Jurnal Ekonika : Jurnal Ekonomi Universitas Kadiri
Vol. 8 No. 1 (2023): April

Financial Distress in BUMN in Indonesia and Factors Affecting Financial Performance and Health Levels in BUMN Companies

Sridewi Nur Pasha (Universitas Mercu Buana)
Nur Aisyah F Pulungan (Universitas Mercu Buana)
Sugiyono Madelan (Universitas Mercu Buana)

Article Info

Publish Date
30 Apr 2023

Abstract

This research aims to determine whether there is Financial Distress in BUMN in Indonesia and State Equity Participation. The population in this study were state-owned and non-problematic infrastructure companies registered on the BUMN court website from 2016 to 2020. The sampling technique used was purposive sampling to obtain a sample of 12 companies—data analysis techniques using panel data regression analysis method. The study results show that Return On Equity (ROE) and Capital Expenditure is significant for financial distress. BUMN receives assistance from small and insignificant State Equity Participation (PMN) and is paid to pay off large debts based on the assignment Participation (PMN), Soundness Level of BUMN, Liquidity, and Leverage do not affect solving BUMN financial problems.

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Journal Info
Jurnal Ekonika : Jurnal Ekonomi Universitas Kadiri
Website

Abbrev

ekonika

Publisher

Universitas Kadiri

Subject

Economics, Econometrics & Finance

Description

Ekonika : Jurnal Ekonomi Universitas Kadiri publish by Faculty of Economics, Universitas Kadiri. The Journal of Ekonika first appeared in March of 2016. The journal is published twice a year, in April and September. Ekonika is a national scientific journals are open to seeking innovation, creativity ...