To see the other types of publications on this topic, follow the link: Costs of financial distress.
Journal articles on the topic 'Costs of financial distress'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Costs of financial distress.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Pindado, Julio, and Luis Rodrigues. "Determinants of Financial Distress Costs." Financial Markets and Portfolio Management 19, no. 4 (2005): 343–59. http://dx.doi.org/10.1007/s11408-005-6456-4.
Full text
2
Wijantini, Wijantini. "The Indirect Costs of Financial Distress in Indonesia." Gadjah Mada International Journal of Business 9, no. 2 (2007): 157. http://dx.doi.org/10.22146/gamaijb.5599.
Full textAbstract:
This paper presents quantitative estimates of the indirect cost of financial distress and its determinants. In order to measure the cost, this study estimates the annualized changes in industry-adjusted operation profit and sales from a year before the onset of distress to the resolution year. Using those approaches, the median of indirect financial distress cost is estimated between three and 11 percent annually. To the extent that the direct cost of financial distress reduces reported operating income, the estimated costs are overstated. The simple regressions analysis suggest that the indirect cost of financial distress significantly increases with size, leverage, number of creditors, and poor industry performance, but is not related to degree of bank loan reliance. The findings provide a weak support for the financial distress theory which suggests that conflicts of interest render the costs of financial distress.
3
Reimund, Carsten, Bernhard Schwetzler, and Florian Zainhofer. "Costs of Financial Distress: The German Evidence." Kredit und Kapital 42, no. 1 (2009): 93–123. http://dx.doi.org/10.3790/kuk.42.1.93.
Full text
4
Almeida, Heitor, and Thomas Philippon. "Estimating Risk-Adjusted Costs of Financial Distress." Journal of Applied Corporate Finance 20, no. 4 (2008): 105–9. http://dx.doi.org/10.1111/j.1745-6622.2008.00208.x.
Full text
5
Yen, Gili, and Jian-Fa Li. "Financial Distress Announcements, Transaction Mode Change, and Aggregate Shareholder Wealth: Empirical Evidence from TAIEX-Listed Companies." Review of Pacific Basin Financial Markets and Policies 13, no. 01 (2010): 19–43. http://dx.doi.org/10.1142/s0219091510001858.
Full textAbstract:
This study is to address the estimation of financial distress costs including the deterioration in asset value. A sample of 104 TAIEX-listed financially distressed companies was collected covering the period from 1998 to 2004. As expected, it is found that the TAIEX-listed financially distressed companies have registered a huge reduction in stock price. Moreover, as expected, it is found that the financial distress costs of the "delisting" group are largest, the financial distress costs of the "maintaining normal trading" group are lowest, and the financial distress costs of the "cash transaction only/suspended trading" group fall somewhere in between. Based on the empirical findings, the present study concludes that the magnitude of financial distress costs is substantially underreported in the literature as a result of ignoring deterioration in asset value.
6
Opler, Tim C. "Controlling Financial Distress Costs in Leveraged Buyouts with Financial Innovations." Financial Management 22, no. 3 (1993): 79. http://dx.doi.org/10.2307/3665929.
Full text
7
Makeeva, Elena, and Margarita Khugaeva. "Evaluation of financial distress costs of innovative companies." Russian Management Journal 16, no. 1 (2018): 37–62. http://dx.doi.org/10.21638/11701/spbu18.2018.102.
Full text
8
Detragiache, Enrica. "Adverse selection and the costs of financial distress." Journal of Corporate Finance 1, no. 3-4 (1995): 347–65. http://dx.doi.org/10.1016/0929-1199(94)00009-j.
Full text
9
Bhagat, Sanjai, James A. Brickley, and Jeffrey L. Coles. "The costs of inefficient bargaining and financial distress." Journal of Financial Economics 35, no. 2 (1994): 221–47. http://dx.doi.org/10.1016/0304-405x(94)90005-1.
Full text
10
Narayanamoorthy, Ganapathi S., and Hui Zhou. "Litigation settlements, litigation stakes, and financial distress costs." Australian Journal of Management 41, no. 3 (2016): 459–83. http://dx.doi.org/10.1177/0312896214550532.
Full text
11
Dothan, Michael. "COSTS OF FINANCIAL DISTRESS AND INTEREST COVERAGE RATIOS." Journal of Financial Research 29, no. 2 (2006): 147–62. http://dx.doi.org/10.1111/j.1475-6803.2006.00171.x.
Full text
12
Zaleta, Alexandra Katherine, Julie S. Olson, Vilmarie Rodriguez, et al. "Impact of Cancer Care Financial Assistance Program on client financial toxicity and emotional distress." JCO Oncology Practice 20, no. 10_suppl (2024): 204. http://dx.doi.org/10.1200/op.2024.20.10_suppl.204.
Full textAbstract:
204 Background: The financial impact of cancer can include high out-of-pocket costs, compensatory trade-offs (e.g., postponing treatment), and emotional distress. Cancer Care developed its Financial Assistance (FA) Program to assist with cancer-related costs and reduce client financial and emotional burden. We examined the impact of Cancer Care ’s FA Program on financial toxicity and emotional distress in clients undergoing cancer treatment. Methods: 731 patients enrolled in Cancer Care ’s FA Program (1/23-12/23) completed an evaluation survey. Clients were primarily women (71%); mean age=58 ( SD =13); 47% were non-Hispanic White, 33% non-Hispanic Black, 12% Hispanic. 84% were not employed; median household income $20K; 98% insured. Most frequent diagnoses: breast (26%), multiple myeloma (8%), and colon (5%) cancers; mean years since diagnosis=3 ( SD =6). All were on treatment (85% chemo; 38% radiation; 13% hormone; 11% immunotherapy). We used descriptive and multivariable regression analyses to examine the impact of FA and the correlates of reduced financial stress (yes/no) and emotional distress (not at all–extremely), controlling for socio-demographics. Results: The median grant award was $300 (max: $3000). FA was most often used for transportation (48%), household costs (43%), food (40%), and medical costs (30%). Only 38% of clients were aware of non-insurance financial resources during treatment. Financial compensatory trade-offs included delaying treatment (19%), choosing a less expensive treatment (7%), and stopping treatment (5%). Regarding financial toxicity, 61% reported that FA reduced their financial stress. In logistic regression, factors associated with greater likelihood of reduced financial stress after FA were larger grant amounts ( OR =1.05; p =.04), using FA for transportation ( OR =1.59; p =.00) or medical costs ( OR =1.44; p =.04), and unemployment ( OR =1.69; p =.02). Regarding emotional distress, 67% were distressed/extremely distressed before FA, vs. 25% after FA ( t =-21.72; p =.00). In linear regression, using FA for medical costs was associated with lower distress ( B =-.29; p =.00), and stopping treatment due to finances was associated with higher distress ( B =.52; p =.00), controlling for baseline distress. Using FA for other needs was not significantly associated with reduced financial/emotional distress. 50% said FA met their needs well/very well; 78% were satisfied/very satisfied with the program. Conclusions: Our results show the impact of Cancer Care ’s FA Program on reducing client financial toxicity and emotional distress, known factors in treatment adherence, quality of life, and survival. Notably, use of FA for medical and transportation costs, and grant amount, were significantly associated with improved client outcomes. Clients using funds for other basic needs may have multiple stressors requiring comprehensive multilevel support beyond FA alone.
