The Effect of Investment, Free Cash Flow, Earnings Management, and Interest Coverage Ratio on Financial Distress Creative Commons

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Meryana,

Erna Setiany

Journal of Social Science, Год журнала: 2021, Номер 2(1), С. 64 - 69, https://doi.org/10.46799/jss.v2i1.86

Опубликована Янв. 1, 2021

Последнее обновление статьи Ноя. 17, 2022

The purpose of this research is to test investments, free cash flow, earnings management, and interest coverage ratio are affecting the risk of financial distress in healthy enterprises.. Healthy companies can be seen from how large the value of working capital, retained earnings, income before tax, market value and sales implemented in the measurement of the financial difficulties model with the Altman Z-score method. Collection of data by purposive sampling and number of samples as many as 33 companies in the category of healthy companies. The results show that free cash flows and interest coverage ratio significant effect on the …

Quantile time-frequency connectedness and spillovers among financial stress, cryptocurrencies and commodities DOI
Naveed Khan, OlaOluwa S. Yaya, Xuan Vinh Vo

и другие.

Resources Policy, Год журнала: 2025, Номер 103, С. 105527 - 105527

Опубликована: Март 9, 2025

Язык: Английский

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Navigating Choppy Waters: Interplay between Financial Stress and Commodity Market Indices DOI Creative Commons

Haji Ahmed,

Faheem Aslam, Paulo Ferreira

и другие.

Fractal and Fractional, Год журнала: 2024, Номер 8(2), С. 96 - 96

Опубликована: Фев. 4, 2024

Financial stress can have significant implications for individuals, businesses, asset prices and the economy as a whole. This study examines nonlinear structure dynamic changes in multifractal behavior of cross-correlation between financial index (FSI) four well-known commodity indices, namely Commodity Research Bureau Index (CRBI), Baltic Dry (BDI), London Metal (LME) Brent Oil (BROIL), using detrended cross correlation analysis (MFDCCA). For analysis, we utilized daily values FSI from 16 June 2016 to 9 July 2023. The following are most important empirical findings: (I) All chosen market indices show correlations with notable characteristics. (II) presence power law implies that noteworthy shift is likely coincide considerable indices. (III) highest (BROIL) lowest LME. (IV) rolling windows reveals varying degree persistency markets. findings this number investors policymakers.

Язык: Английский

Процитировано

3
The impact of ESG on the bank valuation: evidence of moderation by ICT DOI
Shailesh Rastogi, Kuldeep Singh

Journal of Global Responsibility, Год журнала: 2022, Номер 14(2), С. 273 - 288

Опубликована: Дек. 6, 2022

Purpose The banking sector is undergoing a phase of transition worldwide. degrees flux may vary from country to country. Metamorphosis causes include financial distress, corporate governance issues, environmental and social issues an avalanche technological advancements. This study aims explore how environmental, (ESG), one the essential contemporary change agents across sectors, including in banks, impacts valuation sector. In addition, this also at another vital inevitable agent, information communications technology (ICT) expenses, influence ESG’s impact on bank valuation. Design/methodology/approach Panel data regression conducted using (Tobin’s Q market capitalization) as endogenous variables, ESG expenditure ICT are used main exogenous variables. interaction term variable. Findings Surprisingly, authors find unequivocal evidence positive without consideration ICT. found moderate positively. particular, when low, increase negatively. However, high values cause Research limitations/implications Without ICT, investments coincide with value-creating hypothesis. modern world firms do not have choice ignoring which sustain. Adequate shift value-eroding effects (at low ICT) toward hypothesis start value Practical implications practice, modern-day no but align investments. cases where tends erode ICT), should, parallel, choose make some Such combined balanced attention along ESG, will undoubtedly benefit financially. Originality/value study’s significant stakeholders’ mindsets, who clarity role bank’s performance subsequent policymakers restructure their long-term policy current findings.

Язык: Английский

Процитировано

15
SOME FACTORS AFFECTING FINANCIAL DISTRESS IN TELECOMMUNICATION COMPANIES IN SOUTHEAST ASIA DOI Creative Commons
Farida Titik Kristanti,

Sekarayu Pancawitri

Verslas teorija ir praktika, Год журнала: 2024, Номер 25(1), С. 190 - 199

Опубликована: Март 27, 2024

People who have lost their jobs are affected by the Covid-19 epidemic, which lowers demand and prevents them from updating daily used internet services. A company’s deteriorating financial health may be a warning indication of impending trouble. With company size serving as moderating variable, purpose this study is to ascertain impact earnings management, corporate strategy, board directors, debt asset ratio on distress. Ten telecoms businesses in Southeast Asia were result purposive sampling technique 2013 2022. Both logistic regression moderated analysis study. These findings show how hardship simultaneously affects management earnings, ratio. However, distress partially impacted negatively factors ratio, management. The business strategy variable now untouched difficulties. Financial not significantly size, analysis.

Язык: Английский

Процитировано

2
Impact of cash flow on earnings management in Jordan DOI Creative Commons
Khaled Eriej Aburisheh, Ahmad Dahiyat, Walid Omar Owais

и другие.

