{"id":"https://openalex.org/W4368368180","doi":"https://doi.org/10.30737/ekonika.v8i1.3801","title":"Financial Distress in BUMN in Indonesia and Factors Affecting Financial Performance and Health Levels in BUMN Companies","display_name":"Financial Distress in BUMN in Indonesia and Factors Affecting Financial Performance and Health Levels in BUMN Companies","publication_year":2023,"publication_date":"2023-04-30","ids":{"openalex":"https://openalex.org/W4368368180","doi":"https://doi.org/10.30737/ekonika.v8i1.3801"},"language":"en","primary_location":{"id":"doi:10.30737/ekonika.v8i1.3801","doi":"https://doi.org/10.30737/ekonika.v8i1.3801","is_oa":true,"landing_page_url":"http://dx.doi.org/10.30737/ekonika.v8i1.3801","pdf_url":"https://ojs.unik-kediri.ac.id/index.php/ekonika/article/download/3801/2941","source":{"id":"https://openalex.org/S4210233676","display_name":"EKONIKA Jurnal Ekonomi Universitas Kadiri","issn_l":"2502-9304","issn":["2502-9304","2581-2157"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4404676540","host_organization_name":"Universitas Kadiri","host_organization_lineage":["https://openalex.org/P4404676540"],"host_organization_lineage_names":["Universitas Kadiri"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Ekonika : Jurnal Ekonomi Universitas Kadiri","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://ojs.unik-kediri.ac.id/index.php/ekonika/article/download/3801/2941","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5041411325","display_name":"sridewi nur pasha","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I177671886","display_name":"Mercu Buana University","ror":"https://ror.org/00qjgk605","country_code":"ID","type":"education","lineage":["https://openalex.org/I177671886"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Sridewi Nur Pasha","raw_affiliation_strings":["Universitas Mercu Buana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Mercu Buana","institution_ids":["https://openalex.org/I177671886"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5035733033","display_name":"Nur Aisyah F Pulungan","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I177671886","display_name":"Mercu Buana University","ror":"https://ror.org/00qjgk605","country_code":"ID","type":"education","lineage":["https://openalex.org/I177671886"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Nur Aisyah F Pulungan","raw_affiliation_strings":["Universitas Mercu Buana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Mercu Buana","institution_ids":["https://openalex.org/I177671886"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5077741877","display_name":"Sugiyono Madelan","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I177671886","display_name":"Mercu Buana University","ror":"https://ror.org/00qjgk605","country_code":"ID","type":"education","lineage":["https://openalex.org/I177671886"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Sugiyono Madelan","raw_affiliation_strings":["Universitas Mercu Buana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Mercu Buana","institution_ids":["https://openalex.org/I177671886"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I177671886"],"apc_list":null,"apc_paid":null,"fwci":0.5825,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.69489838,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":93},"biblio":{"volume":"8","issue":"1","first_page":"200","last_page":"222"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.7724999785423279,"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":0.7724999785423279,"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/T10019","display_name":"Corporate Finance and Governance","score":0.07460000365972519,"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/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.06920000165700912,"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":0.996999979019165},{"id":"https://openalex.org/keywords/state-owned-enterprises","display_name":"state-owned enterprises","score":0.9430000185966492},{"id":"https://openalex.org/keywords/bumn","display_name":"BUMN","score":0.925000011920929},{"id":"https://openalex.org/keywords/return-on-equity","display_name":"return on equity","score":0.890999972820282},{"id":"https://openalex.org/keywords/capital-expenditure","display_name":"capital expenditure","score":0.996999979019165},{"id":"https://openalex.org/keywords/debt-repayment","display_name":"debt repayment","score":0.4390000104904175},{"id":"https://openalex.org/keywords/financial-performance","display_name":"financial performance","score":0.5950000286102295},{"id":"https://openalex.org/keywords/financial-well-being","display_name":"financial well-being","score":0.4339999854564667},{"id":"https://openalex.org/keywords/infrastructure-companies","display_name":"infrastructure companies","score":0.6600000262260437},{"id":"https://openalex.org/keywords/indonesia","display_name":"Indonesia","score":0.3499999940395355}],"concepts":[{"id":"https://openalex.org/C100363876","wikidata":"https://www.wikidata.org/wiki/Q690661","display_name":"Nonprobability sampling","level":3,"score":0.8310703635215759},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7223855257034302},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.5784828066825867},{"id":"https://openalex.org/C74153512","wikidata":"https://www.wikidata.org/wiki/Q167064","display_name":"Debt-to-equity