Simatupang, Batara Maju (2024) Financial Indicator Analysis on Companies Inside The Watch Board List of Indonesia Stock Exchange. Jurnal Ekonomi, Manajemen dan Perbankan, 10 (3). pp. 281-296. ISSN ISSN: 2460-8114 (print) 2656-6168 (online)
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20241 - Dr Batara MS Jurnal JEMP MM IBS Financial Indicator Analysis on Companies Inside the Watchboard List of Indonesia Stock Exchange.pdf Download (939kB) | Preview |
Abstract
In June 2023, the Indonesia Stock Exchange (IDX) announced the watchboard list of underperforming companies struggling to meet financial requirements. As of September 11, 2024, this list includes 223 companies. This research studied the financial indicators that may influence whether a company will be put on the IDX watch board list and attempted to generate a model to predict whether a company will be placed inside IDX watch board list in the next two years. The sample data used are the financial indicators of companies on the IDX watchboard list for the years 2022 and 2023. The sample data also includes companies outside the IDX watch board list, is randomly sampled so that the amount of data of companies inside the IDX watch board list is the same as the amount of data of companies inside the IDX watch board list. The finding suggests all these financial indicators have influence: WOTA (working capital divided by total asset), RETA (retained earnings divided by total asset), EBITDA (earnings before taxes divided by total asset), PBV (market value of equity divided by book value of equity) and STA (total sales divided by total asset). Investors may use the prediction models this research generated to decide which stocks to buy. This research generated an MDA-based prediction model and a logistic regression-based prediction model that may predict whether a company will be placed on the IDX watchboard list in the coming two years. The logistic regression-based prediction model shows better results than the MDA based one.
| Item Type: | Article |
|---|---|
| Subjects: | Prodi S2 Magister Manajemen STIE Indonesia Banking School > Prodi S2 Magister Manajemen |
| Divisions: | Library of Congress Subject Areas > Prodi S2 Magister Manajemen Prodi S2 Magister Manajemen |
| Depositing User: | Mr. Batara Maju Simatupang |
| Date Deposited: | 06 Jan 2025 18:07 |
| Last Modified: | 06 Jan 2025 18:07 |
| URI: | http://repository.ibs.ac.id/id/eprint/8543 |
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