ANALYSIS OF GOING CONCERN FACTORS FOR COMPANIES
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Abstract
This study aims to determine the effect of financial distress, profitability, leverage, liquidity and company growth on going concern audit opinions companies in the 2018-2021 period listed on the Indonesia Stock Exchange. Purposive sampling was used as a sample selection method. So that there are 228 samples of company data listed on the Indonesia Stock Exchange for the 2018-2021 period. Logistic regression is used as a method of data analysis because the dependent variable uses a dummy variable as a measuring instrument. The results show that financial distress has an effect on going concern, profitability has an effect on going concern, leverage has an effect on going concern, liquidity has an effect on going concern and growth has an effect on going concern.
References
Agustina TA, Zulaikha. 2013. Factors Affecting the Audit Opinion Decision Going Concern Auditors on Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX). Journal of Accounting Diponegoro University 02: 1-14.
Azhar A, Hardy, Ricky RS. 2014. The Effect of Audit Lag, Profitability, and Audit Quality on Giving Going Concern Audit Opinions to Wholesale and Retail Trade Companies Listed on the IDX for the 2010-2012 Period. Journal of Economics and Business Education, University of Riau 06: 73-85.
Astuti SE. 2014. Analysis of the Effect of Profitability, Dividend Policy, Debt Policy, and Managerial Ownership on the Value of Manufacturing Companies Listed on the Indonesia Stock Exchange for the Period 2010 – 2012. National Seminar and Call Paper 01: 325 – 336.
Cashmere. 2013. Analysis of Financial Statements. Jakarta: Rajawali Press.
Dewi D, Sudiartha G. 2017. The Effect of Profitability, Company Size, and Asset Growth on Capital Structure and Firm Value. Udayana University Management E-Journal 6: 2222–2252.
Data on Manufacturing Companies registered on the Indonesia Stock Exchange, accessed from http://www.idx.co.idon May 25, 2022.
Ellen, Juniarti. 2013. Implementation of Good Corporate Governance, Its Impact on Prediction of Financial Distress in the Various Industries and Consumer Goods Sector. Business Accounting Review 01:1-13.
Fahmi I, 2013. Analysis of Financial Statements. Bandung: Alphabeta.
Fatmawati A. 2017. Factors Affecting Financial Distress (Study on Manufacturing Companies on the IDX). Journal of Accounting Science and Research (JIRA) 06:1-17.
Ghozali I. 2016. Application of Multivariate Analysis With IBM SPSS Program 23. Semarang: Diponegoro University Publishing Agency.
GW Succession, Lastanti HS. 2016. The Effect of Previous Year's Audit Opinion, Auditor Reputation, Company Size, Profitability, Liquidity, And Solvency on Giving Going Concern Audit Opinions, Trisakti University Economic Journal. 10:01-15.
Hanafi, Mamduh M, Halim A. 2014, Analysis of Financial Statements 2nd Edition. Yogyakarta: UPP AMP YKPN.
Harjito Y. 2015. Analysis of the Trend of Accepting Going Concern Audit Opinions in Manufacturing Companies. Journal of Accounting University of Muhammadiyah Surakarta 19: 31-49.
Hidayah, N., & Firmansyah, A. 2020. Implementation of corporate liquidation in Indonesia: accounting and juridical studies. Scientific Journal of Wahana Accounting, 15(2), 184-196
Hutagaol J, Manurung E, Simanjuntak DN. 2021. Analysis of the Effect of Company Size, Auditor Quality, Profitability, and Liquidity on Going Concern Audit Opinions on Service Companies Listed on the Indonesia Stock Exchange for the 2016-2018 Period. Indonesian Adventist University Accounting Journal 14: 111-123.
Indonesian Institute of Accountants (IAI). 2015. Statement of Financial Accounting Standards Number 1 Concerning the Presentation of Financial Statements. Jakarta: IAI.
Indriastuti, M. 2016. The Effect of Profitability and Liquidity on the Acceptance of Going Concern Audit Opinions. Scientific Journal of Economics, 11:1-12.
Indonesian Institute of Certified Public Accountants (IAPI), 2011. Statement of Auditing Standards (PSA) No. 30 concerning the Auditor's Consideration of the Entity's Ability to Maintain as a going concern. Jakarta: IAPI.
Krissindiastuti M, Rasmini NK. 2016. Factors Affecting Going Concern Audit Opinion. Journal of Economics, Udayana University, 14: 451-481.
Mulyadi. 2013. Accounting System. Jakarta: Salemba Empat.
Ningsih AW. 2019. The Effect of Profitability, Leverage, Company Size and Book Tax Difference on Earnings Management (Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange 2015-2017). Journal of Accounting and Taxes, 19:1-7.
Noeriyanto MHR. 2019. The Effect of Profitability, Leverage, and Liquidity to Predict Financial Distress in the Mining Sector Listed on the IDX 2013–2017. Dissertation is not published. Surabaya: STIE Perbanas Postgraduate Program.
Nugroho L, Nurrohmah S, Anasta, L. 2018. Factors Affecting Going Concern Audit Opinions. Journal of Attitude 02: 96-111.
Nugeraheny N, Ghozali I. 2019. Analysis of the Factors Influencing the Issuance of Going Concern Warnings (Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange in 2017). Journal of Accounting Diponegoro University 8: 01-12.
Qintara YN. 2020. The Effect of Financial Distress and Company Size on the Acceptance of Going Concern Audit Opinions. Islamic University Accounting Journal '45', accessed from Online Media in December 2020.
Please SS. 2013. Critical Analysis of Financial Statements. Jakarta: PT Raja Grafindo Persada.