13
Farooq, Muhammad, Shahzadah Fahed Qureshi, and Zahra Masood Bhutta. "Indirect financial distress costs in non-financial firms: evidence from an emerging market." Pacific Accounting Review 33, no. 4 (2021): 417–34. http://dx.doi.org/10.1108/par-09-2020-0127.
Full textAbstract:
Purpose This study aims to analyse 508 financially distressed firm-year observations for the period 2010–2018 of Pakistan Stock Exchange (PSX) listed firms to examine the magnitude of indirect financial distress costs (IFDC) and to investigate which firm-specific variable is relatively important in explaining these indirect costs. This will not only enrich empirical literature but also helpful in cross-country comparison. Design/methodology/approach Optimal model selection along with panel data analysis technique is used to select the most optimal model to observe the findings. Financial distress is measure through Altman’s Z-score and firm-specific variables cover leverage, level of intangible assets, investment policy, tangible assets, firm’s size, level of liquid assets and Tobin’s Q of sample firms. Findings The findings of this study show that the average size of IFDC for the sample observations is 6.70%. In addition to this, finding further suggest that leverage, the level of intangible assets and changes in investment policy have positive while the size of the firm and Tobin’s Q have a significant negative impact on IFDC. Further, this paper argues that the level of tangible assets and liquid assets are statistically unimportant in observing the IFDC for PSX financially distressed firm-year observations. Practical implications The findings of this study provide more insight to corporate managers and investors about the association between firm-specific financial characteristics and IFDC concerning Pakistani firms. Furthermore, this study contributes to the existing literature by adding new evidence from developing countries such as Pakistan which are helpful for regulatory bodies and policymakers in the formulation of long-term strategies to manage the financial distress costs. Originality/value The study extends the body of existing literature on IFDC regarding Pakistan. The results suggest that policymakers may pay special attention to the quality of a firm’s capital structure strategies while predicting corporate financial distress costs.
14
Henry, Georgina, Annabel Webb, Claire Galea, et al. "Out-of-pocket costs for families and people living with cerebral palsy in Australia." PLOS ONE 18, no. 7 (2023): e0288865. http://dx.doi.org/10.1371/journal.pone.0288865.
Full textAbstract:
The most recent cost estimates of cerebral palsy (CP) in Australia did not include out-of-pocket costs for families. This study aimed to: 1) describe and estimate out-of-pocket costs for people with CP and their families by age and gross motor function classification system (GMFCS) level; 2) measure financial distress. A cross-sectional quantitative survey design was used with qualitative approaches to analyse open-ended questions. A CP-specific out-of-pocket costs survey was co-designed with people with lived experience. Adults with CP and carers were recruited from Australian population-based CP Registers and via social media. Sociodemographic variables were analysed descriptively and median (IQR) expenses for health, assistive technology, personal care, housing, occupation, transport, leisure, respite and holidays, by age (0–6; 7–17; 18 years +) and gross motor function [GMFCS level I-II vs III-V] were calculated. The In Charge Financial Distress/Financial Wellbeing Scale measured financial distress. Regression analyses were conducted to investigate costs and financial distress. Additional out-of-pocket costs itemised in open-ended questions were charted. Comments were thematically analysed using the framework approach. 271 surveys were completed for children 0–6 years (n = 47), children/adolescents 7–17 years (n = 124) and adults (n = 100). 94% of participants had out-of-pocket costs associated with CP, with an overall annual median of $4,460 Australian dollars (IQR $11,955). After controlling for income, private insurance and disability funding, the GMFCS III-V group had costs two times higher than the GMFCS I-II group (2.01; 95% CI 1.15–3.51). Age was not significantly associated with costs. 36% of participants had high to overwhelming financial distress; this was not associated with age or GMFCS level after controlling for financial factors. Families had several additional disability costs. Open-ended responses revealed experiences of financial concern were influenced by funding scheme experiences, reduced income, uncertainty, access to support networks and an inability to afford CP-related costs. Cost estimates and financial distress indicators should inform policy, funding and clinical decisions when planning interventions to support people with CP and their families.
15
Puspasari, Oktaviani Rita, Salsabila Zahra, Dendi Purnama*, and Sandra Sukma Embuningtyas. "Operating Capacity, Sales Growth, Managerial Agency Costs, Ownership Structure on Financial Distress in Indonesian Companies." Jurnal Ilmu Keuangan dan Perbankan (JIKA) 13, no. 1 (2023): 77–88. http://dx.doi.org/10.34010/jika.v13i1.10680.
Full textAbstract:
This research aims to examine the influence of operational capacity, sales growth, managerial agency costs, managerial ownership, and institutional ownership on financial distress. The research method used is both descriptive and verificative. The study's population comprises companies in the transportation and logistics sector listed on the Indonesia Stock Exchange from 2017 to 2021. A total of 23 companies over five years, resulting in 115 data observations, were selected using purposive sampling. Hypothesis testing was conducted using panel data regression analysis. The research findings indicate that operational capacity and sales growth have a significant negative impact on financial distress. However, managerial agency costs and managerial ownership have a significant positive impact on financial distress. Meanwhile, institutional ownership also has a significant negative impact on financial distress. This study contributes to the corporate governance literature by predicting factors related to financial distress and providing empirical evidence for the use of the Springate Method in predicting financial distress. Keywords: Operating Capacity; Sales Growth; Managerial Agency Costs; Ownership Structure; Financial Distress Abstrak Penelitian ini bertujuan untuk menguji pengaruh kapasitas operasi, pertumbuhan penjualan, biaya keagenan manajerial, kepemilikan manajerial, dan kepemilikan institusional terhadap financial distress. Metode yang digunakan adalah deskriptif dan verifikatif. Populasi penelitian yaitu perusahaan sektor jasa transportasi dan logistik yang terdaftar di Bursa Efek Indonesia tahun 2017-2021. Jumlah sampel sebanyak 23 perusahaan selama 5 tahun atau 115 data observasi menggunakan teknik purposive sampling. Pengujian hipotesis menggunakan analisis regresi data panel. Temuan penelitian menunjukkan bahwa kapasitas operasi dan pertumbuhan penjualan berpengaruh negatif signifikan terhadap kesulitan keuangan. Namun biaya keagenan manajerial dan kepemilikan manajerial berpengaruh positif signifikan terhadap financial distress. Sementara itu, kepemilikan institusional juga berpengaruh negatif signifikan terhadap financial distress. Penelitian ini memberikan literatur mengenai peran mekanisme tata kelola perusahaan dalam memprediksi kesulitan keuangan dan memberikan bukti empiris penggunaan Metode Springate dalam memprediksi kesulitan keuangan. Kata Kunci: Kapasitas Operasional; Pertumbuhan Penjualan; Biaya Agensi Manajerial; Kepemilikan Manajerial; Kesulitan Keuangan
16
Lally, Martin. "The risk-adjusted costs of financial distress: a comment." Applied Economics Letters 17, no. 16 (2010): 1611–13. http://dx.doi.org/10.1080/13504850903085027.
Full text
17
Sanz, Luis J., and Julio Ayca. "Financial distress costs in Latin America: A case study." Journal of Business Research 59, no. 3 (2006): 394–95. http://dx.doi.org/10.1016/j.jbusres.2005.09.014.
Full text
18
Pawitri, Arsinda Inggar, and Muniya Alteza. "ANALISIS PENGARUH LIKUIDITAS, PROFITABILITAS, LEVERAGE, OPERATING CAPACITY, DAN BIAYA AGENSI MANAJERIAL TERHADAP FINANCIAL DISTRESS." Jurnal Fokus Manajemen Bisnis 10, no. 2 (2020): 149. http://dx.doi.org/10.12928/fokus.v10i2.2443.
