Journal articles on the topic 'Solvency testing'
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ROSENBLOOM, ARTHUR H., and KENNETH W. McGRAW. "Solvency Opinions—A Time For Testing." Business Valuation Review 9, no. 2 (June 1990): 47–50. http://dx.doi.org/10.5791/0882-2875-9.2.47.
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Chattha, Jamshaid Anwar, and Simon Archer. "Solvency stress testing of Islamic commercial banks." Journal of Islamic Accounting and Business Research 7, no. 2 (April 11, 2016): 112–47. http://dx.doi.org/10.1108/jiabr-09-2014-0031.
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Purpose This paper aims to provide a methodology for designing and conducting solvency stress tests, under the standardised approach as per IFSB-15, including the establishment of macro-financial links, running scenarios with variation of assumptions and stress scenario parameters; apply and illustrate this methodology by providing a stylised numerical example through a tractable Excel-based framework, through which Islamic Commercial Banks (ICBs) can introduce additional regulatory requirements and show that they would remain in compliance with all capital requirements after a moderate to severe shock; and identify the potential remedial actions that can be envisaged by an ICB. Design/methodology/approach The paper uses the data of the one of the groups to which certain amendments and related assumptions are applied to develop a stylised numerical example for solvency stress-testing purposes. The example uses a Stress Testing Matrix (STeM; a step-by-step approach) to illustrate the stress-testing process. The methodology of the paper uses a two-stage process. The first stage consists of calculating the capital adequacy ratio (CAR) of the ICB using the IFSB formulae, depending on how the profit sharing investment account (PSIA) are treated in the respective jurisdiction. The second stage is the application of the stress scenarios and shocks. Findings Taking into account the specificities of ICBs such as their use of PSIA, the results highlighted the sensitivity of the CAR of an ICB with respect to the changes in the values of alpha and the proportion of unrestricted PSIA on the funding side. The simulation also indicated that an ICB operating above the minimum CAR could be vulnerable to shocks of various degrees of gravity, thus bringing the CAR below the minimum regulatory requirement and necessitating appropriate remedial actions. Practical implications The paper highlights various implications and relationships arising out of stress testing for ICBs, including the vulnerability of an ICB under defined scenarios, demanding appropriate immediate remedial actions on future capital resources and capital needs. The findings of the paper provide a preliminary discussion on developing a comprehensive toolkit for the ICBs similar to what is developed by the International Monetary Fund Financial Sector Assessment Programme. Originality/value This paper focuses on the gap with respect to the stress testing of capital adequacy. The main contribution of the paper is twofold. The first is the development of an STeM – a step-by-step approach, which provides a method for simulating solvency (i.e. capital adequacy) stress tests for ICBs; the second is the demonstration of the potentially crucial impact of profit-sharing investment accounts and the way they are managed by ICBs (notably the smoothing of profit payouts) in assessing the capital adequacy of the ICBs.
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Hardy, Daniel C., and Christian Schmieder. "Rules of Thumb for Bank Solvency Stress Testing." IMF Working Papers 13, no. 232 (2013): 1. http://dx.doi.org/10.5089/9781475518115.001.
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Jobst, Andreas A., Nobuyasu Sugimoto, and Timo Broszeit. "Macroprudential Solvency Stress Testing of the Insurance Sector." IMF Working Papers 14, no. 133 (2014): 1. http://dx.doi.org/10.5089/9781484346365.001.
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Rahmawati, Annisa, and Achmad Daengs Gatot Soeherman. "PENGARUH PROSPEK KEUANGAN DAN AUDIT TENURE TERHADAP PENERBITAN OPINI AUDIT GOING CONCERN." Jurnal Riset Akuntansi Aksioma 19, no. 1 (June 15, 2020): 46–68. http://dx.doi.org/10.29303/aksioma.v19i1.87.
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This study aims to provide empirical evidence and analyze the effect of the company's financial prospects (consisting of elements of profitability, liquidity, and solvency) and audit tenure on the issuance of going concern audit opinion. This research is a descriptive quantitative research. The population in this study are companies listing on the Indonesia Stock Exchange in the 2014-2018 period. The sample in this study were companies listing on the IDX during that period and experiencing a downward trend in financial prospects. The data used are secondary data obtained from financial statements from the IDX website. The statistical analysis method for testing hypotheses in this study is logistic regression. From the hypothesis testing conducted, the results of statistical testing of this study indicate that solvency is a factor that significantly influences the giving of going concern audit opinion. This indicates that the higher the solvency ratio, the higher the company's expectations for continuing and the lower the probability for the company to accept going-concern audit opinions.
Keywords: Liquidity, Profitability, Solvency, Tenure, Goingconcern.
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Ellis, Colin. "A Globally Consistent Stress Testing Approach." Research in Economics and Management 4, no. 3 (June 24, 2019): p153. http://dx.doi.org/10.22158/rem.v4n3p153.
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This paper describes an approach for stress testing banks that is consistent across economies and geographies, in contrast to common “macro scenario” driven approaches. The latter would require economic scenarios to be both equally likely (in a probabilistic sense) and equally stressful (in a conditional loss sense) across countries in order to be comparable. The paper proposes a three-pronged approach for stressing bank solvency, which incorporates recalibrating pre-crisis Basel capital assumptions, adapting the BIS “expected shortfall” approach for securities, and using granular data for income haircuts. Loan losses are quantified using a simple “multiples” approach, starting from expected outcomes, which is derived from the pre-crisis Basel technical proposal. The approach is practical, can be more granular or conducted at a high level, depending on data availability, and offers a simple way for regulators, investors or risk assessors to compare and contrast stresses in different banking systems. Of the eight bank defaults recorded globally during 2017, this approach would have given a better “rank ordering” for seven of them, indicating the approach adds value to traditional solvency metrics.
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Astutik, Weny, Mulyanto Nugroho, and Nekky Rahmiyati. "THE INFLUENCE OF LIQUIDITY, ACTIVITY, AND SOLVENCY ON STOCK PRICES WITH PROFITABILITY AND CORPORATE SOCIAL RESPONSIBILITY DISCLOUSURE AS INTERVING VARIABLES IN THE RESTAURANT, HOTEL AND TOURISM SUB-SECTOR." Indonesian Journal of Multidisciplinary Science 1, no. 8 (May 25, 2022): 907–25. http://dx.doi.org/10.55324/ijoms.v1i8.159.
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The purpose of this study was to determine the effect of liquidity, activity, and solvency on stock prices by using two intervening variables, namely profitability and CSRD. This research uses the causal explanatory method which is a type of research where the researcher explains the causal relationship between the variables through hypothesis testing, namely testing hypotheses based on the theory that has been formulated previously, and then the data that has been obtained is calculated through a quantitative approach. Liquidity has no significant effect on Profitability, Liquidity has no significant effect on CSRD, Liquidity has no significant effect on Stock Price, Activity has no significant effect on Profitability, Activity has no significant effect on CSRD, Activity has no significant effect on Stock Price, Solvency has no significant effect on Profitability, Solvency has no significant effect on CSRD, Solvency has no significant effect on stock prices, profitability has no significant effect on stock prices, CSRD has no significant effect on stock prices.
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Simamora, Patar, and Muhamad Haerudin. "PENGARUH LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS UNTUK MENGETAHUI KONDISI KEUANGAN YANG BERDAMPAK TERHADAP PREDIKSI FINANCIAL DISTRESS PADA PT BAKRIE & BROTHERS, TBK DAN ANAK PERUSAHAAN." JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) 6, no. 1 (March 27, 2018): 26–33. http://dx.doi.org/10.34203/jimfe.v6i1.465.
