{"id":"https://openalex.org/W7224746529","doi":"https://doi.org/10.15294/jphi.v9i2.59494","title":"Going Concern Assessment Reform in Bankruptcy: Preventing Premature Liquidation and Protecting Employment","display_name":"Going Concern Assessment Reform in Bankruptcy: Preventing Premature Liquidation and Protecting Employment","publication_year":2026,"publication_date":"2026-10-30","ids":{"openalex":"https://openalex.org/W7224746529","doi":"https://doi.org/10.15294/jphi.v9i2.59494"},"language":"en","primary_location":{"id":"doi:10.15294/jphi.v9i2.59494","doi":"https://doi.org/10.15294/jphi.v9i2.59494","is_oa":true,"landing_page_url":"https://doi.org/10.15294/jphi.v9i2.59494","pdf_url":"https://journal.unnes.ac.id/journals/JPHI/article/download/59494/12040","source":{"id":"https://openalex.org/S4210183587","display_name":"Jurnal Pengabdian Hukum Indonesia (Indonesian Journal of Legal Community Engagement) JPHI","issn_l":"2654-8305","issn":["2654-8305","2654-8313"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315184","host_organization_name":"State University of Semarang","host_organization_lineage":["https://openalex.org/P4310315184"],"host_organization_lineage_names":["State University of Semarang"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Jurnal Pengabdian Hukum Indonesia (Indonesian Journal of Legal Community Engagement) JPHI","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://journal.unnes.ac.id/journals/JPHI/article/download/59494/12040","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5031317089","display_name":"Lucky Dafira Nugroho","orcid":"https://orcid.org/0000-0001-8316-3195","observed_orcids":["https://orcid.org/0000-0001-8316-3195"]},"institutions":[{"id":"https://openalex.org/I3132710747","display_name":"Universitas Trunodjoyo Madura","ror":"https://ror.org/03x2m4d16","country_code":"ID","type":"education","lineage":["https://openalex.org/I3132710747"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Lucky Dafira Nugroho","raw_affiliation_strings":["Faculty of Law, Universitas Trunodjoyo Madura"],"raw_orcid":"https://orcid.org/0000-0001-8316-3195","affiliations":[{"raw_affiliation_string":"Faculty of Law, Universitas Trunodjoyo Madura","institution_ids":["https://openalex.org/I3132710747"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5032999649","display_name":"Rina Yulianti","orcid":"https://orcid.org/0000-0001-8545-9264","observed_orcids":["https://orcid.org/0000-0001-8545-9264"]},"institutions":[{"id":"https://openalex.org/I3132710747","display_name":"Universitas Trunodjoyo Madura","ror":"https://ror.org/03x2m4d16","country_code":"ID","type":"education","lineage":["https://openalex.org/I3132710747"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Rina Yulianti","raw_affiliation_strings":["Faculty of Law, Universitas Trunodjoyo Madura"],"raw_orcid":"https://orcid.org/0000-0001-8545-9264","affiliations":[{"raw_affiliation_string":"Faculty of Law, Universitas Trunodjoyo Madura","institution_ids":["https://openalex.org/I3132710747"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5020660614","display_name":"Djulaeka Djulaeka","orcid":"https://orcid.org/0000-0001-9068-2946","observed_orcids":["https://orcid.org/0000-0001-9068-2946"]},"institutions":[{"id":"https://openalex.org/I3132710747","display_name":"Universitas Trunodjoyo Madura","ror":"https://ror.org/03x2m4d16","country_code":"ID","type":"education","lineage":["https://openalex.org/I3132710747"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Djulaeka Djulaeka","raw_affiliation_strings":["Faculty of Law, Universitas Trunodjoyo Madura"],"raw_orcid":"https://orcid.org/0000-0001-9068-2946","affiliations":[{"raw_affiliation_string":"Faculty of Law, Universitas Trunodjoyo Madura","institution_ids":["https://openalex.org/I3132710747"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5090833723","display_name":"Santi Rima Melati","orcid":"https://orcid.org/0009-0007-2281-0943","observed_orcids":["https://orcid.org/0009-0007-2281-0943"]},"institutions":[{"id":"https://openalex.org/I3132710747","display_name":"Universitas Trunodjoyo Madura","ror":"https://ror.org/03x2m4d16","country_code":"ID","type":"education","lineage":["https://openalex.org/I3132710747"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Santi Rima Melati","raw_affiliation_strings":["Faculty of Law, Universitas Trunodjoyo