Jurnal Akuntansi : Kajian Ilmiah Akuntansi (JAK)
Vol. 10 No. 2 (2023)

The Role of Financial Distress on Company Life Cycle and Stock Return

Akhmad Sigit Adiwibowo (Universitas Pamulang)
Dwi Safiatun Rohmah (Universitas Pamulang)
Putri Nurmala (Universitas Pamulang)



Article Info

Publish Date
03 Jul 2023

Abstract

This study aims to see how the company life cycle affects stock returns with financial distress as a moderating variable in companies listed on the Indonesia Stock Exchange between 2017 and 2021. Purposive sampling was used to obtain a sample of 71 companies. A panel regression analysis with a fixed effect model was used for the analysis. The study's findings show that the decline stage of a company's life cycle hurts stock returns, whereas the introduction, growth, and maturity stages do not affect stock returns. Financial distress can mitigate the impact of the company's decline stage on stock returns. However, it needs to mitigate the impact of the company's introduction, growth, and maturity stages on stock returns.

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Journal Info

Abbrev

akuntansi

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Akuntansi (JAK) was published by the Accounting Study Program, Faculty of Economics and Business, Serang Raya University, Indonesia. Published twice a year, January and July, JAK is a communication media and a reply forum for scientific work, especially regarding ...