Full textAbstract:
The aim of this study was to determine the effect of liquidity, profitability, leverage, operating capacity, and managerial agency costs on financial distress in manufacturing companies listed on Indonesia Stock Exchange. The research period used was 2015-2017. The type of this research was associative causal with quantitative approach. The population of this study includes all manufacturing companies listed on Indonesia Stock Exchange. The sampling technique used was purposive sampling, and obtained as many as 84 companies, consists of 42 companies that experienced financial distress, and 42 companies that didn’t experience financial distress as comparison company. Data analysis conducted through logistic regression. Based on this research, it was concluded that liquidity proxied by current ratio had no effect to financial distress. Profitability proxied by return on asset had no effect on financial distress. Leverage proxied by debt to asset ratio had a significant and possitiveeffect on financial distress. Operating capacity proxied with total asset turnover had no effect on financial distress. Managerial Agency costs had no effect on financial distress. The Nagelkerke R Square’s score in this study was 0.491 which means that the ability of liquidity, profitability, leverage, operating capacity, and managerial agency were able to explain the variable of financial distress condition by 49.1%. The remaining of 50.9% dependent variables were explained by other factors outside the model.
19
Lueckmann, Sara L., Nadine Schumann, Christoph Kowalski, and Matthias Richter. "Identifying missing links in the conceptualization of financial toxicity: a qualitative study." Supportive Care in Cancer 30, no. 3 (2021): 2273–82. http://dx.doi.org/10.1007/s00520-021-06643-6.
Full textAbstract:
Abstract Purpose Financial toxicity can have a major impact on the quality of life of cancer survivors but lacks conceptual clarity and understanding of the interrelationships of the various aspects that constitute financial toxicity. This study aims to extract major drivers and mediators along the pathway from cancer-related costs to subjective financial distress from the patients’ experiences to establish a better understanding of financial toxicity as a patient-reported outcome. Methods Qualitative semistructured interviews with 39 cancer patients were conducted in Germany and addressed patient experiences with cancer-related financial burden and distress in a country with a statutory health care system. Transcripts were analyzed using content analysis. Results Several aspects of financial burden need to be considered to understand financial toxicity. The assessment of the ability to make ends meet now or in the future and the subjective evaluation of financial adjustments—namely, the burden of applied financial adjustments and the availability of financial adjustment options—mediate the connection between higher costs and subjective financial distress. Moreover, bureaucracy can influence financial distress through a feeling of helplessness during interactions with authorities because of high effort, non-traceable decisions, or one’s own lack of knowledge. Conclusion We identified four factors that mediate the impact of higher costs on financial distress that should be addressed in further studies and targeted by changes in policies and support measures. Financial toxicity is more complex than previously thought and should be conceptualized and understood more comprehensively in measurements, including the subjective assessment of available adjustment options and perceived burden of financial adjustments.
20
Syaepullah, Rizky, and Eko Atmadji. "Pengaruh Financial Ratio dan Corporate Governance terhadap Financial Distress Perbankan Syariah Indonesia Periode 2013 – 2019." ETNIK: Jurnal Ekonomi dan Teknik 1, no. 2 (2021): 119–31. http://dx.doi.org/10.54543/etnik.v1i2.15.
Full textAbstract:
Profitability and financing efficiency are the main indicators of changes in macroeconomic conditions. In theperiod 2015 – 2018, Islamic banking has not shown positive numbers in profitability and financing efficiency. This shows that the overall development of Islamic banking has not been able to maintain the level of financial health of the company. If Islamic banking cannot maintain the level of financial soundness, then the potential for Islamic banking to experience bankruptcy conditions begins with financial distress conditions becoming greater. This study aims to analyze the effect of financial ratio variables such as financial ratio variables, namely operating costs of operating income, capital adequacy ratio and current ratio and is focused on corporate governance consisting of the board of commissioners and the board of directors that affect financial distress in Islamic banking. Samples were selected by purposive sampling method as many as 14 sharia banks listed on the Indonesia Stock Exchange with a data collection period of 2013 – 2019. The data used is secondary data. Data analysis uses fixed effect model estimation and classic assumption test. The results showed that the variable financial ratio and corporate governance simultaneously affect the condition of financial distress. The conclusion of the study is that the board of directors does not have a significant positive effect on financial distress, but the capital adequacy ratio and current ratio have a significantly positive effect on financial distress. While the operational costs of operating income and the board of commissioners have a significant negative effect on financial distress conditions
21
Ucik, Saputri, and Permata Sari Shinta. "Zmijewski (X-Score) Model for Financial Distress Prediction: Implementing Good Corporate Governance In Indonesia." International Journal of Business Management and Technology 7, no. 1 (2023): 282–89. https://doi.org/10.5281/zenodo.7690398.
Full textAbstract:
Financial distress is an indication that a company's finances are not healthy but are still some distance from bankruptcy. Companies can identify financial problems earlier as a foundation for internal assessment and communication. One of the causes of financial distress is the state of corporate governance. The purpose of this research is to determine the effect of good corporate governance, as proxied by managerial ownership, institutional ownership, an independent board of commissioners, audit committee, and managerial agency costs, on financial distress, as calculated using the Zmijewski model (X-Score), in consumer goods companies listed on the Indonesia Stock Exchange from 2019 to 2021. The sampling technique uses the purposive sampling method and22 consumer goods industry companies met the criteria with 66 data used as research samples. The analytical method used in this research is logistic regression analysis. The results show that the independent board of commissioners has a significant effect on financial distress using the Zmijewski approach. Meanwhile, managerial ownership, institutional ownership, audit committee, and managerial agency costs do not have a significant effect on financial distress with the Zmijewski approach.
22
Zafar, Yousuf, Amy Pickar Abernethy, James A. Tulsky, et al. "Financial distress, communication, and cancer treatment decision making: Does cost matter?" Journal of Clinical Oncology 31, no. 15_suppl (2013): 6506. http://dx.doi.org/10.1200/jco.2013.31.15_suppl.6506.
Full textAbstract:
6506 Background: Financial distress (FD) increases the burden of living with cancer. Even insured patients may experience considerable FD, but little is known about whether patients want to include cost discussions in treatment decision-making. Methods: This is an ongoing cross-sectional study of insured adults with solid tumors on anticancer therapy for ≥1 month. Consecutive patients were surveyed, in person, at a referral center and 3 rural oncology clinics. Participants were asked about FD (via a validated measure), out-of-pocket (OOP) costs, discussion of costs with their doctor, and decision-making. Medical records were reviewed for disease and treatment data. Logistic regression assessed the relationship between FD and cost communication. Results: 119 participants (85% response) had a median age of 60 years (range 27-86). 54% were men, 29% non-white, and 96% completed high school. 81% had incurable cancer. 58% had private insurance. Median income was $50,000/yr. Median OOP costs were $480/mo. The mean FD score (6.7, SD 2.5) corresponded to moderate FD. 19% reported high/overwhelming FD. Overall, 48% (n=57) expressed any desire to discuss costs with their doctor, but only 21% (n=25) had actually done so. Of the 19% with highest FD, 36% (n=8) had discussed costs with a doctor, and 68% (n=15) expressed any desire to discuss costs. The most common reasons for not discussing costs with doctors were: “no problems with costs” (n=47); “want best care regardless of cost” (n=36); and “doctors shouldn’t have to worry about costs” (n=19). Of those who discussed costs with their doctor, 48% (n=12) felt the discussion helped decrease costs. 54% (n=64) wanted their doctors to account for costs in cancer treatment decision-making; 20% (n=24) always wanted costs considered in decision-making. High FD was the only variable associated with greater willingness to discuss costs (adjusted OR 2.81; 95%CI 1.05-7.50; p=0.04). Conclusions: FD was prevalent among insured cancer patients. A large proportion wanted costs discussed with doctors and included in treatment decision-making. Discussing finances may lower costs, but the discussion rarely occurs. Communication and decision-making present a potential focus for intervening on FD.