Madura"],"raw_orcid":"https://orcid.org/0009-0007-2281-0943","affiliations":[{"raw_affiliation_string":"Faculty of Law, Universitas Trunodjoyo Madura","institution_ids":["https://openalex.org/I3132710747"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5138385627","display_name":"Muhammad Sulton Ibnu Aulia Adhan","orcid":"https://orcid.org/0009-0000-0731-4326","observed_orcids":["https://orcid.org/0009-0000-0731-4326"]},"institutions":[{"id":"https://openalex.org/I3132710747","display_name":"Universitas Trunodjoyo Madura","ror":"https://ror.org/03x2m4d16","country_code":"ID","type":"education","lineage":["https://openalex.org/I3132710747"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Muhammad Sulton Ibnu Aulia Adhan","raw_affiliation_strings":["Faculty of Law, Universitas Trunodjoyo Madura"],"raw_orcid":"https://orcid.org/0009-0000-0731-4326","affiliations":[{"raw_affiliation_string":"Faculty of Law, Universitas Trunodjoyo Madura","institution_ids":["https://openalex.org/I3132710747"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5000129108","display_name":"Andrik Dewantara","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Andrik Dewantara","raw_affiliation_strings":["Slawi District Court"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Slawi District Court","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.89505392,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"9","issue":"2","first_page":"957","last_page":"980"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.9955999851226807,"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/T12509","display_name":"Corporate Insolvency and Governance","score":0.9955999851226807,"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/T14291","display_name":"Indonesian Legal and Regulatory Studies","score":0.00419999985024333,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"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/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":9.999999747378752e-05,"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/going-concern-assessment","display_name":"going concern assessment","score":0.8360000252723694},{"id":"https://openalex.org/keywords/insolvency-reform","display_name":"insolvency law reform","score":0.878000020980835},{"id":"https://openalex.org/keywords/pkpu","display_name":"PKPU","score":0.5600000023841858},{"id":"https://openalex.org/keywords/creditor-voting","display_name":"creditor voting","score":0.7049999833106995},{"id":"https://openalex.org/keywords/corporate-sustainability","display_name":"corporate sustainability","score":0.4480000138282776},{"id":"https://openalex.org/keywords/employment-protection","display_name":"employment protection","score":0.7059999704360962},{"id":"https://openalex.org/keywords/indonesian-bankruptcy-law","display_name":"Indonesian bankruptcy law","score":0.7590000033378601},{"id":"https://openalex.org/keywords/comparative-insolvency-law","display_name":"comparative insolvency law","score":0.7039999961853027}],"concepts":[{"id":"https://openalex.org/C504631918","wikidata":"https://www.wikidata.org/wiki/Q152074","display_name":"Bankruptcy","level":2,"score":0.7717999815940857},{"id":"https://openalex.org/C2780414751","wikidata":"https://www.wikidata.org/wiki/Q157470","display_name":"Debtor","level":4,"score":0.6980999708175659},{"id":"https://openalex.org/C45237549","wikidata":"https://www.wikidata.org/wiki/Q1376796","display_name":"Restructuring","level":2,"score":0.5825999975204468},{"id":"https://openalex.org/C159091798","wikidata":"https://www.wikidata.org/wiki/Q157165","display_name":"Creditor","level":3,"score":0.5741000175476074},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5241000056266785},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4927000105381012},{"id":"https://openalex.org/C2779466795","wikidata":"https://www.wikidata.org/wiki/Q337690","display_name":"Postponement","level":2,"score":0.48179998993873596},{"id":"https://openalex.org/C202451310","wikidata":"https://www.wikidata.org/wiki/Q328554","display_name":"Accounts receivable","level":2,"score":0.47909998893737793},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.44850000739097595},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.42149999737739563},{"id":"https://openalex.org/C4163816","wikidata":"https://www.wikidata.org/wiki/Q757382","display_name":"Insolvency","level":2,"score":0.383899986743927},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.3799000084400177},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.36469998955726624},{"id":"https://openalex.org/C2778114724","wikidata":"https://www.wikidata.org/wiki/Q1365583","display_name":"Bad