Some factors affecting financial distress in telecommunication companies in Southeast Asia
Abstract
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 financial trouble. With company size serving as a moderating variable, the purpose of this study is to ascertain the impact of earnings management, corporate strategy, the board of directors, and debt asset ratio on financial distress. Ten telecoms businesses in Southeast Asia were the result of the purposive sampling technique from 2013 to 2022. Both logistic regression and moderated regression analysis are used in this study. These findings show how financial hardship simultaneously affects management of earnings, corporate strategy, the board of directors, and the debt asset ratio. However, financial distress is partially impacted negatively by the factors debt asset ratio, board of directors, and earnings management. The business strategy variable is now untouched by financial difficulties. Financial distress is not significantly impacted by company size, which moderating the debt asset ratio from the regression analysis.
Keyword : earnings management, business strategy, board of directors, debt asset ratio, financial distress, firm size
How to Cite
Kristanti, F. T., & Pancawitri, S. (2024). Some factors affecting financial distress in telecommunication companies in Southeast Asia. Business: Theory and Practice, 25(1), 190–199. https://doi.org/10.3846/btp.2024.20018
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Mariano, S. S. G., Izadi, J., & Pratt, M. (2021). Can we predict the likelihood of financial distress in companies from their corporate governance and borrowing? International Journal of Accounting and Information Management, 29(2), 305–323. https://doi.org/10.1108/IJAIM-08-2020-0130
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Panda, B., & Leepsa, N. M. (2017). Agency theory and evidence on problems and perspectives. Indian Journal of Corporate Governance, 10(1). https://doi.org/10.1177/0974686217701467
Parkinson, M. M. (2016). Corporate governance during financial distress – an empirical analysis. International Journal of Law and Management, 58(5), 486–506. https://doi.org/10.1108/IJLMA-08-2015-0045
Platt, H., & Platt, M. (2002). Predicting corporate financial distress: Reflections on choice-based sample bias. Journal of Economics and Finance, 26(2), 184–199. https://doi.org/10.1007/BF02755985
Porter, M. (1998). Competitive strategy. Free Press.
Prasetio. (2018). Power, Values and competence fenomena Pengangkatan and Pemberhentian Direksi di Badan Usaha Milik Negara (BUMN). Rayyana Komunikasindo.
Pratiwi, D. W., & Venusita, L. (2020). Pengaruh Kepemilikan Saham oleh Direksi dan Jumlah Dewan Direksi terhadap Financial Distress. AKUNESA: Jurnal Akuntansi Unesa, 9(1).
Putri, N., & Mulyani, E. (2019). Pengaruh Rasio Hutang, Profit Margin Dan Ukuran Perusahaan Terhadap Financial Distress. Jurnal Eksplorasi Akuntansi, 1(4), 1968–1983. https://doi.org/10.24036/jea.v1i4.189
Rahayu, F., Suwendra, I., & Yulianthini, N. N. (2016). Analisis financial distress Dengan Menggunakan Metode Altman Z-Score, Springate, dan Zmijewski Pada Perusahaan Telekomunikasi. E-Journal Bisma Universitas Pendidikan Ganesha, 4(1).
Ramadani, A. W., & Ratmono, D. (2023). Financial distress prediction: the role of financial ratio and firm size. Jurnal Riset Akuntansi Kontemporer, 15(1), 19–26. https://doi.org/10.23969/jrak.v15i1.6428
Riyanto, B. (2001). Dasar-Dasar Pembelajaran Perusahaan (4 Cetakan). BPFE UGM.
Rusci, V. A., Santosa, S., & Fitriana, V. E. (2021). Financial distress and earnings management in Indonesia: The role of independent commissioners. JIAFE: Jurnal Ilmiah Akuntnasi Fakultas Ekonomi, 7(1), 89–104.
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