文章基本信息

标题：Selection of Early Warning Indicator to Identify Distress in The Corporate Sector: Crisis Prevention Strengthening Efforts
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作者：Arlyana Abubakar ; Rieska Indah Astuti ; Rini Oktapiani 等
期刊名称：Bulletin Ekonomi Moneter dan Perbankan
印刷版ISSN：1410-8046
电子版ISSN：2460-9196
出版年度：2018
卷号：20
期号：3
页码：343-374
DOI：10.21098/bemp.v20i3.857
出版社：Bank Indonesia
摘要：This study aims to develop an Early Warning Indicator (EWI) that can provideearly signals in the presence of pressure on the financial condition of the corporatesector. Thus, efforts to prevent deeper deterioration can be anticipated earlier inorder to maintain the stability of the financial system. In the first stage, based on thecompany’s financial reports, the probable indicators are grouped into four categoriesi.e. liquidity indicator, solvency indicator, profitability indicator and activity indicator.The indicators, selected as EWI, are the indicators that can predict the occurrence ofcorporate distress events, in the Q1 of 2009, with the minimum statistical error. Theresults of the statistical evaluation showed that in terms of aggregate, the indicators ofDebt to Equity Ratio (DER), Current Ratio (CR), Quick Ratio (QR), Debt to Asset Ratio(DAR), Solvability Ratio (SR) and Debt Service Ratio (DSR) signal within a year beforea distress event occurs in the Q1 of 2009. Thus, these indicators can be considered asEWI in the presence of corporate financial distress.
关键词：early warning indicator; financial distress