debt","level":3,"score":0.33480000495910645},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.3158000111579895},{"id":"https://openalex.org/C2777973936","wikidata":"https://www.wikidata.org/wiki/Q1109680","display_name":"Small business","level":2,"score":0.3037000000476837},{"id":"https://openalex.org/C69637215","wikidata":"https://www.wikidata.org/wiki/Q702362","display_name":"Default","level":2,"score":0.3034999966621399},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.30230000615119934},{"id":"https://openalex.org/C44725695","wikidata":"https://www.wikidata.org/wiki/Q288156","display_name":"Normative","level":2,"score":0.2955999970436096},{"id":"https://openalex.org/C158129432","wikidata":"https://www.wikidata.org/wiki/Q7766927","display_name":"Statutory law","level":2,"score":0.2922999858856201},{"id":"https://openalex.org/C552854447","wikidata":"https://www.wikidata.org/wiki/Q131201","display_name":"Sustainable development","level":2,"score":0.28839999437332153},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.2874999940395355},{"id":"https://openalex.org/C2984760201","wikidata":"https://www.wikidata.org/wiki/Q1785212","display_name":"Financial distress","level":2,"score":0.28679999709129333},{"id":"https://openalex.org/C4577558","wikidata":"https://www.wikidata.org/wiki/Q384475","display_name":"Accrual","level":3,"score":0.2750999927520752},{"id":"https://openalex.org/C2776957806","wikidata":"https://www.wikidata.org/wiki/Q4895105","display_name":"Interim","level":2,"score":0.2734000086784363},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.265500009059906},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.2651999890804291},{"id":"https://openalex.org/C2780014084","wikidata":"https://www.wikidata.org/wiki/Q1364290","display_name":"Debt restructuring","level":5,"score":0.26159998774528503},{"id":"https://openalex.org/C151913843","wikidata":"https://www.wikidata.org/wiki/Q3454555","display_name":"Dominance (genetics)","level":3,"score":0.2531000077724457}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.15294/jphi.v9i2.59494","doi":"https://doi.org/10.15294/jphi.v9i2.59494","is_oa":true,"landing_page_url":"https://doi.org/10.15294/jphi.v9i2.59494","pdf_url":"https://journal.unnes.ac.id/journals/JPHI/article/download/59494/12040","source":{"id":"https://openalex.org/S4210183587","display_name":"Jurnal Pengabdian Hukum Indonesia (Indonesian Journal of Legal Community Engagement) JPHI","issn_l":"2654-8305","issn":["2654-8305","2654-8313"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315184","host_organization_name":"State University of Semarang","host_organization_lineage":["https://openalex.org/P4310315184"],"host_organization_lineage_names":["State University of Semarang"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Jurnal Pengabdian Hukum Indonesia (Indonesian Journal of Legal Community Engagement) JPHI","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.15294/jphi.v9i2.59494","doi":"https://doi.org/10.15294/jphi.v9i2.59494","is_oa":true,"landing_page_url":"https://doi.org/10.15294/jphi.v9i2.59494","pdf_url":"https://journal.unnes.ac.id/journals/JPHI/article/download/59494/12040","source":{"id":"https://openalex.org/S4210183587","display_name":"Jurnal Pengabdian Hukum Indonesia (Indonesian Journal of Legal Community Engagement) JPHI","issn_l":"2654-8305","issn":["2654-8305","2654-8313"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315184","host_organization_name":"State University of Semarang","host_organization_lineage":["https://openalex.org/P4310315184"],"host_organization_lineage_names":["State University of Semarang"],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Jurnal Pengabdian Hukum Indonesia (Indonesian Journal of Legal Community