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ABSTRACTFinancial distress is a condition experienced by the company caused by severalfactors, namely liquidity, solvency, and profitability. This study was conducted to determinethe effect of liquidity, solvency, and profitability of the financial distress prediction inPT.Bakrie & Brothers, Tbk and subsidiaries as a result of inability of the company to pay offdebt and suffered losses several times in the period 2003-2012. The results showed liquidity,solvency, and profitability in poor condition. This condition is reinforced by the results of theanalysis by using EVA, MVA, and Z-Scores methods. Hypothesis testing using the F testshows F count > F table (8,583 > 2,866) means liqudity, solvency, and profitabilitysimultaneously affect the prediction of finacial distress. While testing the hypothesis using thet test showed the value of the current ratio (2,359 > 2,028) and debt to total assets ratio(4,730 > 2,028) where t count > t table which means the effect on the interest covarege ratio,meanwhile for the return on invesment t count < -t table (-1,150 < -2,028), which meansaffect too the interest covarage ratio.Keywords : Liquidty, Solvency, Profitability, Financial Distress, Current Ratio, Debt ToTotal Assets Ratio, Return On Invesment, Interest Covarage Ratio.
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Bergman, Michael. "Testing government solvency and the No Ponzi Game condition." Applied Economics Letters 8, no. 1 (January 2001): 27–29. http://dx.doi.org/10.1080/135048501750041240.
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Gebang, Anthonius Yanto, and Yusrizal Purba. "EFFECT OF FINANCIAL RATIO ON VALUE COMPANIES WITH FINANCIAL DISTRESS AS INTERVENING VARIABLES IN THE COMPANY MANUFACTURE." Strategic Management Business Journal 2, no. 02 (December 31, 2022): 109–16. http://dx.doi.org/10.55751/smbj.v2i02.54.
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Globalization that has occurred throughout the world has significantly impacted various aspects of the life of the world community. This study aimed to determine the direct effect of liquidity, solvency, profitability, and financial distress on firm value partially and simultaneously, as the indirect effect of liquidity, solvency, and profitability on firm value through financial distress as an intervening variable. This study uses a quantitative approach. In a sample of 28 companies, this study uses SPSS 22. The results of testing the liquidity effect on the firm value obtained t count 2.424 > t table 2.093 and a significance of 0.048 <α = 0.05. The results of testing the effect of solvency on the firm value obtained t count 2.558 > t table 2.093 and a significance of 0.013 <α = 0.05. The results of testing the liquidity effect on the firm value obtained t count 0.098 > t table 2.093 and a significance of 0.922 <α = 0.05. The results of testing the liquidity effect on the firm value obtained t count 2.152 > t table 2.093 and a significance of 0.019 <α = 0.05. Sobel test results show that financial distress cannot mediate the indirect effect of liquidity, solvency, and profitability on firm value. The regression coefficient for the direct effect of liquidity on firm value is 0.739. Meanwhile, the indirect effect of liquidity through financial distress as an intervening variable is -0.03293. JEL Classification: M10, M21, M41
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Marina, Dewi. "PENGARUH SOLVABILITAS TERHADAP DIVIDEN MELALUI PROFITABILITAS PADA PERUSAHAAN LQ45 TAHUN 2011 - 2013 DI BURSA EFEK INDONESIA." MANAJERIAL 3, no. 1 (December 29, 2017): 59. http://dx.doi.org/10.30587/jurnalmanajerial.v3i1.188.
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Dividends are payments made by the company to the shareholders who depend on dividend policy of each company. This study aimed to test the influence of the solvency of the dividend on the company's profitability LQ45 through 2011-2013 in the Indonesia Stock Exchange. This study used a sample of 60 financial statements and tested using the t test and path analysis. Results of testing by t-test showed that the solvency of a direct effect on profitability, solvency does not directly influence the dividend, and directly influence the profitability of the dividend. The results of path analysis on line 1 (p1) that the solvency of the profitability of -0.430 indicates that every increase solvency will cause a decline in profitability, in line 2 (p2) that the solvency of the dividend amounting to -0.062 indicates that every increase solvency will lead to a decrease in the dividend, the lane 3 (p3) is profitability against a dividend of 0.181 indicates that every increase profitability will lead to a dividend increase and in line 4 (p4) that the solvency of the dividend through the profitability of -0.14 indicates that the indirect effect of the dividend solvency through profitability will lead to dividend reduction.
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Cont, Rama, Artur Kotlicki, and Laura Valderrama. "Liquidity at risk: Joint stress testing of solvency and liquidity." Journal of Banking & Finance 118 (September 2020): 105871. http://dx.doi.org/10.1016/j.jbankfin.2020.105871.
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Wage, Sunarto, Hariya Toni, and Rahmat Rahmat. "PENGARUH LIKUIDITAS, SOLVABILITAS, AKTIVITAS, DAN UKURAN PERUSAHAAN TERHADAP PROFITABILITAS PERUSAHAAN DI BURSA EFEK INDONESIA." JURNAL AKUNTANSI BARELANG 6, no. 1 (January 9, 2022): 41–49. http://dx.doi.org/10.33884/jab.v6i1.4558.
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This study aims to examine and analyze the effect of liquidity, solvency, activity, and firm size on the profitability of companies listed on the Indonesia Stock Exchange for the 2016-2021. Profitability is proxied by ROA, liquidity is proxied by CR, solvency is proxied by DER, activity is proxied by Asset turnover, and company size is proxied by Ln (total assets). This study uses an associative quantitative approach with a causal nature. The population in this study are companies listed on the Indonesia Stock Exchange. There are 15 companies selected as samples using purposive sampling method. In this study, the analytical technique used is multiple linear regression analysis. Based on the results of simultaneous hypothesis testing, obtained a significant effect on profitability, with the results of the coefficient of determination test of 87%. Based on the results of partial hypothesis testing, liquidity, solvency, firm size affect profitability while activity has no effect on profitability.
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Irawati, Irawati, and Fitria Ningsih. "Pengaruh Likuiditas dan Solvabilitas Terhadap Rentabilitas Ekonomis pada Koperasi Sawit Usaha Manunggal Desa Seresam Kecamatan Seberida Kabupaten Indragiri Hulu." J-MAS (Jurnal Manajemen dan Sains) 5, no. 1 (April 15, 2020): 48. http://dx.doi.org/10.33087/jmas.v5i1.147.
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This research was conducted at Manunggal Palm Oil Cooperative in Seresam Village, Seberida District, Indragiri Hulu Regency. Researchers. The research was started from 2013 to 2018. The analysis applied the quantitative method with Multiple Linear Regression, Correlation Coefficient and determination and then testing the hypothesis using SPSS Version 21. The result of this research is that liquidity has no effect on economic profitability. While solvency affects economic rentability.While simultaneous liquidity and solvency affect economic profitability.
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Noviyah, Nyi Mas Rizki. "Pengaruh Profitabilitas, Likuiditas, Dan Solvabilitas Terhadap Harga Saham Perbankan Dengan Inflasi Sebagai Variabel Moderating Pada Periode 2007-2015." Jurnal Manajemen dan Bisnis Indonesia 5, no. 2 (February 1, 2018): 133–48. http://dx.doi.org/10.31843/jmbi.v5i2.159.
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The purpose of this study is to analyze the effect of profitability (ROA), liquidity (LDR), and solvency (DER) to the stock price of banking and find out whether inflation moderates the effect of profitability (ROA), liquidity (LDR), and solvency (DER) to the stock price of banking. Data collection method used is the method of research libraries. Data analysis technique used is multiple linear panel regression and hypothesis testing using t-statistics as well as the interaction test Moderated Regression Analysis (MRA) with significance level of 5 percent. Data were processed using Eviews program ver. 6.0. The results showed that the profitability (ROA) and liquidity (LDR) have positive and significant impact to the stock price of banking, but the solvency (DER) have negative and significant impact to the stock price of banking.. In addition, inflation is moderating influence liquidity (LDR) and solvency (DER) to the stock price of banking. While on influence profitability (ROA) to the stock price banking, inflation does not moderate significantly.
