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Corporate Attributes and Bankruptcy Prediction: The Case of Listed Halal Food and Beverage Companies

Journal of Islamic Monetary Economics and Finance · Vol. 10 No. 1 (2024) · hlm. 111–134

DOI
10.21098/jimf.v10i1.1928
ISSN
2460-6618, 2460-6146
Terbit
2024-02-29
Penerbit
Bank Indonesia
Bahasa
eng

Abstrak

This study investigates the relationship between corporate attributes and the probability of bankruptcy among halal food and beverage companies in five countries: Indonesia, Malaysia, Pakistan, Saudi Arabia, and the United Arab Emirates (UAE). Analyzing data from 56 firms from 2008 to 2021 using static panel data method, we find that the working capital period (cash conversion cycle), leverage, and firm growth increase the probability of bankruptcy for these companies. In contrast, liquidity, profitability, and firm size reduce bankruptcy probability. The findings reveal essential firm attributes that can guide the management of halal food and beverage firms, relevant regulators, and potential investors in ensuring the firms’ long-term viability.

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15 penulis · 28 tautan kepenulisan bersama · 20 lintas organisasi

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  • Universiti Brunei Darussalam
  • Sunan Gunung Djati State Islamic University Bandung
  • National Research and Innovation Agency
  • International Islamic University Malaysia
  • Bayero University Kano
  • University of Malaya
  • Universitas Islam Nusantara
  • Organisasi lain
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Rekan penulisOrganisasiArtikel bersama
Junaidu Muhammad KurawaBayero University Kano3
Cucu SusilawatiSunan Gunung Djati State Islamic University Bandung2
Agus JoharudinSunan Gunung Djati State Islamic University Bandung1
Adang SonjayaNational Research and Innovation Agency1
Syed Musa Syed Jaafar Al-HabshiAfiliasi tidak diketahui1
Norzitah Abdul KarimInternational Islamic University Malaysia1
Tasiu Tijjani SabiuUniversiti Brunei Darussalam1
Yoyok PrasetyoUniversitas Islam Nusantara1
Mohamad Anton AthoillahSunan Gunung Djati State Islamic University Bandung1
Ahmad Azam SulaimanUniversity of Malaya1
Muhamad MustaqimIAIN Kudus1
Shaheen Bibi RamjaunMinistry of Health and Quality of Life1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) http://www.jimf-bi.org/index.php/JIMF/oai, pertama di-harvest 9 Nov 2026, terakhir terlihat 9 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en">Corporate Attributes and Bankruptcy Prediction: The Case of Listed Halal Food and Beverage Companies</dc:title>
	<dc:creator xml:lang="en">Umar, Umar Habibu</dc:creator>
	<dc:creator xml:lang="en">Abduh, Muhamad</dc:creator>
	<dc:creator xml:lang="en">Besar, Mohd Hairul Azrin</dc:creator>
	<dc:subject xml:lang="en">Bankruptcy, Altman Z-score, Working capital, Cash conversion cycle, Current ratio, Leverage, Halal, Food and beverage.</dc:subject>
	<dc:description xml:lang="en">This study investigates the relationship between corporate attributes and the probability of bankruptcy among halal food and beverage companies in five countries: Indonesia, Malaysia, Pakistan, Saudi Arabia, and the United Arab Emirates (UAE). Analyzing data from 56 firms from 2008 to 2021 using static panel data method, we find that the working capital period (cash conversion cycle), leverage, and firm growth increase the probability of bankruptcy for these companies. In contrast, liquidity, profitability, and firm size reduce bankruptcy probability. The findings reveal essential firm attributes that can guide the management of halal food and beverage firms, relevant regulators, and potential investors in ensuring the firms’ long-term viability.</dc:description>
	<dc:publisher xml:lang="en">Bank Indonesia</dc:publisher>
	<dc:date>2024-02-29</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://jimf-bi.org/JIMF/article/view/1928</dc:identifier>
	<dc:identifier>10.21098/jimf.v10i1.1928</dc:identifier>
	<dc:source xml:lang="en">Journal of Islamic Monetary Economics and Finance; Vol. 10 No. 1 (2024); 111-134</dc:source>
	<dc:source>2460-6618</dc:source>
	<dc:source>2460-6146</dc:source>
	<dc:source>10.21098/jimf.v10i1</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://jimf-bi.org/JIMF/article/view/1928/962</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2024 Journal of Islamic Monetary Economics and Finance</dc:rights>
</oai_dc:dc>