Publication Date: 2023/12/19
Abstract: This study intends to analyze and determine the effectiveness of company financial performance, board gender diversity, and corporate social responsibility (CSR) in preventing and overcoming financial distress in tourism companies (tourism, restaurants, and hotels) that are listed on the Indonesia Stock Exchange (IDX). The data for this research comprise the 18 tourism companies listed on the Indonesia Stock Exchange in 2019-2021. This sampling method was based on purposive sampling. Panel data regression analysis is utilized in this approach to conducting research. This research used the Debt Service Coverage Ratio (DSCR) to measure financial distress. According to the research findings, ROA, current ratio, and board gender diversity have positive impact on DSCR. Despite this, CSR has a negative impact on DSCR. According to the findings of this research, to avoid falling into a state of financial distress, tourism businesses should emphasize financial performance, gender diversity on boards, and corporate social responsibility. Businesses can avoid going bankrupt if they identify the problems causing them financial distress. This allows businesses to make the best possible decisions.
Keywords: DSCR, Financial Distress, Financial Performance, Board Gender Diversity, CSR.
DOI: https://doi.org/10.5281/zenodo.10405124
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23DEC544.pdf
REFERENCES