Keywords: profitability (ROA), liquidity (LDR), solvency (DER),stock price of banking, inflation
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Dahlan Palenteng. "The Influence of Liquidity and Solvency on Profitability at PT Indofood Makmur Sejahtera, Tbk." Jurnal Multidisiplin Madani 2, no. 12 (December 29, 2022): 4332–42. http://dx.doi.org/10.55927/mudima.v2i12.2110.
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The aim of this research is to determine the effect of liquidity and solvency ratios on profitability at PT Indofood Makmur Sejahtera that produce food and beverage.listed on the IDX. Liquidity (X1) is proxied by current rasio, quick ratio, and cash ratio; Solvency (X2) is proxied by debt to asset ratio, debt to equity ratio. Profitability (Y) is proxied by return on asset ratio, and return on equity ratio. This research took time series data from financial statement in period 2015 to 2021. Data get analyzed by using classical assumption test, simple and multiple linear regression, and hypothesis testing using T test and F test. The results of this research showed that liquidity partially had a negative effect and had no significant effect on profitability. Solvency partially has a positive effect and had significant effect on profitability. Liquidity and solvency simultaneously had no effect on profitability
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Ulfan, Kris, Sutriswanto Sutriswanto, and Gaguk Apriyanto. "Analisis Pengaruh Rasio Early Warning System Terhadap Financial Solvency Pada Perusahaan Asuransi Jiwa Syariah Di Indonesia." Wiga : Jurnal Penelitian Ilmu Ekonomi 8, no. 1 (March 31, 2018): 12–23. http://dx.doi.org/10.30741/wiga.v8i1.232.
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This study aims to examine the influence of the Early Warning System ratio which consist of surplus change ratio, claim load ratio, cost management ratio, liquidity ratio and premium growth ratio to financial solvency of sharia life insurance company in Indonesia period 2012 - 2016. The data used are secondary data obtained from the website of Asosiasi Asuransi Syariah Indonesia ( AASI ). Sampling technique used in this research is purposive sampling. The sample used in this research is 10 sharia life insurance companies . Hypothesis testing by using multiple linear regression analysis. The results of this study prove that financial solvency at the sharia fairyde 2012 - 2016, with an average value of 507.68% with a minimum financial solvency of 126.83 % and a maximum value of 2447.50 %. The variables that affect the financial solvency in this period of research are the ratio of claims expense and liquidity ratio which shows the negative and significant influence. Surplus change ratios, management expense ratios, the ratio of premium growth proved to be no significant effect on financial solvency . The ratio of Early Warning System in this study proved to have an effect on the financial solvency at the predictive ability level of 25.5% as shown in the adjusted R square value. Other variables not found in this research have influence to financial solvency equal to 74,5%.
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Ardianti, Adinda Novia, Elva Nuraina, and Liana Vivin Wihartanti. "Pengaruh Solvabilitas Terhadap Return Saham Dengan Earning Per Share Sebagai Variabel Moderasi." JAMER : Jurnal Akuntansi Merdeka 1, no. 1 (November 19, 2020): 45–50. http://dx.doi.org/10.33319/jamer.v1i1.23.
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Abstract— The purpose of this study is to analyze the effect of solvency on stock returns by using EPS as a moderating variable in the Food and Beverage companies listed on the IDX for the period 2015-2017. This study uses a type of quantitative research with a sampling technique that is purposive sampling. The research observation data were 36 companies. The analysis technique uses descriptive statistical analysis, classic assumption test and hypothesis testing using Moderated Regression Analysis (MRA). The results of the study prove that solvency has a not significant positive effect on stock returns and EPS reinforces the effect of solvency on stock returns. The smaller the level of solvability, the smaller the risk obtained. Keywords—: Solvability; Returns; EPS.
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Pompella, Maurizio, and Antonio Dicanio. "BANK VULNERABILITY AND FINANCIAL SOUNDNESS TESTING: THE BANK RESILIENCE INDEX." Ekonomika 95, no. 3 (January 11, 2017): 52–63. http://dx.doi.org/10.15388/ekon.2016.3.10328.
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The paper presents a stochastic method to test the soundness of accounting based solvency of banks, over a five-year period, and to define a proper capital adequacy level inductively, from a very limited subset of balance sheet indicators. A review of the literature about stress testing and capital adequacy is provided first, aimed to give evidence of the existing approaches in use and their critical aspects. Then, starting from a sample of 246 listed banks, a few balance sheet indicators are considered. Having set a critical threshold for each of them, according to the regulatory prescriptions, their effective values are forced according to different confidence levels, and two separate kinds of vulnerabilities are defined for the individual banks. These values allow to build a “bank Resilience index” (bRi), which is a measure of the capability to stay within the threshold limits (in other words, to remain solvent). We conclude that the approach could constitute a new, powerful alternative to test “financial soundness”, inasmuch it can give evidence of which banks are solvent, actually, as a consequence of a temporarily efficient mix of ratios, and which banks show a higher resilience for being truly much stronger. In effect, the bRi candidates itself to be a major health check indicator, suitable for surveillance purposes.
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Istrate, Costin, and Dumitru Badea. "Financial management of insurance companies in the context of the new regime Solvency II." Proceedings of the International Conference on Business Excellence 11, no. 1 (July 1, 2017): 625–36. http://dx.doi.org/10.1515/picbe-2017-0067.
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Abstract The new solvency regime Solvency II represents a solid and harmonized prudential framework applicable by insurance companies in the European area. Solvency II was implemented in the European Union by adopting Directives 2009/138/EC respectively 2014/51/EU, replacing existing directives regulating solvency former regime, known as Solvency I. Thus, the new European legislation in insurance, applicable from 1 January 2016, was aimed at unifying the main European insurance market and ensuring consumer protection. The responsible authority at EU level with the implementation of the new solvency regime is EIOPA - European Insurance and Occupational Pensions Authority, which dealt in previous periods of testing the European market insurance through organizing quantitative impact studies (last exercise - QIS5, organized in 2011). The main standards derived from Solvency II and also the new IFRS accounting provisions, intended to increase the transparency of risk management and investment, in order to pricing insurance products and profitability of the different classes of insurance rates. Solvency II brings both challenges and opportunities for companies, changing the concept of building protection programs for insured and generating additional concerns about capital requirements in the determination of own funds (basic, auxiliary and surplus) that can be used to meet this requirement. Also estimate realistic and prudent risk assumed by insurance contracts concluded transposed to the insurance companies by recording every technical reserves represent a very important element in order to establish an optimal balance of financial resources. Given the significant overlap between IFRS and Solvency II, insurers will have to improve disclosure requirements of additional information and adjust planning and forecasting. All these measures will increase the efficiency of financial management, a series of operational measures and by providing documented and tested processes. Also, increasing volatility related to financial results will cause insurance companies to deliver predictable results, a process that will produce changes in the financial management optics.
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Nurwita. "Pengaruh Likuiditas Dan Solvabilitas Terhadap Harga Saham Pada PT Martina Berto Tbk." Jurnal Mahasiswa: Jurnal Ilmiah Penalaran dan Penelitian Mahasiswa 4, no. 4 (December 14, 2022): 396–402. http://dx.doi.org/10.51903/jurnalmahasiswa.v4i4.491.