Cogent Business & Management, Год журнала: 2022, Номер 9(1)

Опубликована: Окт. 28, 2022

This article aimed to examine what do operate cash flow and free are reveal the effect on earnings management? Evidence: industrial companies listed Amman stock exchange during period from 2011 2020. Several control variables were used relationships. The survey method adopted was employed in choosing of a sample 56 firms. information has been extracted available financial reports through use panel data regression. findings study showed that, as independent factors, flow, operating including managerial ownership leverage have an impact management. However, firm size variable no

Язык: Английский

Процитировано

9
Pre- and Post-Covid Analysis of Earnings Management and Financial Distress Among Nairobi Securities Exchange-Listed Firms DOI Creative Commons
Charles Guandaru Kamau, Christine Kanana Murori

South Sahara Multidisciplinary Journal, Год журнала: 2024, Номер 2(1), С. 31 - 48

Опубликована: Май 31, 2024

Earnings management and financial distress are two important aspects of in corporations that have attracted significant attention academic research practical applications. The main objective this study is to comprehensively evaluate the impact on earnings practices companies listed National Stock Exchange (NSE), both before after COVID-19 pandemic. Using multiple linear regression analysis, aims investigate causal relationship between distress. By analyzing data from 37 publicly COVID-19, understand how affects management, while considering control variables such as firm size, Gross Domestic Product (GDP), inflation rates. findings analysis show a positive correlation strain companies. In contrast, during post-COVID era indicates not statistically significant. However, highlight role which has negative influence management. Specifically, smaller more likely engage activities period compared larger corporations, revealed by results meticulous study.

Язык: Английский

Процитировано

1
Women on boards and on top management positions and excess cash holdings: a quantile regression approach DOI
Ibtissem Jilani, Faten Lakhal, Nadia Lakhal

и другие.

Corporate Governance, Год журнала: 2023, Номер 23(7), С. 1585 - 1606

Опубликована: Май 16, 2023

Purpose This paper aims to examine the impact of gender diversity on boards and top management positions excess cash holdings. Design/methodology/approach The authors adopt quantile regression approach test relation between holding. sample consists 1,235 firm-year observations for period 2005–2017. Findings find that board negatively influences level cash. result suggests women appointed in boardroom are effective monitoring managerial actions, including financing policies. results also show by forcing companies have a quota their boards, presence no longer has negative However, when stand at chief executive officer or financial position, they tend accumulate precautionary motives. These suggest behave differently regarding holding as monitors compared role decision-makers. Practical implications may be interest legislators who decide break glass ceiling, preventing from gaining greater access senior positions. is line with recommendations AFEP-MEDEF Governance Code 2020, which strongly recommends recruitment important investors, might likely trust hold directors increase firm value. social impact. Indeed, society enhanced if such initiatives taken representation leadership general. Social Originality/value study investigates both controllers decision-makers excessive amounts It highlights new evidence appointing (enabling/coercive market-based) can

Язык: Английский

Процитировано

3
Pengaruh Operating Cash Flow dan Faktor Pendukung Lainnya terhadap Financial Distress DOI Creative Commons

Violita Christy,

Kartina Natalylova

Media Bisnis, Год журнала: 2023, Номер 15(1), С. 11 - 26

Опубликована: Март 31, 2023

The purpose of this research is to obtain empirical evidence about the effect operating cash flow, liquidity, profitability, financial leverage, firm size, managerial ownership, institutional proportion independent commissioners, and free flow on distress. This used a sample manufacturing companies that are consistently listed Indonesia Stock Exchange ranged from year 2019 2021 as population. was obtained by using purposive sampling method final 65 so total 195 data multiple regression statistic. result in showed profitability size had an A low signal company incapacity convert revenue into profit, increase will lower probability Firm distress means greater company's assets, bigger experience because expenses. Besides, no

Язык: Английский

Процитировано

2
CEO Overconfidence as Moderator of Sales Growth, Interest Coverage, Fixed Asset Intensity to Financial Distress DOI Creative Commons

Franki Slamet,

Yanuar Ramadhan

Jurnal Ilmiah Akuntansi dan Bisnis, Год журнала: 2023, Номер 18(2), С. 308 - 308

Опубликована: Ноя. 2, 2023

This study seeks to explore the influence of certain factors, namely company growth, interest coverage ratio, and fixed asset intensity, on a company's financial health or distress. We pay special attention potential role CEO overconfidence as variable that might change moderate these influences. Drawing from quantitative approach, we used publicly available statements primary consumer goods companies listed Indonesia Stock Exchange 2017 2021. Our findings suggest growth value assets play roles in determining distress, but ratio does not. Moreover, when factoring overconfidence, found it changes way relate Yet, this trait doesn’t alter relationship between distress. Keywords: ceo distress

Язык: Английский

Процитировано

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Management’s Company Value Based Capital Structure, Liquidity Ratio, Coverage, Activity through Financial Performance DOI Creative Commons

Ainun Jariah,

Sukma Irdiana,

Ninik Lukiana

и другие.

Advances in economics, business and management research/Advances in Economics, Business and Management Research, Год журнала: 2023, Номер unknown, С. 3 - 9

Опубликована: Янв. 1, 2023

Encouraging performance synonymous with an increase in company value.Because this is the same as achieving company's primary objective, maximizing value crucial for a business.Increasing of firm accomplishments line owner wishes since welfare will be ensured automatically.Investors' assessment success level, frequently linked to stock prices.A high price sign valuable corporation.The purpose research explore and analyze how capital structure, liquidity ratios, coverage, activity are related financial value.It also demonstrates importance mediator between these factors value.Out 16 automotive firms, total 13 listed on Indonesia Stock Exchange from 2018 2021.Using path analysis hypothesis testing, Sobel test mediation testing.Results showed only had impact firm's worth, coverage ratio results.The was unable mediate relationship liquidity, ratio, value.A novelty study compares two states, particularly those before after Covid-19 epidemic.

Язык: Английский

Процитировано

0