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Performance Comparison of Indonesia’s Big Banks Using The Competitive Profile Matrix Approach
Full text linkThis study aims to analyze the competitive position of major banks in Indonesia based on their fundamental performance. Big banks, defined as those with a market capitalization exceeding IDR 100 trillion, significantly influence the Jakarta Composite Index. This research employs an exploratory approach to assess the competitiveness of these big banks using the Competitive Profile Matrix. The findings reveal that PT Bank Central Asia, Tbk (BBCA) holds the highest competitive advantage among Indonesian big banks. BBCA's competitive edge stems from its superior Capital Adequacy Ratio, optimal Cost-to-Income Ratio, strong Current Account Savings Account fund collection, and a conservative Loan-to-Deposit Ratio, coupled with its high Return on Equity. The study emphasizes that big banks are not solely dependent on interest income but also generate significant revenue from fees and commission-based services. Understanding the business strategies and financial ratios of these banks is crucial for investors and regulators in making informed decisions to foster stability and growth within Indonesia’s banking sector.This research contributes by integrating financial ratio analysis with the Competitive Profile Matrix to assess the competitive advantage of big banks in Indonesia. Unlike previous studies, it combines various key financial ratios, offering a comprehensive framework to evaluate how these banks perform amid external market uncertainties. The findings underscore the importance of diversified income streams and operational efficiency, extending beyond traditional interest income models.Theoretically, this study affirms that internal financial strength manifested in ratios serves as a sustainable competitive advantage during market volatility. This contributes to existing theories of competitive advantage by demonstrating the role of financial resilience in maintaining long-term stability, especially for banks facing external economic shock
The Impact of Financial Risk on Leverage, Profitability, and Firm Value in Indonesian Companies
Full text linkIt is common knowledge that the COVID-19 pandemic has significantly impacted the performance of companies worldwide, including Indonesia. The impact of the pandemic has resulted in two pressures, both positive with increasing profits and negative with the closure of companies. This study will examine the differences in profitability ratios, leverage, and firm value based on the impact of risk after COVID-19. This study was conducted on all companies (except the banking sector) listed on the Indonesia Stock Exchange (IDX). This study uses a purposive sampling technique, so 403 companies were obtained with 797 observations. The data in this study is divided into 2 categories, namely, first, companies that are positively impacted, and second, companies that are negatively impacted by the pandemic. Hypothesis testing uses Mann-Whitney because the data distribution is not normal. The study results show differences in the Long-Term Debt to Equity Ratio (LTDtER) based on the impact of company risk. Furthermore, the test results show that there is no difference in the impact of financial company risk on ROE and Tobin's Q. The novelty of this research is that it provides a methodological contribution that analyzes the impact of financial risk before the pandemic and then compares financial data after the pandemic. The results of this study provide recommendations to stakeholders on how to use the right strategy when investing in companies that go public in Indonesia. This study provides theoretical implications by proving that the impact of financial company risk will result in an increase in long-term debt for the company
Financial Distress Analysis Using the Altman Z-Score Model on Textile Companies in Indonesia Stock Exchange
Full text linkThis study aims to analyze the level of financial distress among textile companies listed on the Indonesia Stock Exchange. The novelty of this research lies in its use of recent post-pandemic data and its specific focus on the Indonesian textile industry—an economically significant sector that has received limited scholarly attention. Using a descriptive quantitative approach, the study employs secondary data in the form of financial statements. Eight textile companies were selected based on data availability. The Altman Z-Score model is applied to evaluate financial health and classify companies into three categories: distress, grey, and safe zones. The results reveal that only one company is in the safe zone, two are in the grey zone, and five are in the distress zone. Theoretically, these findings reinforce the relevance of the Altman Z-Score model in the context of emerging markets. Practically, the study underscores the urgent need for enhanced financial management and the implementation of early warning mechanisms to prevent bankruptcy in the textile secto
The Influence of Voluntary Disclosure, Institutional Ownership and Managerial Ownership on The Earnings Quality
