Publication Date: 2022/12/02
Abstract: The purpose of this study is to find out whether there is Financial Distress in BUMN in Indonesia and State Equity Participation. The population in this study are state-owned infrastructure and non-problem infrastructure companies listed on the website of the Ministry of BUMN RI for the period 2016 to 2020. The sampling technique used is purposive sampling method so that the research sample is 12 companies. The data analysis technique used multiple regression analysis method. The results showed that the Cash Ratio, Return On Assets (ROA), Return On Equity (ROE), Debt to Equity Ratio (DER) and Ebitda had a significant and negative effect on the potential for financial distress. BUMN receive small and insignificant State Equity Participation (PMN) assistance on the basis of the assignment and are paid to pay off large debts. State Equity Participation (PMN) does not affect the ability of BUMN to get out of financial problems, the Health Level of BUMN does not affect the resolution of SOEs' financial problems
Keywords: Financial Ratios, BUMN Health Level, PMN, Financial Distress.
DOI: https://doi.org/10.5281/zenodo.7388602
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT22NOV064.pdf
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