23
Astuti, Dwi, and Shinta Permata Sari. "TINJAUAN TERHADAP FAKTOR INTERNAL PERUSAHAAN YANG MEMPENGARUHI FINANCIAL DISTRESS (Studi Empiris Pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia)." Duconomics Sci-meet (Education & Economics Science Meet) 1 (July 27, 2021): 370–81. http://dx.doi.org/10.37010/duconomics.v1.5476.
Full textAbstract:
Financial distress is an indication that the company is in financial difficulties. This condition also occurs in banking companies, given the recent pandemic conditions that are disrupted the company's operational activities. Therefore, the company can take preventive measures by having attention to the health performance of the bank using financial ratios. This study aims to analyze the effect of Capital Adequacy Ratio (CAR), Non-Performing Loan (NPL), Return on Assets (ROA), Return on Equity (ROE), and Operational Costs and Income (BOPO) on financial distress. The population in this study are banking companies listed on the Indonesia Stock Exchange for the 2017-2019 period. Sampling is collected using the purposive sampling technique and obtained from 40 banking companies that meet the criteria. Data are analyzed using multiple linear regression. In this study, the result shows that Capital Adequacy Ratio and Operational Costs and Income have an effect on financial distress. Meanwhile, Non-Performing Loans, Return on Assets, and Return on Equity has no effect on financial distress.
24
Luspratama, Rido, Yusuf Ronny Edward, and Namira Ufrida Rahmi. "Profitability Moderates the Effect of Firm Size, Leverage, and Liquidity on Financial Distress." Oblik i finansi, no. 3(101) (2023): 53–64. http://dx.doi.org/10.33146/2307-9878-2023-3(101)-53-64.
Full textAbstract:
A condition in which a company cannot generate sufficient profits, making it unable to meet or pay its financial obligations, is called financial distress. This is typically due to high fixed costs, a high degree of illiquid assets, or revenues sensitive to economic downturns. Financial distress needs to be studied further as it can provide considerations regarding the company's financial conditions and performance before investing to reduce opportunities for investment losses. The financial distress value can also be a benchmark of whether the company management can manage all company assets, effectively and efficiently control costs, and check opportunities for business development. This research aims to determine the effect of company size, leverage and liquidity on financial distress with profitability as a moderating variable. This research used a purposive sampling technique on food and beverage subsector manufacturing companies with a total population of 41 companies into 17 samples with a research period from 2018-2021. The research results show that leverage has a negative and significant effect on financial distress; instead, company size and liquidity have a positive and significant effect on financial distress. Profitability can moderate the influence of company size and liquidity on financial distress but cannot moderate the influence of leverage on financial distress. So, manufacturing companies in the food and beverage sub-sector need to consider company size, leverage, and liquidity as a reference to avoid financial distress. They need to conduct market analysis to understand growth potential and demand before increasing the company's size. Investors need to choose companies with an appropriate size, stable market share, and reasonable leverage ratio for their investments to be successful.
25
Suryani Putri, Deanisyah, and Erinos NR. "Pengaruh Rasio Keuangan, Ukuran Perusahaan Dan Biaya Agensi Terhadap Financial Distress." JURNAL EKSPLORASI AKUNTANSI 2, no. 1 (2020): 2083–98. http://dx.doi.org/10.24036/jea.v2i1.199.
Full textAbstract:
This study discusses financial comparisons, company size and agency costs to financial difficulties. The sample used in this study is a retail company listed on the Stock Exchange in 2016-2018 with a sampling method that is purposive sampling, so a sample of 19 companies is obtained. This study uses logistic regression data analysis techniques. The results showed that profitability, liquidity had a significant negative effect and leverage had a significant positive effect on financial distress, while company size and agency costs had no significant effect on financial distress.
26
Nur, Prasetyo Aji, Nasir Moechammad, Rahma Salsani Iyaz, and Fitriani Nadea. "Financial Review and Financial Distress on Covid 19 Pandemic: A Comparison of Two South East Asia Countries in the Real Estate and Property Sub Sectors." International Journal of Innovative Science and Research Technology 7, no. 8 (2022): 901–8. https://doi.org/10.5281/zenodo.7047272.
Full textAbstract:
Financial distress is a complex problem and continues to exist because all companies in the world have the same potential to experience this condition, so many factors are needed to determine the status of financial distress as an early warning system in volatile economic conditions. This study aims to analyze the effect of leverage, operating cash flow, operating capacity, and agency managerial costs on financial distress and compare it between Indonesia and Malaysia. This research was conducted on real estate and property industry classification companies listed on the Indonesia Stock Exchange and the Malaysia Stock Exchange for the 2018- 2020 period. Sampling was done by the purposive sampling method and yielded 135 data samples. Multiple regression methods, the classical assumption test, and the paired t test were used to test the data. The results of this study indicate that leverage, operating cash flow, and operating capacity have an effect on financial distress conditions in Indonesia and Malaysia, while agency managerial costs have no effect on financial distress conditions. Then, based on the results of the different paired t tests, it shows that there are differences in financial distress conditions in Indonesia before and after the COVID-19 pandemic. On the other hand, there is no difference between the financial distress conditions before and after the pandemic in Malaysia
27
Keasey, Kevin, Julio Pindado, and Luis Rodrigues. "The determinants of the costs of financial distress in SMEs." International Small Business Journal: Researching Entrepreneurship 33, no. 8 (2014): 862–81. http://dx.doi.org/10.1177/0266242614529317.
Full text
28
Mariam, Ridha Siti, and Mira Teram Terawati. "PENGARUH PERTUMBUHAN PENJUALAN TERHADAP FINANCIAL DISTRESS." Jurnal Nusa Akuntansi 2, no. 1 (2025): 633–48. https://doi.org/10.62237/jna.v2i1.210.
Full textAbstract:
Financial Distress is a condition of a company where revenue is unable to cover total costs and meet its obligations at maturity which will cause bankruptcy if not handled immediately. The commonly used financial statement analysis is financial ratios, one of which is sales growth which is used in predicting a company's financial distress. This study aims to determine the influence of Sales Growth on Financial Distress. The methods used are descriptive and verifiable methods with a quantitative approach and the type of data used, namely secondary data with data collection techniques obtained through literature studies and documentation. Sampling technique using purposive sampling. Data testing uses simple linear regression tests. Based on the results of the study, it can be said that Sales Growth has an effect on Financial Distress, which means that sales growth is a signal for companies to predict financial distress.
29
Nadira, Choirunnisa, and Permata Sari Shinta. "Phenomena Affecting Financial Distress through the Springate Method in Indonesia Stock Market." International Journal of Business Management and Technology 7, no. 1 (2023): 299–306. https://doi.org/10.5281/zenodo.7690423.