Full text linkThis study examines the effect of voluntary disclosure, institutional ownership, and managerial ownership on earnings quality in Basic Industry and Chemical companies listed on the Indonesia Stock Exchange (IDX). The data used is secondary data with multiple linear regression analysis. The population consists of 73 companies, with a sample of 20 companies using purposive sampling. The results indicate that voluntary disclosure has a positive but insignificant effect on earnings quality, suggesting increased voluntary disclosure tends to improve earnings quality. Institutional ownership has a negative and significant effect on earnings quality, playing an important role in minimizing agency conflicts. Managerial ownership has a negative and insignificant effect on earnings quality, with small management shareholding reassuring owners about reported earnings quality. The F-test results show voluntary disclosure, institutional ownership, and managerial ownership simultaneously have a significant effect on earnings quality. The independent variables influence earnings quality, with institutional ownership being the only significant variable during the observation period. Other variables influencing earnings quality, such as profitability, profit persistence, capital structure, and internal and external auditor quality, are not considered. This study is expected to serve as an additional reference for investors
Pengaruh Perencanaan Pajak, Beban Pajak Tangguhan, dan Konservatisme Akuntansi Terhadap Nilai Perusahaan
No full textThis study aims to examine the effect of tax planning, deferred tax expense, and accounting conservatism on firm value. The research population is LQ45 companies listed on the Indonesia Stock Exchange (IDX). Determination of the sample using purposive sampling technique, obtained as many as 18 companies with 90 observation data. The analysis technique and hypothesis testing were carried out with panel data regression analysis through Eviews 9. The results of this study indicate that tax planning and deferred tax expense has no effect on firm value, while accounting conservatism have an effect on firm value. Simultaneously tax planning, deferred tax liabilities, and accounting conservatism affect firm value. Conservative accounting principles that have been applied in financial reports are considered as a positive signal by investors that management or agents have taken conservative steps to prevent exaggeration of com-pany assets and income. Positive signals from investors will be able to increase and increase the value of the company which is reflected in the share price on the capital market. Penelitian ini bertujuan untuk menguji pengaruh Perencanaan Pajak, Beban Pajak Tangguhan, dan Konservatisme Akuntansi Terhadap Nilai Perusahaan. Populasi penelitian adalah perusahaan LQ45 yang terdaftar di Bursa Efek Indonesia (BEI) periode tahun 2018-2022. Penentuan sampel menggunakam teknik purposive sampling, diperoleh sebanyak 18 perusahaan dengan 90 data observasi. Teknik analisis dan pengujian hipotesis dilakukan dengan anailis regresi data panel melalui Eviews 9. Hasil dari penelitian ini menunjukkan perencanaan pajak dan beban pajak tangguhan tidak berpengaruh terhadap nilai perusahaan, sedangkan konservatisme akuntansi berpengaruh terhadap nilai perusahaan. Secara simultan perencanaan pajak, beban pajak tangguhan, dan konservatisme akuntansi berpengaruh terhadap nilai perusahaan
The Effect of Retention Rate, Debt to Equity Ratio, and Current Ratio on Company Sustainable Growth Rate
Full text linkThis study examines the impact of financial metrics on sustainable growth, defined as the maximum rate at which a company can grow without changing its financial leverage, a concept supported in recent studies on corporate growth strategies. The analysis focuses on the retention ratio, debt-to-equity ratio, and current ratio. Data is sourced from non-financial companies listed on the Kompas 100 Index on the Indonesia Stock Exchange, selected based on consistent financial reporting and comprehensive data availability during this period. Utilizing a panel data regression model with Stata 17 software, the findings reveal that the retention ratio positively affects sustainable growth, supporting the idea that reinvesting profits promotes long-term company growth. Conversely, DER has a negative impact, indicating that higher leverage increases financial risk. The current ratio does not significantly affect sustainable growth within this model. These results emphasize the importance of strategic financial management, particularly in optimizing retention and leverage, to foster sustainable growth. The study offers stakeholders and legislators practical advice on how to encourage financial practices that foster long-term organizational growth
The Effect of Profitability, Liquidity, Leverage, Firm Size, Operating Capacity, and Retained Earnings Towards Financial Distress: Evidence from Energy Companies
Full text linkThis research aims to anticipate the possibility of financial distress by analyzing fundamental company financial factors such as profitability, liquidity, leverage, firm size, operating capacity and retained earnings ratio, specifically in energy sector companies listed on the Indonesia Stock Exchange in 2018-2022. The type of research carried out is causal associative research. This research data uses secondary quantitative panel data. The population in this study are energy companies listed on the Indonesia Stock Exchange in the 2018-2022 period. This sector was selected due to indications that energy companies were facing financial difficulties during the pandemic, as evidenced by several energy companies being delisted from the stock exchange. The sampling technique used was purposive sampling, obtaining 58 companies as research samples with five years of observation, resulting in 290 total observation data. The technique used for analysis is logistic regression with the help of EViews 13 software. The results of this study show that liquidity, firm size, and retained earnings hurt financial distress, while leverage has a positive effect on financial distress. Meanwhile, profitability and operating capacity do not affect financial distress. This research provides empirical evidence about the factors that influence financial distress and contributes to the signaling theory application literature in predicting bankruptcy conditions through financial distress analysis. Thus, this research could be a consideration for stakeholders when making decisions