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This study aims to determine the effect of liquidity on stock prices, the effect of solvency on stock prices, and the joint effect of liquidity and solvency on stock prices at PT Martina Berto, Tbk, in 2010-2020. The research method uses quantitative and tests the classical assumptions and analyzes data including regression equations, coefficients of determination and hypothesis testing (t and f). The results showed that there was no significant influence and the ratio of liquidity as a variable (X1) on stock prices at PT. Martina Berto, Tbk in 2010-2020, there is significant influence and solvency as a variable (X2) on stock prices at PT. Martina Berto, Tbk in the 2010-2020 period. And there is a simultaneous and significant influence on Liquidity and Solvability on Share Prices at PT. Martina Berto, Tbk in the 2010-2020 period.
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Jamaludin Iskak, Chintia Clara,. "Analisis Faktor Yang Mempengaruhi Opini Going Concern Dalam Perusahaan Manufaktur Di BEI." Jurnal Paradigma Akuntansi 1, no. 2 (July 30, 2019): 163. http://dx.doi.org/10.24912/jpa.v1i2.4679.
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The purpose of this study is to analyze the effect of liquidity, solvency and profitability on the going concern opinion. Going concern opinion in this research is a dummy variabel. This research uses 155 manufacturing firms listed on Bursa Efek Indonesia (BEI) in 2015-2017 as the population. Sample selection in this study using purposive sampling technique, 99firms are selected as samples. Data analysis and hypothesis testing in this study using software Statistical Product and Service Solution (SPSS) version 23. The result of this research shows that the solvency and profitability has significant effect on going concern opinion.
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Cipollini, Andrea. "Testing For Government Intertemporal Solvency: A Smooth Transition Error Correction Model Approach." Manchester School 69, no. 6 (December 2001): 643–55. http://dx.doi.org/10.1111/1467-9957.00275.
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Turahma, Mawadda, Kasmadi Kasmadi, and Irfan Tanjung. "THE EFFECT OF PROFITABILITY, SOLVABILITY AND FIRM SIZE ON THE AUDIT DELAY ON LISTED COAL MINING COMPANIES ON THE INDONESIA STOCK EXCHANGE." Jurnal Riset Manajemen Indonesia 4, no. 1 (January 31, 2022): 13–21. http://dx.doi.org/10.55768/jrmi.v4i1.88.
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The purpose of this study was to determine the effect of profitability, solvency, and firm size simultaneously and partially on audit delay. This study in coal companies of subsektor listed on the Indonesia Stock Exchange in 2017-2020 period. The analysis used is multiple linear regression analysis with a sample of 15 coal companies. Hypothesis testing is done by f-test and t-test. The key is that simultaneously profitability, solvency, and firm size have a significant effect on audit delay partially. Of the three variables tested, only two variables have an effect on audit delay, namely profitability and firm size, while solvency has no effect on audit delay in coal sub-sector companies listed on the Indonesia Stock Exchange in 2017-2020 period. The closeness of the relationship between the independent variable and the variable is low with the independent contribution to the variable being 23.6%.
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Ayu, Banowaty, and Bunga Indah Bayunitri. "Influence of Profitability, Solvency and Company Size to Audit Report Lag." Jurnal Ekonomi, Bisnis & Entrepreneurship 14, no. 2 (October 15, 2020): 82–87. http://dx.doi.org/10.55208/jebe.v14i2.208.
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The purpose of this study was to determine the effect of profitability, solvency, and company size on audit report lag. This research was motivated by a case of delayed reporting of financial statements to companies listed on the Indonesia Stock Exchange that has an impact on the decline in investor confidence in the company. The research method used the explanatory method. The independent variables in this study are profitability, solvency, and company size, while the dependent variable is the audit report lag. The data used secondary data, obtained through the company's annual financial statement data as research objects. The sample in this study were 10 companies from the population, as many as 50 companies. Hypothesis testing is done by multiple linear regression analysis using the IBM SPSS Statistics 20 program. The results showed that the profitability, solvency, and size of the company affect the audit report lag.
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Meidiyustiani, Rinny, Mia Laksmiwati, Retno Fuji Oktaviani, and Ivo Rolanda. "Peran kebijakan dividen dalam memediasi kinerja keuangan terhadap return saham." Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan 5, no. 4 (November 25, 2022): 1628–39. http://dx.doi.org/10.32670/fairvalue.v5i4.2154.
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This study aims to determine the role of dividend policy as an intervening variable of the company's financial performance which consists of the ratio of liquidity, solvency, activity and profitability to stock returns in public companies that are members of LQ 45 on the Indonesia Stock Exchange during the 2016-2021 period. The type of research is quantitative research with a descriptive approach. With purposive sampling technique, 21 companies were obtained as samples. Analysis and testing of research hypotheses using the Structural Equation Model - Partial Least Square (PLS) method, which is run with SmartPLS version 3.0 software. The results showed that liquidity and activity had an effect, but profitability and solvency had no effect on the Dividend Payout Ratio. Only solvency has an effect, while liquidity, activity and profitability have no effect on stock returns. Furthermore, the Dividend Payout Ratio has no role in mediating financial performance on stock returns.
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Tio, Allend, and Argo Putra Prima. "Analisis Pengaruh Profitabilitas, Likuiditas Dan Solvabilitas Terhadap Nilai Perusahaan Yang Terdaftar Di Bursa Efek Indonesia." Owner 6, no. 1 (January 1, 2022): 443–53. http://dx.doi.org/10.33395/owner.v6i1.605.
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The aims of this research is to analyze and prove the impact of profitability as proxied by return on assets, liquidity proxied by current ratio and solvency as proxied by debt to equity ratio partially and simultaneously on firm value in mining companies that listed on IDX for the 2015-2020 period. The research was conducted with a quantitative approach, with a purposive sampling technique. The analysis technique used is multiple linear regression with partial test hypothesis testing (t test), simultaneous test (F test), and multiple determination coefficient test (R2) with the help of SPSS version 25 program. The results of the study show that 1) profitability is proven significant effect on firm value with a regression coefficient of -0.719; 2) liquidity is proven to have a significant effect on firm value with a regression coefficient of -1.160; 3) solvency has a significant effect on firm value with a regression coefficient of -1.354; and 4) profitability, liquidity and solvency proved to have a significant effect on firm value with a regression coefficient of 0.236. It is mean that profitability, liquidity, and solvency variables simultaneously and partially affect the firm value because the value of sig < 5%. This proves that in a mining company to increase the value of the company, it must pay attention to the profitability, liquidity, and solvency of the company.
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Sari, Sarah Nurlita, Fatimah Fatimah, and Choiriyah Choiriyah. "Pengaruh Likuiditas, Solvabilitas, dan Aktivitas Terhadap Harga Saham Perusahaan Sektor Healthcare yang Terdaftar di Bursa Efek Indonesia." Jurnal Ilmu Sosial, Manajemen, Akuntansi dan Bisnis 3, no. 4 (November 2, 2022): 217–28. http://dx.doi.org/10.47747/jismab.v3i4.867.
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This study aims to determine the effect of liquidity, solvency, and activity on stock prices in healthcare sector companies listed on the Indonesia Stock Exchange. Sampling using non-probability sampling with purposive sampling method, the sample used is 13 companies. The data required is secondary data obtained from the Indonesia Stock Exchange through the website www.idx.co.id and the data collection method is using the documentation method. The analysis technique used in this research is multiple linear analysis technique, classical assumption test and hypothesis testing. The results of the multiple linear regression Y = 47.647 + 243.648X1 + 232.689X2 + 582.943X3), F test (simultaneous test) with Significant of F 0.000 < 0.05, meaning that there is an influence between Liquidity, Solvency, and Activity together on stock prices and t test (Partial Test) on Significant Liquidity 0.000 < 0.05. Thus it can be concluded that Liquidity has a significant influence on prices stocks, the Significant Solvency is 0.034 <0.05. Thus it can be concluded that Solvency has a significant effect on stock prices, Significant Activity is 0.000 < 0.05 thus it can be concluded that activity has a significant effect on stock prices
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Nugroho, Bramantio Adi, Suripto Suripto, and Effriyanti Effriyanti. "Audit Committee, Effectiveness, Bankruptcy Prediction, and Solvency Level Affect Audit Delay." International Journal of Science and Society 3, no. 2 (May 28, 2021): 176–90. http://dx.doi.org/10.54783/ijsoc.v3i2.328.