Full textAbstract:
Financial distress is a phenomenon in a company that experiences bankruptcy because of internal and external factors. If the company experiences financial difficulties, investors will reconsider investing in the company. According to the risk of an unstable company's financial condition. Investors can use financial distress as a guideline in choosing a good firm, depending on its operations and financial management. This study aims to predict financial distress through the Springate method. Factors influencing financial distress are operating capacity, sales growth, operating cash flow, leverage, and managerial agency costs. The research is a manufacturing company of goods and consumer industries sector companies listed on the Indonesia Stock Exchange 2019-2021 consisting of 47 companies. The sampling of this research uses purposive sampling and analysis methods by logistic regression analysis. The results of this study indicated that operating capacity, sales growth, operating cash flow, and leverage affect financial distress. Meanwhile, managerial agency cost factors have no effect on financial distress
30
Buzaglo, Joanne S., Melissa F. Miller, Alexandra K. Zaleta, Jamese Johnson, and Niraj K. Gupta. "Financial toxicity and cancer-related distress among melanoma survivors." Journal of Clinical Oncology 35, no. 15_suppl (2017): 9588. http://dx.doi.org/10.1200/jco.2017.35.15_suppl.9588.
Full textAbstract:
9588 Background: Melanoma survivors are at risk for significant financial burden due to cancer care and out of pocket costs. We explored 1) the financial impact of melanoma and its relationship to cancer-related distress, and 2) survivors’ experiences discussing financial burden with their health care team. Methods: Of 110 melanoma survivors enrolled in the Cancer Support Community’s online Cancer Experience Registry, 56 completed questions about financial impact of cancer and cost of care communication. Participants rated concern (0 = not at all; 4 = very seriously) about 27 items encompassing psychological, emotional, physical and practical concerns; items were summed into a total distress score (mean = 33, SD = 21, range 0-88). Financial impact and overall distress were examined via regression analysis. Results: Participants were 71% female, 89% Caucasian, median age 54, and median time since diagnosis 2.5 years. Total annual income: 34% < $60K; 46% $60K+; 20% not reported. 24% spent $101-250/month on melanoma out of pocket costs; 20% spent $251-500; and 24% spent ≥$500. The top concern was health insurance/money worries (69% moderately to very seriously concerned). Due to medical costs, 57% depleted their savings, 20% borrowed against or used retirement money, 20% used pharmaceutical assistance programs, 13% skipped medicine dosages at least sometimes, and 17% postponed filling prescriptions. Only 28% reported that their health care team spoke to them about cost of care, and 28% were asked about financial distress; 42% desired financial assistance. Financial impact was associated with an increase in overall distress for those with income < $60K (p < .05; interaction p < 0.05). Conclusions: Substantial proportions of melanoma survivors experience financial burden that can impact quality of life, particularly lower income individuals. Although oncologists are encouraged to discuss treatment costs, most patients report they have not had these discussions with providers. These results support the development/evaluation of interventions to enhance doctor-patient communication, and financial counseling to minimize financial burden of melanoma and the risks it can confer for quality of life, course of cancer care, and health outcomes.
31
Nipp, Ryan David, Anne C. Kirchhoff, Douglas Beaty Fair, et al. "Financial burden among survivors of childhood cancer: A report from the Childhood Cancer Survivor Study." Journal of Clinical Oncology 33, no. 29_suppl (2015): 233. http://dx.doi.org/10.1200/jco.2015.33.29_suppl.233.
Full textAbstract:
233 Background: Cancer diagnosis and treatment can be associated with crippling financial burden, but whether this extends long-term into survivorship is unknown. We sought to examine survivors’ out-of-pocket (OOP) medical costs and their effects. Methods: From May 2011-April 2012, we surveyed a randomly selected sample of cancer survivors from the Childhood Cancer Survivor Study to assess survivors’ 1) financial distress, 2) monetary insecurity and 3) cost-motivated health behavior in the past year. We estimated the proportion of survivors with high OOP costs (≥10% of their annual household income). To determine associations between high OOP costs and the 3 outcomes of financial burden noted above, we used logistic regression to calculate odds ratios (OR) and 95% confidence intervals (CI) for each of the outcomes, adjusting for sex, marital status, insurance, employment and income. Results: Of 1,101 mailed surveys, we received 698 (63% response) with a median age of 39 years (range 25-60) and 31 years from diagnosis (range 23-42). 9.3% (n=54) reported high OOP costs. Survivors with high OOP costs were more likely to report financial distress, monetary insecurity and cost-motivated health behavior. Conclusions: Adult survivors of childhood cancer may experience high OOP costs, resulting in significant financial burden. Our findings suggest that survivors’ OOP burdens not only influence their financial distress and monetary insecurities, but may also negatively impact their health behavior. [Table: see text]
32
Kristanti, Farida Titik, Sri Rahayu, and Deannes Isynuwardhana. "Integrating Capital Structure, Financial and Non-Financial Performance: Distress Prediction of SMEs." GATR Accounting and Finance Review 4, no. 2 (2019): 56–63. http://dx.doi.org/10.35609/afr.2019.4.2(4).
Full textAbstract:
Objective – The growth of SMEs in Indonesia is rising from year to year. As an anticipation of bankruptcy, predictions can be made in an integrated means from the perspective of capital structure, financial, and non-financial performance. Methodology/Technique – A sample of 39 companies were selected using purposive sampling during the research period of 2013-2017. The results of the statistical logistic regression show that profitability is an important factor in predicting financial distress of the SMEs in Indonesia. Findings – The operating income to total assets has a negative and significant effect on SMEs financial distress. Meanwhile, retained earnings to total assets have a positive impact. Indonesian SMEs must be efficient in their operational costs to avoid financial distress. Novelty – In addition, sales are also important. If the company's sales are high, and the operational cost efficiency is maintained, the retained earnings will increase. This means that the company will be safe and able to avoid financial distress. Type of Paper: Empirical. Keywords: Capital Structure; Financial; Distress; Non-Financial; Performance. Reference to this paper should be made as follows: Kristanti F T; Rahayu S; Isynuwardhana D; 2019. Integrating Capital Structure, Financial and Non-Financial Performance: Distress Prediction of SMEs, Acc. Fin. Review 4 (2): 56 – 62 https://doi.org/10.35609/afr.2019.4.2(4) JEL Classification: G32, G33, G34.
33
Züger, Andrea, Viktoria Mathies, Katja Mehlis, et al. "Self-reported determinants for subjective financial distress: a qualitative interview study with German cancer patients." BMJ Open 15, no. 1 (2025): e081432. https://doi.org/10.1136/bmjopen-2023-081432.
Full textAbstract:
ObjectivesPatient-reported financial effects of a tumour disease in a universal healthcare setting are a multidimensional phenomenon. Actual and anticipated objective financial burden caused by direct medical and non-medical costs as well as indirect costs such as loss of income can lead to subjective financial distress. To better understand subjective financial distress, the presented study explores self-reported determinants for subjective financial distress in German patients with cancer, aiming to inform a new German-language patient-reported outcome measure for determining the financial effects of a tumour disease.DesignSemistructured interviews with n=18 patients with cancer were conducted between May 2021 and December 2021. Patients were recruited based on a purposive sampling strategy in outpatient and inpatient settings. The interviews were audiorecorded, transcribed verbatim and analysed using qualitative content analysis.SettingParticipants were recruited from two German academic cancer centres, that is, the National Center for Tumor Diseases Heidelberg and Jena University Hospital.Participants18 patients who had undergone cancer-related therapy for at least 2 months were interviewed (10 females).ResultsBased on the results of the qualitative content analysis, we developed a multicomponent construct of determinants that could influence subjective financial distress. The self-reported determinants can be classified into material (savings, good salary, shared rent through shared living, employed partner, paid-off house, potential financial support from family and friends, work-related specifics, consumer restrictions, out-of-pocket-costs and anticipated financial changes), social (social support from friends and family), systemic (administrative hurdlers and insurance cover) and inner personal determinants (coping strategies, change of attitude, character traits).ConclusionSubjective financial distress depends not only on material but also on social, systemic and inner personal determinants. Knowledge of these determinants can inform a new comprehensive German-language instrument for measuring self-reported financial effects of a tumour disease.Trial registration numberNCT05319925.
