Christabel Ony, Johan Gunady Putranto, Yohanes Andri Widyartono, Agustinus Yevira Yevira Yohanes Andri Putranto Yohanes Andri Putranto Yohanes Andri Putranto Yohanes Andri Putranto Bernadus Yohanes Andri Putranto Yohanes Andri Putranto