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This study is to gather empirical evidence on the effectiveness of the Audit Committee, bankruptcy forecasts and audit delay solvency. Various manufacturing industries listed on the Indonesian Börse in 2015-2019 were among the population in this study. A selection from 11 companies with 55 observational data was obtained by using the purposeful sampling technique. Testing of hypotheses and the analyzes is conducted using Eviews-10 for the regression of panel data. The findings showed that the efficacy of the audit committee has no significant impact on audit delays, that bankruptcy predictions have a significant impact on the audit delay and that audit delays have a significant impact on the level of solvency.
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Arfan, Arfan. "PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, SOLVABILITAS, KEPUTUSAN INVESTASI DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN." Jurakunman (Jurnal Akuntansi dan Manajemen) 15, no. 1 (February 14, 2022): 165. http://dx.doi.org/10.48042/jurakunman.v15i1.95.
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This study aims to empirically examine the effect of profitability, company size, solvency investment decisions and debt policy on the value of the company in basic and chemical industry companies listed on the Indonesia Stock Exchange. This study uses a sample of basic and chemical industry companies listed on the Indonesia Stock Exchange during the period 2018 - 2020. Based on the purposive sampling method, the number of basic and chemical industry companies sampled in this study were 20 companies. Hypothesis testing uses panel data regression analysis using the EViews 10.0 program. The results showed that profitability had a positive effect on firm value. Meanwhile, company size, solvency, investment decision and debt policy have no effect on firm value.
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Fatimah, Fatimah, and Dadan Sukardan. "CSR DISCLOSURE, PROFITABILITY AND SOLVENCY TOWARDS FIRM VALUE." Jurnal Riset Akuntansi Kontemporer 10, no. 2 (October 29, 2018): 99–103. http://dx.doi.org/10.23969/jrak.v10i2.1425.
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The Purpose of this research is to empirically examine the effect of CSR Disclosure, Profitability and Solvency towards Firm Value on Mining Company listed in Stock Exchange of each country in ASEAN in 2006-2013. The sampling method used in this research is purposive sampling with criteria of companies that issued their financial and CSR report during the period of 2006-2013. Data obtained from Stock Exchange of each country in ASEAN with the period of 2006 to 2013 and total population of 54 companies. Analysis techniques used in this research is multiple linear regression analysis and hypothesis testing used is partial test (t test) with a significance level of 5% and coefficient of determination test. Statistical test results showed that CSR Disclosure, Profitability and Solvency have no significant effect towards Firm Value.
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Fadilah, Ainun, and M. Rimawan. "ANALISIS RASIO PROFITABILITAS, LIKUIDITAS DAN SOLVABILITAS TERHADAP FINANCIAL DISTREES PADA PT JAYA KONTRUKSI MANGGALA PRATAMA TBK." Jurnal Ekonomi dan Bisnis (EK&BI) 5, no. 1 (June 29, 2022): 97–103. http://dx.doi.org/10.37600/ekbi.v5i1.480.
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The investors who invest will be aware of and ensure the condition of the company whether it is experiencing financial distreesor the company is in good condition. Therefore, it is necessary to conduct a financial analysis of the company by looking at its financial ratios. This study aims toexamine theindependent variables in the form of ProfitabilityRatios, Liquidity Ratios and Solvency Ratios to Financial Distrees as the dependent variable. This research was conducted on the construction companies listed on the Indonesia Stock Exchange in 2011-2020 with a population of 20 years. The sampling technique in this study used purposive sampling which resulted in a sample of 10 years. The analytical method used in this study is the classical assumption test, multiple linear regression analysis and hypothesis testing used SPSS V.21. The results showed that partially the Profitability Ratio variable had a significant effect on financial distrees, Liquidity and Solvency Ratio variables had no significant effect on financial distrees. Simultaneously, Profitability Ratio, Liquidity Ratio and Solvency Ratio have asignificant effect on financial distrees distrees
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Anggraini, Nely, Herlina Pusparini, and Robith Hudaya. "PENGARUH PROFITABILITAS, LIKUIDITAS, DAN SOLVABILITAS TERHADAP OPINI AUDIT GOING CONCERN." Jurnal Aplikasi Akuntansi 6, no. 1 (September 1, 2021): 24–55. http://dx.doi.org/10.29303/jaa.v6i1.106.
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This study aims to test the effect of profitability, liquidity, and solvency to the audit opinion going concern. Testing was conducted at 125 sample of the company service sector listed on the Indonesia Stock Exchange (IDX) in the 2015-2019. This type of research is associative research that aims to know the effect of profitability, liquidity, and solvency on audit opinion going concern. The type of research data is quantitative data with secondary data obtained from the company’s financial statements accessed through the website official IDX and each sample company. Data processing techniques using logistic regression analysis methods with IBM SPSS software application 25. The result of this study indicate that profitability and liquidity have not significant effect on the audit opinion going concern, while but solvency has an significant effect on the audit opinion going concern. Research results can implications for corporate managers, auditors, investors, and creditors in making decisions and analyzing financial condition of the company that was threatened to get audit opinion going concern where it can establish the right policy for the condition.
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Lidya Agustin, Siti Rosyafah, and Tri Lestari. "PENGARUH SOLVABILITAS DAN PROFITABILITAS TERHADAP KINERJA KEUANGAN PERUSAHAAN MANUFAKTUR (Studi Pada Subsektor Pulp dan Paper Yang Terdaftar di BEI Periode 2017-2020)." AKUNTANSI '45 2, no. 1 (May 15, 2021): 16–27. http://dx.doi.org/10.30640/akuntansi45.v2i1.102.
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Financial performance is the result achieved by the company's management to find out in managing company assets effectively during a certain period. An uncertain economy causes a high risk of a company experiencing poor financial performance or bankruptcy, to determine whether a company's financial performance is good or not, it can be seen from the company's ability to pay off its debts through solvency and profitability. The purpose of this study was to determine the effect of solvency and profitability on the company's financial performance. This study uses a quantitative approach with data collection using purposive sampling method. The population of this study are pulp and paper manufacturing companies listed on the Indonesian stock exchange with 8 out of a total of 10 companies. The analytical method used is multiple linear regression analysis with hypothesis testing, namely t test, F test and R² test. The results showed that partially solvency (debt to total asset ratio and debt to equity ratio) had no significant effect on financial performance, and profitability (return on equity and net profit margin) partially had a significant effect on financial performance. Simultaneously solvency (debt to total asset ratio and debt to equity ratio) and profitability (return on assets and net profit margin) have a significant effect on financial performance. Meanwhile, the dominant influence is profitability (net profit margin).
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Bisogno, Marco, Beatriz Cuadrado-Ballesteros, Serena Santis, and Francesca Citro. "Budgetary solvency of Italian local governments: an assessment." International Journal of Public Sector Management 32, no. 2 (March 4, 2019): 122–41. http://dx.doi.org/10.1108/ijpsm-11-2017-0328.
