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September 5, 2025Jurnal Akademi AkuntansiOpen Access

Determinants of financial distress: analysis of financial ratio, market, and macroeconomic factors

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Authors

DSDesi Novita SariWPWida PurwidiantiNTNaelati Tubastuvi

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Overview

Quantitative analysis reveals financial ratios and macroeconomic factors significantly affect financial distress.

Key Points

  • Financial ratios, particularly liquidity, profitability, and asset productivity, reduce financial distress.
  • Market indicators, especially stock prices, positively influence financial distress, while market capitalization has no significant effect.
  • Logistic regression analysis was employed on 180 observations from 45 publicly listed mining companies in Indonesia.
  • The findings may help inform risk management strategies in emerging markets, but generalizability is limited due to the sole reliance on EPS.

Cite This Study

Sari et al. (2025) studied this question.

synapsesocial.com/papers/68bb3d4e2b87ece8dc955dabhttps://doi.org/10.22219/jaa.v8i3.39780
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