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Determinants Analysis of Turnaround: Empirical Study on Manufacturing Company Registered in Indonesia Stock Exchange

ETIKONOMI · Vol. 16 No. 1 (2017) · hlm. 103–114

DOI
10.15408/etk.v16i1.4796
ISSN
2461-0771, 1412-8969
Terbit
2017-03-14
Penerbit
Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta
Bahasa
eng

Abstrak

This study examines the corporate turnaround which occurred in the company experiencing financial distress listing on the stock exchanges of Indonesia from 2010 to 2015. The purpose of this study is to prove the influence of company size, free assets, expenses retrenchment to corporarte turnaround. Company size, free assets, and expenses retrenchment moderated by CEO turnover. While Company Size, free assets and expenses retrenchment moderated by independent audit committee. The sample used in this study is 21 companies after going through the sampling process purposive sampling. The research method in this research is using logistic regression and moderated regreression analisys (MRA). The result shows the size of the company and free assets significant positive effect on the turnaround. Expenses retrenchment does not affect the turnaround process. CEO Turnover does not have a significant influence on the process of turnaround. Independent Audit Committee only affect or reinforce the results for the size of the company and free asset in conducting corporate turnaround, while at the expense retrenchment does not have a significant influence.DOI: 10.15408/etk.v16i1.4796

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  • Universitas Jambi
  • Pancasila University
  • Universitas Muhammadiyah Lamongan
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Ida ZulaehaAfiliasi tidak diketahui2
Emosda EmosdaUniversitas Jambi2
Rahmat MurbojonoUniversitas Jambi2
Cahyo HasanudinAfiliasi tidak diketahui1
Areni Yulitawati SupriyonoAfiliasi tidak diketahui1
Juwanda JuwandaAfiliasi tidak diketahui1
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Moh FathurrahmanAfiliasi tidak diketahui1
Farid AhmadiAfiliasi tidak diketahui1
Ana WidyawatiAfiliasi tidak diketahui1
Eko HandoyoUniversitas Muhammadiyah Lamongan1
Nora Sara DamayantiAfiliasi tidak diketahui1
Nur Siti AisyahUniversitas Jambi1
Paramita IsabellaUniversitas Jambi1
Sumin SutrisnoUniversitas Jambi1
Sri UsdektiUniversitas Jambi1
Herman BudiyonoUniversitas Jambi1
Eka BudiUniversitas Jambi1

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Sumber metadata: OAI-PMH (metadata jurnal) http://journal.uinjkt.ac.id/index.php/etikonomi/oai, pertama di-harvest 8 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en">Determinants Analysis of Turnaround: Empirical Study on Manufacturing Company Registered in Indonesia Stock Exchange</dc:title>
	<dc:creator xml:lang="en">Suratno, Suratno</dc:creator>
	<dc:creator xml:lang="en">Fitriawati, Roza</dc:creator>
	<dc:creator xml:lang="en">Djadang, Syahril</dc:creator>
	<dc:subject xml:lang="en">corporate turnaround</dc:subject>
	<dc:subject xml:lang="en">logistic regression</dc:subject>
	<dc:subject xml:lang="en">moderated regression analysis</dc:subject>
	<dc:description xml:lang="en">This study examines the corporate turnaround which occurred in the company experiencing financial distress listing on the stock exchanges of Indonesia from 2010 to 2015. The purpose of this study is to prove the influence of company size, free assets, expenses retrenchment to corporarte turnaround. Company size, free assets, and expenses retrenchment moderated by CEO turnover. While Company Size, free assets and expenses retrenchment moderated by independent audit committee. The sample used in this study is 21 companies after going through the sampling process purposive sampling. The research method in this research is using logistic regression and moderated regreression analisys (MRA). The result shows the size of the company and free assets significant positive effect on the turnaround. Expenses retrenchment does not affect the turnaround process. CEO Turnover does not have a significant influence on the process of turnaround. Independent Audit Committee only affect or reinforce the results for the size of the company and free asset in conducting corporate turnaround, while at the expense retrenchment does not have a significant influence.DOI: 10.15408/etk.v16i1.4796</dc:description>
	<dc:publisher xml:lang="en">Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta</dc:publisher>
	<dc:date>2017-03-14</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.uinjkt.ac.id/index.php/etikonomi/article/view/4796</dc:identifier>
	<dc:identifier>10.15408/etk.v16i1.4796</dc:identifier>
	<dc:source xml:lang="en">ETIKONOMI; Vol. 16 No. 1 (2017); 103-114</dc:source>
	<dc:source>2461-0771</dc:source>
	<dc:source>1412-8969</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.uinjkt.ac.id/index.php/etikonomi/article/view/4796/pdf</dc:relation>
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