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PurposeThe purpose of this paper is to investigate budgetary solvency (BS) as a part of the financial condition of local governments (LGs), considering that the growing demand for public services is primarily affecting this variable.Design/methodology/approachThe study investigates a sample of 132 Italian LGs with more than 50,000 inhabitants for the period 2005–2014. The authors obtain a set of indicators as proxies of BS, which serve as the dependent variable of a regression model aimed at testing several independent variables which the authors are interested in, namely, financial autonomy, current equilibrium, level of indebtedness and investments.FindingsBS, as well as its three indicators—sustainability, flexibility and vulnerability—are positively related to financial autonomy and current equilibrium and negatively related to the level of indebtedness and investments.Practical implicationsTo cover citizens’ demands for public services guaranteeing sound financial management, policymakers are advised to control both the balance between current revenue and expenses and the level of indebtedness while preserving financial autonomy from external sources.Originality/valueThis study adds fresh insight to the literature on financial health, emphasising the relevance of public financial management.
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Firdarini, Khoirunnisa Cahya, and Dewi Safaatun. "PENGARUH OPINI AUDIT, PROFITABILITAS, LIKUIDITAS, DAN SOLVABILITAS TERHADAP NILAI PERUSAHAAN (STUDI KASUS PADA PERUSAHAAN FOOD AND BEVERAGE)." Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha 30, no. 2 (June 9, 2022): 87–100. http://dx.doi.org/10.32477/jkb.v30i2.363.
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This study aims to determine the effect of audit opinion, profitability, liquidity and solvency on firm value on food and beverage companies listed on the Indonesia Stock Exchange in the 2015-2019 period and using sales growth as control variable. Based on purposive sampling method, we have 100 firm years of total sample. Research model was tested using classic assumption test to ensure that the model free form classic assumption problem. Hypotesis testing used is multiple regression analysis. The result show that only liquidity that have significant effect to firm value. Audit opinion, Profitability, Liquidity, Solvency have not significant effect to firm value. This result indicated that stakeloder only focused their attention to ability of firm in short time. This is related to characteristic of food and beverage companies that have fast moving assets.
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Rizki Saputri, Salsabila, Gendro Wiyono, and Ratih Kusumawardhani. "Profitabilitas, Solvabilitas dan Likuiditas terhadap Nilai Perusahaan." Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah 5, no. 4 (October 15, 2022): 1513–25. http://dx.doi.org/10.47467/alkharaj.v5i4.1746.
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A manufacturing company is a company whose main activity is to obtain goods and services to be processed into finished products through the production process of efficacy sold to customers. Food and beverage companies are one of the categories of the industrial sector on the Indonesia Stock Exchange (IDX) that have the opportunity to grow and develop. The development of this industry can be seen from the growth and development of companies engaged in the food and beverage industry. This study was conducted to determine the effect of Solvency, Profitability, and Liquidity on Food and Beverage Companies listed on the Indonesia Stock Exchange on the Indonesia Stock Exchange for the 2015-2020 period. The nature of the research in this study is quantitative research and the data used are secondary to Profitability, Solvency, Liquidity as independent variables and Company Value as Dependent variables. The object of this study is a manufacturing company listed on the Indonesia Stock Exchange for the 2015-2020 period. In this study, the data used in the annual report of manufacturing companies listed on the Indonesia Stock Exchange (IDX) 2015-2020. The population in this study is all food and beverage sub-sector companies listed on the Indonesia Stock Exchange. The sampling technique used in this study used purposive sampling. The data collection method used by the author is to use the data collection method with internet research, namely the collection of indirect observation data by collecting data on annual financial statements, an overview and development of manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock Exchange for the 2015-2020 period by accessing directly to the address of the www.idx.co.id. Data analysis was carried out by classical assumption testing and for hypothesis testing by multiple linear regression methods. The results of this study show that the profitability ratio measured using Return On Assets (ROA) has a positive and significant effect on company value, solvency ratios measured using Debt Ratio have a positive and significant effect on company value, Liquidity ratios measured using Cash Ratio have a positive and significant effect on company value, Profitability, solvency and liquidity ratios simultaneously have an effect positive and significant to the value of the company
Keywords: Profitability, Solvency, Liquidity, Value Of The Company
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Armereo, Crystha, Pipit Fitri Rahayu, and Hisbullah Basri. "Privatisasi dan Dampaknya Terhadap Kinerja Keuangan Badan Usaha Milik Negara (BUMN) di Bursa Efek Indonesia." Jemasi: Jurnal Ekonomi Manajemen dan Akuntansi 16, no. 2 (December 28, 2020): 48–60. http://dx.doi.org/10.35449/jemasi.v16i2.143.
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This research aims to determine the impact of privatization on the financial performance of State-Owned Enterprises (SOEs) in the Indonesia Stock Exchange. This type of research is comparative, data sources using secondary data with data collection techniques using documentation and literature studies.The population in this research is all State-Owned Enterprises (SOEs) that have been privatized in IDX. The sampling method uses purposive sampling with 5 companies. Data analysis techniques using normality testing, independent sample T-test, and Wilcoxon test. The results showed that there was a difference in the financial performance of SOES after privatization was seen from the ratio of solvency, activity, and solvency with significance values of 0.030, 0.170, and 0.001. Whereas if viewed from the liquidity ratio, the privatization does not give the difference in the financial performance of the State-Owned Enterprises (SOEs) in IDX with a significance value of 0.088. This insulation also finds that privatization has a bad impact on the performance of State-Owned Enterprises (SOEs) from profitability and activity ratios, but has a good impact when viewed from the ratio of solvency and liquidity.
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Ghaisani, Nadhila Putri, and Nurjanti Takarini. "ANALISIS PERTUMBUHAN LABA PADA PERUSAHAAN SEKTOR TRANSPORTASI DAN LOGISTIK DI BEI." SCIENTIFIC JOURNAL OF REFLECTION : Economic, Accounting, Management and Business 5, no. 4 (October 1, 2022): 859–67. http://dx.doi.org/10.37481/sjr.v5i4.562.
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Financial statements are used to find sources of company financial information that aims to analyze the financial performance of a company. Financial ratios are a tool to see profit growth. This study prioritizes the function of financial ratios to the company's profit growth. This research was conducted with the aim of knowing whether or not there is an influence of financial ratios, namely the ratio of liquidity, solvency and activity on the profit growth of companies in the transportation and logistics sector listed on the Indonesia Stock Exchange (IDX). This study used 28 populations. The sample selection used a non-probability sampling technique with purposive sampling type was found to find 19 samples of transportation and logistics companies for the period 2018-2021. Testing the data used consisted of classical assumption and multiple linear regression analysis. The observation results show is that partially the liquidity and solvency variables affect the company's profit growth with a significant negative, while the activity variable affects the company's profit growth with a significant positive. The results of the observation show that the liquidity, solvency and activity variables simultaneously influence the company's profit growth significantly.
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Rosyid and Daffa Haryasalam. "Faktor Pengaruh Nilai Perusahan pada Perusahaan Transportasi yang terdata di Bursa Efek Indonesia Periode 2015 - 2020." CEMERLANG : Jurnal Manajemen dan Ekonomi Bisnis 2, no. 2 (May 21, 2022): 191–201. http://dx.doi.org/10.55606/cemerlang.v2i2.340.
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This study aims to prove the effect of firm size, capital structure, and solvency either partially or simultaneously on firm value in the transportation sub-sector listed on the Indonesia Stock Exchange. The period used in this study is 6 years, starting from 2015-2020. This research uses a quantitative approach with an associative approach. And the sampling technique used in this research is the purposive sampling technique. The type of data used in this research is secondary data. So that the sample in this study amounted to 22 companies that are in the Transportation Sub-Sector listed on the Indonesia Stock Exchange in the 2015-2020 period. The data analysis technique used in this research is descriptive statistical analysis, classical assumption test, multiple linear regression analysis, and hypothesis testing. The results of this study indicate that partially firm size has a positive and significant effect on firm value, partially capital structure has a negative and significant effect on firm value, then partially solvency has a positive and significant effect on firm value. The results of the study simultaneously show that firm size, capital structure, and solvency have an effect on firm value
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Almas Ghassani, Tifani, and Hari Sulistiyo. "THE EFFECT OF PROFITABILITY AND SOLVENCY ON COMPANY VALUE." Jurnal Ekonomi Balance 16, no. 2 (December 26, 2020): 323–27. http://dx.doi.org/10.26618/jeb.v17i2.6712.