Engagement) JPHI","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions","score":0.666700005531311}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7224746529.pdf","grobid_xml":"https://content.openalex.org/works/W7224746529.grobid-xml"},"referenced_works_count":41,"referenced_works":["https://openalex.org/W1768002432","https://openalex.org/W2076112762","https://openalex.org/W2624248011","https://openalex.org/W2971740151","https://openalex.org/W3004140364","https://openalex.org/W3012493019","https://openalex.org/W3083097438","https://openalex.org/W3184771667","https://openalex.org/W3211094283","https://openalex.org/W4220799371","https://openalex.org/W4297994635","https://openalex.org/W4310788705","https://openalex.org/W4312527006","https://openalex.org/W4312874387","https://openalex.org/W4313636910","https://openalex.org/W4323891748","https://openalex.org/W4382461823","https://openalex.org/W4389446876","https://openalex.org/W4390889014","https://openalex.org/W4400569261","https://openalex.org/W4403147976","https://openalex.org/W4403957955","https://openalex.org/W4404652116","https://openalex.org/W4404761401","https://openalex.org/W4404761428","https://openalex.org/W4410048561","https://openalex.org/W4411185729","https://openalex.org/W4411729820","https://openalex.org/W4411850416","https://openalex.org/W4412820111","https://openalex.org/W4412853825","https://openalex.org/W4415145135","https://openalex.org/W4416131084","https://openalex.org/W4416553751","https://openalex.org/W7118160989","https://openalex.org/W7126037365","https://openalex.org/W7131355484","https://openalex.org/W7140132437","https://openalex.org/W7161707577","https://openalex.org/W7163001118","https://openalex.org/W7196981000"],"related_works":["https://openalex.org/W7118160989","https://openalex.org/W7205000185","https://openalex.org/W4414678976","https://openalex.org/W7208757674","https://openalex.org/W7098513085","https://openalex.org/W7223215830","https://openalex.org/W7128940627","https://openalex.org/W4313636910","https://openalex.org/W7165009965","https://openalex.org/W7221111199"],"abstract_inverted_index":{"Bankruptcy":[0],"and":[1,57,91,93,117,134,150,198,211,217],"postponement":[2],"of":[3,14,62,78,81,84,101,124,221],"debt":[4],"repayment":[5],"obligations":[6],"in":[7,11,33,87,126],"Indonesia":[8],"face":[9],"problems":[10],"the":[12,15,20,27,51,59,76,79,82,88,99,131,135,181,187,219,222],"application":[13,100],"going":[16,85],"concern":[17,86],"principle":[18,83],"because":[19],"debtor's":[21],"business":[22,66,194],"sustainability":[23],"has":[24,50,145],"not":[25,146],"been":[26],"basis":[28],"for":[29],"an":[30,148],"objective":[31,151],"assessment":[32,152],"determining":[34],"restructuring":[35],"or":[36],"liquidation.":[37],"The":[38,128,138,201],"PKPU":[39,92,188],"system,":[40],"which":[41],"relies":[42],"on":[43,191],"creditor":[44],"voting":[45],"weighted":[46],"by":[47],"receivable":[48],"value,":[49,216],"potential":[52],"to":[53,74,154,171,179,205],"entrench":[54],"majority-creditor":[55],"dominance":[56],"disregard":[58],"commercial":[60],"viability":[61],"a":[63,95,114,122],"debtor":[64],"whose":[65],"is":[67,177],"still":[68],"worth":[69],"preserving.":[70],"This":[71,106],"study":[72,107,123],"aims":[73],"analyze":[75],"weaknesses":[77],"regulation":[80],"bankruptcy":[89,143],"system":[90],"formulate":[94],"reform":[96],"model":[97],"through":[98,121],"Going":[102,182],"Concern":[103,183],"Assessment":[104,184],"System.":[105],"uses":[108],"normative":[109],"legal":[110,119],"research":[111],"methods":[112],"with":[113],"legislative,":[115],"conceptual,":[116],"comparative":[118],"approach":[120],"settings":[125],"Indonesia,":[127],"Netherlands,":[129],"Germany,":[130],"United":[132,136],"States,":[133],"Kingdom.":[137],"findings":[139],"indicate":[140],"that":[141],"Indonesian":[142],"law":[144],"provided":[147],"independent":[149],"mechanism":[153],"distinguish":[155],"debtors":[156,164],"who":[157,165],"are":[158,166,203],"experiencing":[159],"temporary":[160],"financial":[161,192],"difficulties":[162],"from":[163],"structurally":[167],"no":[168],"longer":[169],"fit":[170],"maintain":[172,214],"their":[173],"businesses.":[174],"Therefore,":[175],"it":[176],"necessary":[178],"integrate":[180],"System":[185],"within":[186],"framework":[189],"based":[190],"condition,":[193],"prospects,":[195],"recovery":[196],"capabilities,":[197],"professional":[199],"supervision.":[200],"reforms":[202],"expected":[204],"prevent":[206],"premature":[207],"liquidation,":[208],"protect":[209],"workers":[210],"supply":[212],"chains,":[213],"economic":[215],"support":[218],"achievement":[220],"Sustainable":[223],"Development":[224],"Goals.":[225]},"counts_by_year":[],"updated_date":"2026-11-05T12:25:35.769452","created_date":"2026-10-31T00:00:00"}
