{"id":"https://openalex.org/W2999475899","doi":"https://doi.org/10.25105/ber.v19i2.5699","title":"The Effect Of Financial Ratios To Financial Distress Using Altman Z-Score Method In Real Estate Companies Listed In Indonesia Stock Exchange Period 2014 - 2018","display_name":"The Effect Of Financial Ratios To Financial Distress Using Altman Z-Score Method In Real Estate Companies Listed In Indonesia Stock Exchange Period 2014 - 2018","publication_year":2019,"publication_date":"2019-11-08","ids":{"openalex":"https://openalex.org/W2999475899","doi":"https://doi.org/10.25105/ber.v19i2.5699","mag":"2999475899"},"language":"en","primary_location":{"id":"doi:10.25105/ber.v19i2.5699","doi":"https://doi.org/10.25105/ber.v19i2.5699","is_oa":true,"landing_page_url":"https://doi.org/10.25105/ber.v19i2.5699","pdf_url":null,"source":{"id":"https://openalex.org/S4210228831","display_name":"Business and Entrepreneurial Review (BER)","issn_l":"0853-9189","issn":["0853-9189","2252-4614"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I147337026","host_organization_name":"Universitas Trisakti","host_organization_lineage":["https://openalex.org/I147337026"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc-sa","license_id":"https://openalex.org/licenses/cc-by-nc-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business and Entrepreneurial Review","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.25105/ber.v19i2.5699","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5074804376","display_name":"Ouw Desiyanti","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ouw Desiyanti","raw_affiliation_strings":["PT. Megapolitan Development"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"PT. Megapolitan Development","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5028517053","display_name":"Wahyoe Soedarmo","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210165309","display_name":"Sampoerna University","ror":"https://ror.org/05t91sk49","country_code":"ID","type":"education","lineage":["https://openalex.org/I4210165309"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Wahyoe Soedarmo","raw_affiliation_strings":["Sampoerna University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sampoerna University","institution_ids":["https://openalex.org/I4210165309"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5003794050","display_name":"Kristian Chandra","orcid":"https://orcid.org/0009-0007-2818-9617","observed_orcids":["https://orcid.org/0009-0007-2818-9617"]},"institutions":[{"id":"https://openalex.org/I147337026","display_name":"Universitas Trisakti","ror":"https://ror.org/019fnr381","country_code":"ID","type":"education","lineage":["https://openalex.org/I147337026"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Kristian Chandra","raw_affiliation_strings":["Trisakti University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Trisakti University","institution_ids":["https://openalex.org/I147337026"]}]},{"author_position":"last","author":{"id":null,"display_name":"Kusnadi Kusnadi","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Kusnadi Kusnadi","raw_affiliation_strings":["IMMI"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"IMMI","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":5.0066,"has_fulltext":false,"cited_by_count":28,"citation_normalized_percentile":{"value":0.95103191,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"19","issue":"2","first_page":"119","last_page":"136"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/3308","display_name":"Law"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-distress","display_name":"financial distress","score":0.8960000276565552},{"id":"https://openalex.org/keywords/altman-z-score","display_name":"Altman Z-score","score":0.8989999890327454},{"id":"https://openalex.org/keywords/financial-ratios","display_name":"financial ratios","score":0.9919999837875366},{"id":"https://openalex.org/keywords/real-estate-companies","display_name":"real estate companies","score":0.9459999799728394},{"id":"https://openalex.org/keywords/return-on-equity","display_name":"return on equity","score":0.9179999828338623},{"id":"https://openalex.org/keywords/debt-equity-ratio","display_name":"debt to equity ratio","score":0.9990000128746033},{"id":"https://openalex.org/keywords/current-ratio","display_name":"current ratio","score":0.9990000128746033},{"id":"https://openalex.org/keywords/financial-situation","display_name":"financial conditions","score":0.3160000145435333},{"id":"https://openalex.org/keywords/indonesia-stock-exchange","display_name":"Indonesia Stock Exchange","score":0.8759999871253967}],"concepts":[{"id":"https://openalex.org/C98014903","wikidata":"https://www.wikidata.org/wiki/Q832161","display_name":"Financial ratio","level":2,"score":0.6416131854057312},{"id":"https://openalex.org/C74153512","wikidata":"https://www.wikidata.org/wiki/Q167064","display_name":"Debt-to-equity ratio","level":4,"score":0.6126231551170349},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5217376947402954},{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.4825250804424286},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.4771953523159027},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.45179250836372375},{"id":"https://openalex.org/C155530773","wikidata":"https://www.wikidata.org/wiki/Q591174","display_name":"Return