34
Akhigbe, Aigbe, Anna D. Martin, and Laurence J. Mauer. "Influence of financial distress on foreign exchange exposure." American Journal of Business 29, no. 3/4 (2014): 223–36. http://dx.doi.org/10.1108/ajb-07-2013-0054.
Full textAbstract:
Purpose – The purpose of this paper is to investigate whether a non-monotonic relationship may exist between financial distress and foreign exchange (FX) exposure. The authors hypothesize that firms with higher FX exposures are those with the lowest levels of financial distress because the costs of hedging exceed the benefits and those with highest levels of financial distress due to the conflict of interest between shareholders and bondholders. Design/methodology/approach – The methodology allows for the possibility of a non-monotonic relation between financial distress and FX exposure for firms known to have ex-ante exposures. The approach is to include a Black-Scholes-Merton financial distress measure and standard accounting-based financial distress measures. Findings – The results support the hypothesis of a non-monotonic relationship between financial distress and exposure; companies with the lowest and highest levels of financial distress are willing to bear greater FX exposures. Originality/value – The authors examine whether a non-monotonic relationship may exist between distress and FX exposure. Intuition for this non-monotonic relationship is provided by Stulz (1996) as he describes the risk management practices of firms with low, medium, and high default probabilities.
35
Putri, Wulandari Cahyani, Lindawati Lindawati, and Syamsul Mu'arif. "THE INFLUENCE OF FINANCIAL DISTRESS, DEBT COVENANT AND POLITICAL COST ON ACCOUNTING CONSERVATISM IN BANKING SECTOR FINANCIAL SERVICES COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE." International Journal Management and Economic 2, no. 3 (2023): 49–61. http://dx.doi.org/10.56127/ijme.v2i3.975.
Full textAbstract:
This research aims to prove empirically the effect of financial distress, debt covenants, and political costs on accounting conservatime. This research was conducted in a financial services company in the banking sector listed on the Indonesia Stock Exchange (IDX) in 2016–2020. The research method used is descriptive quantitative. The type of data used is secondary data. Samples were collected using purposive sampling method. The number of companies that were used as research samples were 22 companies with a research period of 5 (five) years, so that 110 samples were obtained. Data processing using Microsoft Office Excel Program and Statistics Program Eviews 9 analyzed descriptive statistics, model suitability test, classical assumption test, coefficient of determination (R2), panel data regression analysis, F statistical test and t statistical test. The results of the F statistical test for financial distress, debt covenants, and political costs variables simultaneously affect accounting conservatism. The results of the t-statistical test for the financial distress variable have a negative effect on accounting conservatism, debt covenants and political costs partially have a positive effect on accounting conservatism.
36
Apriani, Erna. "ANALISIS FAKTOR INTERNAL PERUSAHAAN DAN AGENCY COST TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN RITEL." Jurnal Valuasi: Jurnal Ilmiah Ilmu Manajemen dan Kewirausahaan 2, no. 2 (2022): 800–824. http://dx.doi.org/10.46306/vls.v2i2.112.
Full textAbstract:
This study aims to examine the effect of financial ratios of profitability, liquidity, leverage and agency costs on financial distress. The financial ratios tested are profitability, liquidity, leverage, and agency cost ratios. This type of research is casuality research and the data used is secondary data, the population of this study is retail companies listed on the IDX for the 2018-2020 period, the sampling technique was carried out with purposive sampling techniques, based on the criteria obtained a sample of 13 companies, the data analysis used in this study used binary logistic regression. Based on the results of the research conducted, it shows the results of the profitability ratio of the liquidity ratio, the leverage ratio which has no effect on the possibility of financial distress, and agenct costs affecting the positive direction of the possibility of financial distress. Limitations in this study. First, the study was conducted only on retail companies. Second, this study only focuses on financial factors that can affect financial distress. Third, the research period is only from 2018-2020. These four studies are only focused on research variables. This research contribution can be used as a reference for companies or individuals to analyze the possibility of financial distress, and for academics it can be used as a repression for continuous research
37
Proussaloglou, Ellie, Bonnie J. Yap, Jeremy O'Connor, Christopher Daugherty, and Jonas A. De Souza. "Preferred cost communicator and financial distress (FD) in patients with cancer." Journal of Clinical Oncology 34, no. 7_suppl (2016): 26. http://dx.doi.org/10.1200/jco.2016.34.7_suppl.26.
Full textAbstract:
26 Background: Prior research has shown that cancer patients (pts) are willing to discuss the costs of their care. Professional societies have thus encouraged physicians to discuss these costs with their pts. We assessed the preferred communicator from the pts’ perspective and the predictors of this preference. Methods: Pts with advanced cancers who had completed at least 3 months of chemotherapy were asked for their preferred cost communicator. Pts were allowed to choose one or more cost communicators. Options included physician, financial counselor, social worker, nurse, and other. We collected demographics, therapy type, mood states, income, length of disease (LoD), clinical trial status, ECOG PS, and health-related quality of life (HRQoL). FD was assessed by the COmprehensive Score for financial Toxicity (COST – FACIT) instrument. Multivariable logistic regression was used to identify factors associated with the preferred cost communicator. Results: 233 patients were assessed. Most pts were female (58.4%), Caucasian (66.4%), and privately insured (67.4%). In total, 114 pts (48.9%) preferred speaking about costs to financial counselors, followed by physicians (n = 74, 31.8%), social workers (52, 22.3%), nurses (16, 6.9%), and others (7, 3.0%). In total, 91 patients (39.1%) had no FD, while 142 (60.9%) had some degree of FD. Restricting the analyses by the preferred cost communicator and controlling for sociodemographics, HRQoL, mood states, LoD, clinical trial status, and ECOG PS, the presence of any degree of FD was associated with willingness to discuss costs with financial counselors (OR = 1.94, p = 0.03). In contrast, the absence of FD (OR = 1.93, p = 0.03) was associated with willingness to discuss cancer costs with physicians. A trend was seen with pts on oral therapy willing to discuss costs with their physicians (OR = 1.78, p = 0.06). Lastly, non-Caucasians were more willing to discuss costs with a social worker (OR = 2.28, p=0.01). Conclusions: Physicians are not the preferred cost communicators for pts with FD. These pts are willing to discuss costs with financial counselors. Following an evidence-based approach that integrates patients’ preferences may facilitate the inclusion of cost discussions in clinical practice.
38
Nguyen Khac Quoc, Bao. "Incentives for Financial Risk Management in Vietnamese Enterprises: A Study on Their Determinants." Journal of Asian Business and Economic Studies 22, no. 02 (2015): 85–101. http://dx.doi.org/10.24311/jabes/2015.22.2.02.
