Authors :
Sri Dewi Nur Pasha; Nur Aisyah F Pulungan; Sugiyono Madelan; Asep Risman
Volume/Issue :
Volume 7 - 2022, Issue 11 - November
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3iwY1VH
DOI :
https://doi.org/10.5281/zenodo.7388602
Abstract :
The purpose of this study is to find out whether
there is Financial Distress in BUMN in Indonesia and
State Equity Participation. The population in this study
are state-owned infrastructure and non-problem
infrastructure companies listed on the website of the
Ministry of BUMN RI for the period 2016 to 2020. The
sampling technique used is purposive sampling method so
that the research sample is 12 companies. The data
analysis technique used multiple regression analysis
method. The results showed that the Cash Ratio, Return
On Assets (ROA), Return On Equity (ROE), Debt to
Equity Ratio (DER) and Ebitda had a significant and
negative effect on the potential for financial distress.
BUMN receive small and insignificant State Equity
Participation (PMN) assistance on the basis of the
assignment and are paid to pay off large debts. State
Equity Participation (PMN) does not affect the ability of
BUMN to get out of financial problems, the Health Level
of BUMN does not affect the resolution of SOEs' financial
problems
Keywords :
Financial Ratios, BUMN Health Level, PMN, Financial Distress.
The purpose of this study is to find out whether
there is Financial Distress in BUMN in Indonesia and
State Equity Participation. The population in this study
are state-owned infrastructure and non-problem
infrastructure companies listed on the website of the
Ministry of BUMN RI for the period 2016 to 2020. The
sampling technique used is purposive sampling method so
that the research sample is 12 companies. The data
analysis technique used multiple regression analysis
method. The results showed that the Cash Ratio, Return
On Assets (ROA), Return On Equity (ROE), Debt to
Equity Ratio (DER) and Ebitda had a significant and
negative effect on the potential for financial distress.
BUMN receive small and insignificant State Equity
Participation (PMN) assistance on the basis of the
assignment and are paid to pay off large debts. State
Equity Participation (PMN) does not affect the ability of
BUMN to get out of financial problems, the Health Level
of BUMN does not affect the resolution of SOEs' financial
problems
Keywords :
Financial Ratios, BUMN Health Level, PMN, Financial Distress.