on equity","level":3,"score":0.4352867603302002},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.4348013401031494},{"id":"https://openalex.org/C135665773","wikidata":"https://www.wikidata.org/wiki/Q2234049","display_name":"Debt ratio","level":3,"score":0.41682493686676025},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.36650049686431885},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.29181426763534546},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.09371355175971985},{"id":"https://openalex.org/C99454951","wikidata":"https://www.wikidata.org/wiki/Q932068","display_name":"Environmental health","level":1,"score":0.0},{"id":"https://openalex.org/C100363876","wikidata":"https://www.wikidata.org/wiki/Q690661","display_name":"Nonprobability sampling","level":3,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.25105/ber.v19i2.5699","doi":"https://doi.org/10.25105/ber.v19i2.5699","is_oa":true,"landing_page_url":"https://doi.org/10.25105/ber.v19i2.5699","pdf_url":null,"source":{"id":"https://openalex.org/S4210228831","display_name":"Business and Entrepreneurial Review (BER)","issn_l":"0853-9189","issn":["0853-9189","2252-4614"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I147337026","host_organization_name":"Universitas Trisakti","host_organization_lineage":["https://openalex.org/I147337026"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc-sa","license_id":"https://openalex.org/licenses/cc-by-nc-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business and Entrepreneurial Review","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.25105/ber.v19i2.5699","doi":"https://doi.org/10.25105/ber.v19i2.5699","is_oa":true,"landing_page_url":"https://doi.org/10.25105/ber.v19i2.5699","pdf_url":null,"source":{"id":"https://openalex.org/S4210228831","display_name":"Business and Entrepreneurial Review (BER)","issn_l":"0853-9189","issn":["0853-9189","2252-4614"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I147337026","host_organization_name":"Universitas Trisakti","host_organization_lineage":["https://openalex.org/I147337026"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc-sa","license_id":"https://openalex.org/licenses/cc-by-nc-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business and Entrepreneurial Review","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W3004490034","https://openalex.org/W2966760151","https://openalex.org/W7081589529","https://openalex.org/W4294266811","https://openalex.org/W7220826590","https://openalex.org/W2409840568","https://openalex.org/W3026828426","https://openalex.org/W2913633873","https://openalex.org/W4406149025","https://openalex.org/W2899342162"],"abstract_inverted_index":{"Purpose":[0],"-":[1,23,66,188,203],"The":[2,44,67,189],"purpose":[3],"of":[4,13,115,132,156,211,222],"this":[5],"paper":[6,25,205],"is":[7,191],"to":[8,54,144,182,200,207,226],"find":[9],"out":[10],"the":[11,118,125,129,153,201,220],"effect":[12,78,90,107],"Financial":[14,17],"Ratio":[15],"on":[16,79,91,108],"Distress":[18],"using":[19],"Z-Score":[20,80,92,109],"Altman":[21,110],"method.Design/Methodology/approach":[22],"This":[24,204],"uses":[26],"data":[27,42],"from":[28,139,159,177],"21":[29],"property":[30],"and":[31,64,72,85,193,218],"real":[32,119,227],"estate":[33,120,228],"companies":[34,116,133,141,146,151,161,166,170,179,184,229],"listed":[35],"in":[36,117,136,142,147,152,162,167,180,185],"BEI":[37],"period":[38],"2014-2018":[39],"with":[40,150,171],"105":[41],"observations.":[43],"variables":[45],"used":[46,232],"are":[47,231],"ROE":[48,71],"(Return":[49],"On":[50],"Equity),":[51],"DER":[52,84],"(Debt":[53],"Equity":[55],"Ratio),":[56,59],"CR":[57,86],"(Current":[58],"WCR":[60,73],"(Working":[61],"Capital":[62],"Ratio)":[63],"Z-Score.Findings":[65],"results":[68],"show":[69],"that":[70,99,134,230],"have":[74,87,104],"a":[75,105,172],"positive":[76],"significant":[77,89,106],"Altman's":[81,93],"financial":[82,94,111,113,137,154,174,213,216,223],"distress,":[83],"negative":[88],"distress.":[95],"While":[96,169],"simultaneously":[97],"shows":[98],"at":[100],"least":[101],"one":[102],"variable":[103],"distress.The":[112],"condition":[114,155,175],"sector":[121],"has":[122],"worsened":[123],"over":[124],"years,":[126],"marked":[127],"by":[128],"increasing":[130],"number":[131],"were":[135],"distress":[138,217,224],"5":[140],"2014":[143,163,181],"9":[145,165],"2018.":[148,168],"Likewise":[149],"gray":[157],"areas":[158],"8":[160,178],"became":[164],"healthy":[173],"decreased":[176],"3":[183],"2018.Research":[186],"limitation/implications":[187],"sample":[190],"small,":[192],"consequently,":[194],"findings":[195],"may":[196],"not":[197],"be":[198],"generalisable":[199],"population.Originality/value":[202],"aims":[206],"obtain":[208],"empirical":[209],"evidence":[210],"how":[212],"ratios":[214],"affect":[215],"also":[219],"exposure":[221],"probabilities":[225],"as":[233],"research":[234],"samples.":[235]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":8},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":8},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2020-01-23T00:00:00"}