Full textAbstract:
This study aims to assess the factors affecting the incentives for financial risk management in Vietnamese enterprises. By employing multivariable binary logistic regression, the author examines the relationship between hedging decisions for firms’ financial risks and their determinants, namely financial distress costs, tax, agency cost of debt, capital-market imperfections and growth opportunity, hedge substitutes, level of managerial utility, level of government influence, and size of firms. The results demonstrate that hedging decisions for financial risks have a positive correlation with costs of financial distress and managerial utility, and a negative correlation with government influence. These findings are agreeable to empirical results of previous researches that work out on the same case.
39
Bassett, Hannah K., Ryan J. Coller, Jimmy Beck, et al. "Financial Difficulties in Families of Hospitalized Children." Journal of Hospital Medicine 15, no. 11 (2020): 652–58. http://dx.doi.org/10.12788/jhm.3500.
Full textAbstract:
BACKGROUND: High costs of hospitalization may contribute to financial difficulties for some families. OBJECTIVE: To examine the prevalence of financial distress and medical financial burden in families of hospitalized children and identify factors that can predict financial difficulties. DESIGN, SETTING, AND PARTICIPANTS: Cross-sectional survey of parents of hospitalized children at six children’s hospitals between October 2017 and November 2018. MAIN OUTCOMES AND MEASURES: The outcomes were high financial distress and medical financial burden. Multivariable logistic regression identified predictors of each outcome. The primary predictor variable was level of chronic disease (complex chronic disease, C-CD; noncomplex chronic disease, NC-CD; no chronic disease, no-CD). RESULTS: Of 644 invited participants, 526 (82%) were enrolled, with 125 (24%) experiencing high financial distress, and 160 (30%) reporting medical financial burden. Of those, 86 (54%) indicated their medical financial burden was caused by costs associated with their hospitalized child. Neither C-CD nor NC-CD were associated with high financial distress. Child-related medical financial burden was associated with both C-CD and NC-CD (adjusted odds ratio [AOR], 4.98; 95% CI, 2.41-10.29; and AOR, 2.57; 95% CI, 1.11-5.93), compared to no-CD. Although household poverty level was associated with both measures, financial difficulties occurred in all family income brackets. CONCLUSION: Financial difficulties are common in families of hospitalized children. Low-income families and those who have children with chronic conditions are at particular risk; however, financial difficulties affect all subsets of the pediatric population. Hospitalization may be a prime opportunity to identify and engage families at risk for financial distress and medical financial burden.
40
Sayida, Nur, and Aminullah Assagaf. "ASSESSING VARIABLES AFFECTING THE FINANCIAL DISTRESS OF STATE-OWNED ENTERPRISES IN INDONESIA (EMPIRICAL STUDY IN NON-FINANCIAL SECTOR)." Business: Theory and Practice 21, no. 2 (2020): 545–54. http://dx.doi.org/10.3846/btp.2020.11947.
Full textAbstract:
The financial distress of state-owned enterprises (SOEs) has become the main focus of numerous researchers due to the ongoing financial burden on the state and their inability to secure independent funding. The purpose of this study is to investigate the variables that affect the financial distress of SOEs in Indonesia that have received government subsidies. This research is a quantitative study conducted using secondary data collected from the Indonesian Stock Exchange, from a total of 19 SOEs from 2014 to 2017. The analysis found that investment (X2INV), leverage (X3LEV), cash flow from operating (X4CFO), and firm size (X5SIZE) have a significant negative effect on financial distress in SOEs. It means that increases in these variables will reduce the potential for corporate financial distress. While the independent working capital (X1WC) variable has no significant effect on financial distress, because it is temporary and has a dynamic change, so it is unable to show its influence on financial distress. SOE’s management that receives government subsidies can increase the amount of profitable investment to increase marginal revenue, thereby reducing financial distress. Higher leverage can reduce the level of financial distress, indicating that management uses debt to finance projects that generate higher marginal revenue than marginal costs. This condition has an impact on increasing operating cash flow. The higher the operating cash flow will reduce financial distress.
41
Gallagher, Kathleen D., Brittnee Barris, Eric Anderson, et al. "Navigating costs of care in women with breast cancer: Examining racial differences in non-treatment costs and financial toxicity in under-resourced populations struggling to afford medical care." Journal of Clinical Oncology 37, no. 27_suppl (2019): 156. http://dx.doi.org/10.1200/jco.2019.37.27_suppl.156.
Full textAbstract:
156 Background: Patients with cancer struggle to afford needed medical care alongside daily financial obligations due to rising healthcare costs. This may be more pronounced among minorities who are less likely to seek resources to mitigate their financial distress. This study sought to identify racial differences in non-treatment costs for under-resourced women with breast cancer who sought assistance from Patient Advocate Foundation (PAF). Methods: This cross-sectional study utilized secondary survey data collected from breast cancer patients receiving case management services from PAF in 2018. Respondents answered questions describing their financial distress and COmprehensive Score for financial Toxicity (COST) tool (0-44 with lower scores indicating worse toxicity). Descriptive statistics were calculated using means and standard deviations (SD) for continuous variables and frequencies for categorical variables. Two sample t-tests were used for bivariate comparisons between racial groups. Results: Of 267 breast cancer patients surveyed, 54% were Caucasian, 29% were African American (AA), and 83% indicated a household income of < $48,000. Cohorts expressed strong dissatisfaction with their financial situation with AA impacted more acutely (78% vs 56%) and acknowledged inability to pay for treatment costs (83% vs 58%). Compared to Caucasians, AAs were more often concerned with transportation costs (33% vs 16%) and with day-to-day living expenses (83% vs 59%). Younger (≤55 years) AA respondents were twice as often unable to meet monthly expenses (60% vs. 27%). Older AA respondents ( > 55 years) reported greater distress than older Caucasians (74% vs 57%), while younger Caucasians reported greater distress than their AA counterparts (72% vs 65%). COST scores differed significantly between Caucasians (mean 13, SD 9) and AAs (mean 11, SD 8; p = 0.04). Conclusions: While the impacts of medical care costs were felt by all survey respondents, under-resourced AA breast cancer patients may be at higher risk for household material hardships as financial resources are diverted toward essential healthcare costs.
42
Marcella, Rini, and Wiwik Utami. "Determinan Financial Distress: A Study on The Property and Real Estate Sector in The Indonesia Stock Exchange." Advances In Social Humanities Research 2, no. 11 (2024): 1216–30. https://doi.org/10.46799/adv.v2i11.302.
Full textAbstract:
The property and real estate sector plays a crucial role in the Indonesian economy but faces significant risks of financial distress. This study aims to identify the determinants of financial distress within this sector, focusing on companies listed on the Indonesia Stock Exchange between 2018 and 2022. The research examines the effects of profitability, liquidity, leverage, interest rates, and inflation on financial distress. Using a quantitative approach, this study applies statistical techniques and regression analysis to secondary data from various property and real estate companies. The findings reveal that: (i) profitability has a negative impact on financial distress, indicating that lower profitability increases the likelihood of financial difficulties; (ii) liquidity also shows a negative relationship with financial distress, meaning reduced liquidity elevates financial risk; (iii) leverage negatively influences financial distress, suggesting that higher debt levels exacerbate financial instability; (iv) rising interest rates contribute to financial distress by increasing borrowing costs, thereby straining company resources; and (v) inflation worsens financial distress by eroding purchasing power and dampening property demand. This study provides valuable insights for stakeholders, including investors and policymakers, to enhance their understanding of financial risk management in the property and real estate sector. The novelty of this research lies in its specific focus on a critical period and sector within the Indonesian economic landscape, addressing key areas of concern for financial stability
43
Pane, Zulfikar Ikhsan, and Ingka Chintya Wangsih. "IMPACT TECHNOLOGICAL CAPITAL ON FINANCIAL DISTRESS." Klabat Accounting Review 5, no. 1 (2024): 63. http://dx.doi.org/10.60090/kar.v5i1.1061.63-72.