ratio","level":4,"score":0.5251471996307373},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.5071144104003906},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.4827246367931366},{"id":"https://openalex.org/C2984760201","wikidata":"https://www.wikidata.org/wiki/Q1785212","display_name":"Financial distress","level":2,"score":0.4823148250579834},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.47655871510505676},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.44733792543411255},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.43935781717300415},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3575664162635803},{"id":"https://openalex.org/C99454951","wikidata":"https://www.wikidata.org/wiki/Q932068","display_name":"Environmental health","level":1,"score":0.06821376085281372},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.06579926609992981},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.30737/ekonika.v8i1.3801","doi":"https://doi.org/10.30737/ekonika.v8i1.3801","is_oa":true,"landing_page_url":"http://dx.doi.org/10.30737/ekonika.v8i1.3801","pdf_url":"https://ojs.unik-kediri.ac.id/index.php/ekonika/article/download/3801/2941","source":{"id":"https://openalex.org/S4210233676","display_name":"EKONIKA Jurnal Ekonomi Universitas Kadiri","issn_l":"2502-9304","issn":["2502-9304","2581-2157"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4404676540","host_organization_name":"Universitas Kadiri","host_organization_lineage":["https://openalex.org/P4404676540"],"host_organization_lineage_names":["Universitas Kadiri"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Ekonika : Jurnal Ekonomi Universitas Kadiri","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.30737/ekonika.v8i1.3801","doi":"https://doi.org/10.30737/ekonika.v8i1.3801","is_oa":true,"landing_page_url":"http://dx.doi.org/10.30737/ekonika.v8i1.3801","pdf_url":"https://ojs.unik-kediri.ac.id/index.php/ekonika/article/download/3801/2941","source":{"id":"https://openalex.org/S4210233676","display_name":"EKONIKA Jurnal Ekonomi Universitas Kadiri","issn_l":"2502-9304","issn":["2502-9304","2581-2157"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4404676540","host_organization_name":"Universitas Kadiri","host_organization_lineage":["https://openalex.org/P4404676540"],"host_organization_lineage_names":["Universitas Kadiri"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Ekonika : Jurnal Ekonomi Universitas Kadiri","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.6452000141143799,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4368368180.pdf","grobid_xml":"https://content.openalex.org/works/W4368368180.grobid-xml"},"referenced_works_count":16,"referenced_works":["https://openalex.org/W2521730687","https://openalex.org/W2803940521","https://openalex.org/W2895037027","https://openalex.org/W2906969830","https://openalex.org/W2918128355","https://openalex.org/W2946251918","https://openalex.org/W2962088031","https://openalex.org/W2999002798","https://openalex.org/W3081555464","https://openalex.org/W3108664110","https://openalex.org/W3151598544","https://openalex.org/W3165496053","https://openalex.org/W3183621407","https://openalex.org/W3211005545","https://openalex.org/W4225258288","https://openalex.org/W4239157091"],"related_works":["https://openalex.org/W4310578531","https://openalex.org/W4410329781","https://openalex.org/W7032902633","https://openalex.org/W4221064902","https://openalex.org/W4281985632","https://openalex.org/W2999002798","https://openalex.org/W3134182488","https://openalex.org/W3111190757","https://openalex.org/W7209566731","https://openalex.org/W4405010522"],"abstract_inverted_index":{"This":[0],"research":[1],"aims":[2],"to":[3,37,46,92],"determine":[4],"whether":[5],"there":[6],"is":[7,73,90],"Financial":[8],"Distress":[9],"in":[10,12,20],"BUMN":[11,32,78,114],"Indonesia":[13],"and":[14,25,70,83,89,108],"State":[15,85],"Equity":[16,68,86],"Participation.":[17],"The":[18,39,61],"population":[19],"this":[21],"study":[22,62],"were":[23],"state-owned":[24],"non-problematic":[26],"infrastructure":[27],"companies":[28],"registered":[29],"on":[30,98],"the":[31,99],"court":[33],"website":[34],"from":[35,81],"2016":[36],"2020.":[38],"sampling":[40,45],"technique":[41],"used":[42],"was":[43],"purposive":[44],"obtain":[47],"a":[48],"sample":[49],"of":[50,105],"12":[51],"companies\u2014data":[52],"analysis":[53,59],"techniques":[54],"using":[55],"panel":[56],"data":[57],"regression":[58],"method.":[60],"results":[63],"show":[64],"that":[65],"Return":[66],"On":[67],"(ROE)":[69],"Capital":[71],"Expenditure":[72],"significant":[74],"for":[75],"financial":[76,115],"distress.":[77],"receives":[79],"assistance":[80],"small":[82],"insignificant":[84],"Participation":[87,101],"(PMN)":[88],"paid":[91],"pay":[93],"off":[94],"large":[95],"debts":[96],"based":[97],"assignment":[100],"(PMN),":[102],"Soundness":[103],"Level":[104],"BUMN,":[106],"Liquidity,":[107],"Leverage":[109],"do":[110],"not":[111],"affect":[112],"solving":[113],"problems.":[116]},"counts_by_year":[{"year":2023,"cited_by_count":1}],"updated_date":"2026-10-06T10:28:23.643775","created_date":"2023-05-05T00:00:00"}