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Profitability and Solvency of Company Value partially and simultaneously at the Food Beverage Company, the period used for 4 (four), namely 2015-2018. The data consists of financial statements on the Indonesia Stock Exchange (IDX) in Indonesia in 2015-2018. The data source used is secondary data, the population used in this study Food Beverage Companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2018 period. The analysis used in this research is multiple linear regression, classic assumption test, descriptive statistics, determination analysis, and hypothesis testing. The results of the analysis of profitability data against company value. The obtained count value of 2,860 then when compared with a table of 2.032. Then the results obtained count or equal to 2,860 2,032 received positively. Solvency to Company Value. Obtained count of 2,451 then when compared with table of 2.032. Then the results obtained count 2,451 table 2,032 received positive
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Hernández Barros, Rafael. "Metodología financiera de gestión y cuantificación de riesgos de las entidades aseguradoras." Pecvnia : Revista de la Facultad de Ciencias Económicas y Empresariales, Universidad de León, no. 2011 (March 27, 2013): 81. http://dx.doi.org/10.18002/pec.v0i2011.753.
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El artículo describe las diferentes metodologías financieras de gestión integral de riesgos, detallando tanto aquellas utilizadas tradicionalmente en el sector asegurador para tarificar ycalcular las provisiones, y que ahora están siendo utilizadas para calcular la solvencia y los requerimientos de capital, como los modelos financieros más avanzados, tales como los modelosde “stress testing”, utilizados para analizar lo que podría ocurrir en determinados escenarios; la técnica de modelización del valor en riesgo (VaR), para calcular la pérdida máxima posible dentrode un periodo de tiempo y para un determinado nivel de probabilidad; la teoría del valor extremo, que se centra en el estudio de los extremos de la distribución de pérdidas y ganancias esperadas,tratando de estimar las pérdidas máximas que pueden producirse; y la aplicación de cópulas, para incorporar la dependencia entre diferentes tipos de riesgo. Supone también una aproximación aSolvencia II y a las nuevas exigencias de cuantificación del capital que trae consigo esta nueva legislación europea del sector asegurador.<br /><br />The article describes the different methodologies of financial risk management, featuring both those traditionally used in the insurance industry to estimate insurance, that they are now being used to calculate the solvency and capital requirements, as the more advances financial models as "stress testing", used to analyze what might happen in certain scenarios; the modeling technique of value at risk (VaR), to estimate the maximum possible loss within a period of time and for a certain level of probability; the extreme value theory, which focuses on the study of the ends of the expected losses and income distribution, trying to estimate the maximum losses that may occur; and the application of copulas to incorporate the dependence between different types of risk. It also implies an approach to Solvency II and to the new capital requirements for quantifying capital that brings this new insurance European legislation.
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Hernández Barros, Rafael. "Metodología financiera de gestión y cuantificación de riesgos de las entidades aseguradoras." Pecvnia : Revista de la Facultad de Ciencias Económicas y Empresariales, Universidad de León, Monogr (March 27, 2013): 81. http://dx.doi.org/10.18002/pec.v0imonogr.753.
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El artículo describe las diferentes metodologías financieras de gestión integral de riesgos, detallando tanto aquellas utilizadas tradicionalmente en el sector asegurador para tarificar ycalcular las provisiones, y que ahora están siendo utilizadas para calcular la solvencia y los requerimientos de capital, como los modelos financieros más avanzados, tales como los modelosde “stress testing”, utilizados para analizar lo que podría ocurrir en determinados escenarios; la técnica de modelización del valor en riesgo (VaR), para calcular la pérdida máxima posible dentrode un periodo de tiempo y para un determinado nivel de probabilidad; la teoría del valor extremo, que se centra en el estudio de los extremos de la distribución de pérdidas y ganancias esperadas,tratando de estimar las pérdidas máximas que pueden producirse; y la aplicación de cópulas, para incorporar la dependencia entre diferentes tipos de riesgo. Supone también una aproximación aSolvencia II y a las nuevas exigencias de cuantificación del capital que trae consigo esta nueva legislación europea del sector asegurador.<br /><br />The article describes the different methodologies of financial risk management, featuring both those traditionally used in the insurance industry to estimate insurance, that they are now being used to calculate the solvency and capital requirements, as the more advances financial models as "stress testing", used to analyze what might happen in certain scenarios; the modeling technique of value at risk (VaR), to estimate the maximum possible loss within a period of time and for a certain level of probability; the extreme value theory, which focuses on the study of the ends of the expected losses and income distribution, trying to estimate the maximum losses that may occur; and the application of copulas to incorporate the dependence between different types of risk. It also implies an approach to Solvency II and to the new capital requirements for quantifying capital that brings this new insurance European legislation.
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Manta, Alina, and Roxana Nanu. "The Impact of the Global Financial Crisis on the Management of Banking Risks." Equilibrium 5, no. 2 (December 31, 2010): 33–45. http://dx.doi.org/10.12775/equil.2010.023.
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The international macroeconomic and financial environment has undergone major negative changes since the global financial crisis. The magnitude and intensity of the economic and financial crisis have been underestimated by authorities worldwide. The uncertainties surrounding future developments remain high. In Romania, the main challenges posed by the external sector refer to the worsening perception of risks, including contagion effects from the adverse regional developments, the contraction of external markets, the less readily available external financing and the replacement of global liquidity risk by solvency risk. In spite of this, the banking sector continued to report positive financial soundness indicators, displaying and noticeable financial results. Stress testing analyses indicate a solid absorption capacity of moderate shocks. On the other hand, we proposed ourselves to quantify the degree of correlation between the European and Romanian banking systems through the solvency indicator using the trend analysis.
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Pangestu, Firda Nindy, and Shita Tiara. "Analisis Faktor-Faktor Yang Mempengaruhi Opini Audit Going Concern Pada Perusahaan Real Estate Dan Property Yang Terdaftar Di BEI Tahun 2017-2020." Jurnal Multidisiplin Madani 2, no. 1 (January 30, 2022): 277–98. http://dx.doi.org/10.54259/mudima.v2i1.361.
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This study aims to determine the factors that influence going concern audit opinions on real estate and property companies listed on the Indonesia Stock Exchange in 2017-2020. This study uses an associative quantitative descriptive approach. The type of data in this study is secondary data, in the form of sample company financial statements. The population in this study are real estate and property companies listed on the Indonesia Stock Exchange as many as 53 companies. The sampling method used is purposive sampling method, in order to obtain 25 sample companies with 4 years of research. The data analysis techniques used are factor analysis, descriptive statistical analysis, multicollinearity test, logistic regression analysis, analysis model testing and hypothesis testing. The results of this study partially show that the variables of firm size, KAP reputation, and liquidity have a significant effect on going concern audit opinion. While the variables of audit quality, profitability, solvency, cash flow, and previous year's audit opinion have no significant effect on going concern audit opinion. Then simultaneously the variables of firm size, KAP reputation, audit quality, profitability, liquidity, solvency, cash flow and previous year's audit opinion have a positive and significant effect on going concern audit opinion.
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Astuti, Eni Puji. "The Effect of Working Capital, Liquidity and Solvency on Profitability at PT Nippon Indosari Corpindo, Tbk." Jurnal Ad'ministrare 7, no. 1 (June 30, 2020): 11. http://dx.doi.org/10.26858/ja.v7i1.13578.