Full textAbstract:
The growth of the transportation and logistics sector in Indonesia since 2017 has not been significant until now coupled with the ongoing Covid-19 pandemic which forced companies to adapt to health emergencies through adaptation to technology. This study examines adaptation to technology through the variable of technological capital disclosure to financial distress. Using 92 valid observations in transportation and logistics sector companies, it was concluded that technological capital disclosure has a significant negative effect on financial distress, meaning that the higher the technology adaptation, the more the company has the potential to experience financial distress because the adaptation requires costs plus the research period involving the Covid-19 pandemic.
 Keywords: technology, distress, disclosure
 Pertumbuhan sektor transportasi dan logistik di Indonesia sejak 2017 belum signifikan hingga saat ini ditambah berlangsungnya pandemi Covid-19 yang memaksa perusahaan untuk beradaptasi dengan kondisi kedaruratan kesehatan melalui adaptasi terhadap teknologi. Penelitian ini mengkaji adaptasi terhadap teknologi melalui variabel technological capital disclosure terhadap kesulitan keuangan. Menggunakan 92 observasi valid di perusahan sektor transportasi dan logistik diperoleh kesimpulan technological capital disclosure berpengaruh negatif signifikan terhadap kesulitan keuangan, artinya semakin tinggi adaptasi teknologi maka perusahaan berpotensi mengalami kesulitan keuangan karena adaptasi tersebut membutuhkan biaya ditambah periode penelitian melibatkan pandemi Covid-19.
 Kata Kunci: teknologi, kesulitan, pengungkapan
44
Molina, Carlos A., and Lorenzo A. Preve. "Trade Receivables Policy of Distressed Firms and Its Effect on the Costs of Financial Distress." Financial Management 38, no. 3 (2009): 663–86. http://dx.doi.org/10.1111/j.1755-053x.2009.01051.x.
Full text
45
Liu, Li-Lin (Sunny), Kathryn J. Jervis, Mustafa (Mike) Z. Younis, and Dana A. Forgione. "Hospital financial distress, recovery and closure: Managerial incentives and political costs." Journal of Public Budgeting, Accounting & Financial Management 23, no. 1 (2011): 31–68. http://dx.doi.org/10.1108/jpbafm-23-01-2011-b002.
Full text
46
John, Teresa A. "Accounting Measures of Corporate Liquidity, Leverage, and Costs of Financial Distress." Financial Management 22, no. 3 (1993): 91. http://dx.doi.org/10.2307/3665930.
Full text
47
Yen*, Gili, and Eva C. Yen. "Estimates of Financial Distress Costs Revisited: Evidence from TSE-Listed Firms." Atlantic Economic Journal 36, no. 1 (2008): 121–22. http://dx.doi.org/10.1007/s11293-007-9098-2.
Full text
48
Chino, Fumiko, Jeffrey M. Peppercorn, Christel Rushing, et al. "Out-of-Pocket Costs, Financial Distress, and Underinsurance in Cancer Care." JAMA Oncology 3, no. 11 (2017): 1582. http://dx.doi.org/10.1001/jamaoncol.2017.2148.
Full text
49
Pratiwi, Amelia, Baiq Nurlita Dwi Puspita, and Sony Wahyudi. "The Assessment of Bankruptcy Potential of Sharia Rural Banks in Indonesia." Jurnal Economia 15, no. 1 (2019): 114–34. http://dx.doi.org/10.21831/economia.v15i1.23932.
Full textAbstract:
Abstract:This investigation is intended to assess the possibility of financial problems in Sharia Rural Banks (SBRs) in Indonesia. The financial ratio approach is chosen to measure the financial distress potential of SRBs which assesses the profitability, liquidity, efficiency and capital adequacy of 166 banks from 2013 to 2016. The model of panel estimation uses discriminant analysis is utilized in predicting financial distress in Indonesian SRBs. The outcomes of this research are, firstly, liquidity and efficiency are the most prominent variables in predicting financial difficulties in SRBs. The second is in further analysis of liquidity shows that most SRBs are very aggressive in disbursing credit to small and medium enterprises (SMEs), which are riskier than other economic sectors. In addition, a deeper analysis of bank efficiency indicates that the highest expense component of SRBs' other operating costs is employee and administration costs. Keywords: financial distress, financial ratios, Sharia rural banks, discriminant analysisPengujian Potensi Kebangkrutan Grup Bank Pembiayaan Rakyat Syariah di IndonesiaAbstrakStudi ini bertujuan untuk menilai kemungkinan terjadinya masalah keuangan pada Bank Perkreditan Rakyat Syariah (BPRS) di Indonesia. Pendekatan rasio keuangan dilakukan untuk mengukur kemungkinan terjadinya financial distress yang menilai dari sisi profitabilitas, likuiditas, efisiensi dan kecukupan modal dari 166 bank selama 2013 hingga 2016. Model estimasi panel menggunakan analisis diskriminan diterapkan dalam memprediksi financial distress pada BPRS Indonesia. Hasilnya adalah, pertama, likuiditas dan efisiensi adalah variabel yang paling signifikan dalam memprediksi kesulitan keuangan di BPRS. Kedua, dalam analisis likuiditas lebih lanjut menunjukkan bahwa sebagian besar BPRS cukup agresif dalam mendistribusikan pembiayaan kepada usaha kecil dan menengah (UKM), yang lebih berisiko di bandingkan sektor ekonomi lainnya. Selain itu, analisis yang lebih dalam tentang efisiensi bank menunjukkan bahwa komponen biaya tertinggi dari biaya operasional lain BPRS secara rata-rata adalah biaya pegawai atau karyawan dan administrasi. Kata kunci: financial distress, rasio keuangan, BPRS, analisis diskriminan
50
Nugrahani, Novi, Fita Setiati, and Siti Amerieska. "FACTORS AFFECTING ACCOUNTING CONSERVATISM FOR FOOD AND BEVERAGE SUB SECTOR BETWEEN 2016-2020 PERIOD." FINANCIAL: JURNAL AKUNTANSI 7, no. 2 (2021): 198–206. http://dx.doi.org/10.37403/financial.v7i2.296.
Full textAbstract:
It is challenging that food and beverage sub-sector is growing rapidly these days. As a matter of fact, there are various variables affecting the accounting conservatism in food and beverage industry. The purpose of this study is to determine simultaneously and partially the factors that influence accounting conservatism. These factors are debt covenant, company growth, financial distress, litigation risk, and political costs. The population of this study is the food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period. This study applied purposive sampling technique in selecting the sample of this study. This study used multiple regression analysis using SPSS software. The partial test showed that debt covenant and financial distress had a significant effect on accounting conservatism. Besides, the variables of company growth, financial distress, and political costs had no significant effect on accounting conservatism. Simultaneous test results showed that there was a significant influence of debt covenant, company growth, financial distress, litigation risk, and political costs on accounting conservatism. Further research is encouraged to be conducted on companies listed on IDX from various sub-sectors other than food and beverage to broaden the coverage. Also, it would be interesting to observe other factors affecting accounting conservatism through other periods to compare the results.Keywords: accounting conservatism, food and beverage sub-sector, 2016-2020 period