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The main attraction for owners of company shareholders lies in the profitability ratio that shows the results of the management of the company's management of the funds invested. This study aims to determine: The Effect of Working Capital, Liquidity and Solvency on the Profitability of PT. Nippon Indosari Corpindo Tbk, both partially and simultaneously. Descriptive quantitative research methods, the data used are secondary data in the form of financial statements of PT. Nippon Indosari Corpindo Tbk, for a period of 9 years from 20010 - 2018 obtained through the IDX (Indonesia Stock Exchange). The analytical method used is the classic assumption test, multiple linear regression analysis, coefficient of determination and hypothesis testing. Based on the analysis results obtained the coefficient of determination (R2) of 0.928 or equal to 92.8%, which means that the contribution made by working capital, liquidity and solvency to profitability reaches 92.8.3% the remaining 7.2% is influenced by other variables which is not researched. Based on the t test partially working capital on profitability there is an effect where tcount -5.847> t table 2.575 and significance value 0.02 <0.05 and partially liquidity on profitability has no effect where tcount 1.846 <t table 2.575 and significance value 0.124> 0.05 and partially solvency to profitability there is the influence of tcount -3.386> ttable 2.575 and significance value 0.02 <0.05 based on the f test simultaneously working capital, liquidity and solvency affect the profitability where Fcount 21.477> Ftable 5.41 with a significant value of 0.003 <0.05
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Isnaeni, Umi, and Yulida Army Nurcahya. "Pengaruh Manajemen Laba, Kompleksitas Operasi Perusahaan, Solvabilitas, dan Opini Audit Terhadap Audit Delay Pada Perusahaan Sektor Industri Barang Konsumsi di Indonesia Untuk Tahun 2017-2019." Jurnal Akuntansi AKUNESA 10, no. 1 (September 30, 2021): 24–34. http://dx.doi.org/10.26740/akunesa.v10n1.p24-34.
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This research purposes to observe the result of Earnings Management, Complexity of Company Operations, Solvency, and Audit Opinions on Audit Delay by the object of research is consumer goods industry sector companies in Indonesia on 2017-2019. This research is include in category of explanatory research which will explain the level of each variable and conduct hypothesis testing to explain the correspondence among the variables in this research. The approachs research is quantitative approach as the data is numbers in the companys financial statements. This research population is Consumer Goods Industry Sector Companies in Indonesia registered on Indonesia Stock Exchange. While, number of samples is 30 corporations in consumer goods industry sector and nominated by purposive sampling technique. The category of data analysis used multiple linear regression analysis using SPSS 23.0 software for windows programs. The existence of substantial result on Audit Delay since the variables of Earnings Management, Complexity of Company Operations, Solvency, and Audit Opinions simultaneously be able to proven in this research. A substantial result is given to Earnings Management on Audit Delay. The Complexity of Company Operations has a substantial positive result on the Audit Delay variable. A substantial negative result is given to Solvency on Audit Delay variable. Meanwhile, Audit Opinions has no substantial result on Audit Delay.
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Rosiyana Dewi, Raden, and Noviola Kaseh. "PENGARUH KONVERGENSI IFRS TERHADAP KUALITAS LAPORAN KEUANGAN PADA PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA." Media Riset Akuntansi, Auditing & Informasi 11, no. 2 (August 9, 2011): 29–62. http://dx.doi.org/10.25105/mraai.v11i2.618.
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This study was conducted to examine the effect of the third application of IAadoption of IFRS (namely PSAK 13 on Investment Property, PSAK 16 on Fixed Assets and PSAK 30 on Rent) particularly on the financial statements of the company. Test conducted on the influence of the application of the convergence of financial performanc as seen from the level of company size, activity, Solvency, Growth, Profitability, an Investment company performance and Testing the effect of convergence on the valu relevance of financial information from the company viewed the relevance value ne income and equity book value to price company stock. The study uses secondary data from the Indonesia Stock Exchange and th Indonesian Capital Market Directory (ICMD) in 2008 and 2009. From 149 non-financia companies (outside the Bank, not Banks Financial Institutions, Securities, an Insurance) with certain criteria, the authors obtained 100 companies are selected a testing samples of a Hypothesis one (H1), whereas samples testing hypothesis two (H2 using the 80 companies. Testing the hypothesis using two models of regression, testin hypothesis one (H1) using the Logistic Regression model (logit) and testing th hypothesis two (H2) using OLS linear regression model. Based on the results of dat analysis, the conclusion that the application of PSAK to IFRS convergence significan effect on financial performance and increased relevance value.Keywords: Convergence GAAP to IFRS, Financial Performance, Value Relevance o Earnings and Book Value Equity.
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Javid, Attiya Y., Umaima Arif, and Abdul Sattar. "Testing the Fiscal Theory of Price Level in Case of Pakistan." Pakistan Development Review 47, no. 4II (December 1, 2008): 763–78. http://dx.doi.org/10.30541/v47i4iipp.763-778.
Full textAbstract:
There are two competing views of the interaction between monetary and fiscal policy and their effects on price stability for policy-maker’s point of view. In the classical view, in Ricardian regimes it is the demand for liquidity and its evolution over time that determines prices. In such a regime fiscal policy is passive, which implies that government bonds are not net wealth [Barro (1974)], and monetary policy works through the interest rate or another instrument to determine prices. In the opposite view which is more recent, a non-Ricardian regime will prevail whenever fiscal policy becomes active1 and does not accommodate or adjust primary surpluses to guarantee fiscal solvency. As a result, the Ricardian equivalence do not hold, and the increase in nominal public debt to finance persistent budget deficits is perceived by private agents as an increase in nominal wealth. In fiscal dominant regime the government’s fiscal policy becomes sustainable through debt deflation that is an increase in prices that wash away the real value of public debt and in turn the real value of financial wealth until demand equals supply and a new equilibrium is reached. In this regime prices are determined by fiscal policy, and inflation becomes a fiscal phenomenon. If, on the other hand, primary surpluses follow an arbitrary process, then the equilibrium path of prices is determined by the requirement known as fiscal solvency; that is, the price level has to jump to satisfy a present value budget constraint called non-Ricardian regime. The basic distinction between the two regimes is that in non-Ricardian regime fiscal policy plays the role where as in Ricardian regime monetary policy provides stability in prices. In FTPL, the results of fiscal and monetary policies depend on which policy has dominant characteristics. The consequences of policies differ depending on the active and passive characteristics of the policy and depending on the characteristics of the following policy. If the policy mix is such that monetary policy is active and fiscal policy is passive, fiscal policy accommodates monetary policies; these policies are called dominant monetary policy by Sargent and Wallace (1981) and Ricardian regime by Woodford (1994, 1995).
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Shastri, Shruti, A. K. Giri, and Geetilaxmi Mohapatra. "Testing the Sustainability of Current Accounts for Major South Asian Economies." South Asia Economic Journal 19, no. 1 (March 2018): 1–21. http://dx.doi.org/10.1177/1391561418761064.
Full textAbstract:
The study assesses the sustainability of current accounts for the panel of five major South Asian economies, namely, India, Pakistan, Bangladesh, Sri Lanka and Nepal for the period 1985–2016. Towards this end, the intertemporal solvency model of Hakkio and Rush (1991) and Husted (1992) has been employed. The panel co-integration test by Westerlund (2007) confirms the long-run relationship between exports and imports but the estimates of the slope coefficient based on GM-FMOLS, GM-DOLS and CCEMG turn out to be less than one indicating the weak sustainability. The weak form of sustainability implies that current account inflows are not equally matched by the outflows underscoring the need for policy interventions. An analysis of the other fundamentals, however, reveals that the non-consumption-dominated import structure, increasing export diversification and broadly declining external debt stocks are welcome signs for the external sustainability of the region. JEL: F30, F32