Rahman HA. 2020. Acceptance of Going Concern Audit Opinion Based on Leverage And Financial Distress. Journal of Economics, University of Mercu Buana, 11: 15-22.
Scott WR. 2015. Financial Accounting Theory Sevent Edition. Canada: Library And Archives Canada Cataloging In Publication.
Selviani A, Heni. 2017. The Effect of Profitability, Leverage, and Company Size on Earnings Management (Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange 2014-2016). Unpublished Thesis. Yogyakarta: Faculty of Economics and Business, Sanata Dharma University.
Setiawan AA, Rahayu S. 2015. The Effect of Profitability, Liquidity, and Company Growth on the Acceptance of Going Concern Modified Audit Opinions (Study on Transportation Sector Companies Listed on the IDX for the 2009-2013 Period). Telkom University Accounting Journal 02: 402-409.
Solikhah, B. 2016. Auditor Considerations in Giving Going Concern Audit Opinions. Journal of Economics and Finance, 20:129-150.
Sugiyono. 2014. Quantitative, Qualitative and R&D Research Methods. Bandung: Alphabeta.
Surya AB, Merawati LK, Munidewi IAB. 2021. Effect of Profitability, Liquidity, Leverage, and Good Corporate Governance (GCG) on Going Concern Audit Opinions of Manufacturing Companies Listed on the Indonesia Stock Exchange 2015-2018. Mahasaraswati University Journal of Economics 01: 1289-1300.
Suwardika INA, Mustanda IK. 2017. The Effect of Leverage, Company Size, Company Growth, and Profitability on Company Value in Property Companies. Udayana Management Journal 06:1248–1277.
Syamsuddin, Lukman, 2011. Financial Management. Jakarta: Raja Grafindo Persada.
Utama YW, Syakur A, Firmansyah A. 2021. Audit Opinion Going Concern: Liquidity Perspective, Leverage, Financial Distress Risk, Tax Risk. Journal of State Finance Polytechnic Accounting STAN. 01:122-140.
Widiatmika IWA, Novitasari NLG, Dewi NLPS. 2021. The Effect of Company Growth, Leverage, Liquidity, Auditor Reputation and Financial Distress on the Acceptance of Going Concern Audit Opinions in Manufacturing Companies. Mahasaraswati University Journal of Economics 03:296-305.
Yuliyani NMA, Erawati NMA. 2017. Effect of Financial Distress, Profitability, Leverage and Liquidity on Going Concern Audit Opinion. Journal of Accounting Udayana University 19: 1490-1520.
Wiagustini, Putu L. 2014. Fundamentals of Financial Management. Denpasar: Udayana University Press.
Yuliyani NMA, Erawati MA. 2017. Effect of Financial Distress, Profitability, Leverage and Liquidity on Going Concern Audit Opinion. Journal of Accounting Udayana University 19: 1490-1520.
Azhar A, Hardy, Ricky RS. 2014. The Effect of Audit Lag, Profitability, and Audit Quality on Giving Going Concern Audit Opinions to Wholesale and Retail Trade Companies Listed on the IDX for the 2010-2012 Period. Journal of Economics and Business Education, University of Riau 06: 73-85.
Astuti SE. 2014. Analysis of the Effect of Profitability, Dividend Policy, Debt Policy, and Managerial Ownership on the Value of Manufacturing Companies Listed on the Indonesia Stock Exchange for the Period 2010 – 2012. National Seminar and Call Paper 01: 325 – 336.
Cashmere. 2013. Analysis of Financial Statements. Jakarta: Rajawali Press.
Dewi D, Sudiartha G. 2017. The Effect of Profitability, Company Size, and Asset Growth on Capital Structure and Firm Value. Udayana University Management E-Journal 6: 2222–2252.
Data on Manufacturing Companies registered on the Indonesia Stock Exchange, accessed from http://www.idx.co.idon May 25, 2022.
Ellen, Juniarti. 2013. Implementation of Good Corporate Governance, Its Impact on Prediction of Financial Distress in the Various Industries and Consumer Goods Sector. Business Accounting Review 01:1-13.
Fahmi I, 2013. Analysis of Financial Statements. Bandung: Alphabeta.
Fatmawati A. 2017. Factors Affecting Financial Distress (Study on Manufacturing Companies on the IDX). Journal of Accounting Science and Research (JIRA) 06:1-17.
Ghozali I. 2016. Application of Multivariate Analysis With IBM SPSS Program 23. Semarang: Diponegoro University Publishing Agency.
GW Succession, Lastanti HS. 2016. The Effect of Previous Year's Audit Opinion, Auditor Reputation, Company Size, Profitability, Liquidity, And Solvency on Giving Going Concern Audit Opinions, Trisakti University Economic Journal. 10:01-15.
Hanafi, Mamduh M, Halim A. 2014, Analysis of Financial Statements 2nd Edition. Yogyakarta: UPP AMP YKPN.
Harjito Y. 2015. Analysis of the Trend of Accepting Going Concern Audit Opinions in Manufacturing Companies. Journal of Accounting University of Muhammadiyah Surakarta 19: 31-49.
Hidayah, N., & Firmansyah, A. 2020. Implementation of corporate liquidation in Indonesia: accounting and juridical studies. Scientific Journal of Wahana Accounting, 15(2), 184-196
Hutagaol J, Manurung E, Simanjuntak DN. 2021. Analysis of the Effect of Company Size, Auditor Quality, Profitability, and Liquidity on Going Concern Audit Opinions on Service Companies Listed on the Indonesia Stock Exchange for the 2016-2018 Period. Indonesian Adventist University Accounting Journal 14: 111-123.
Indonesian Institute of Accountants (IAI). 2015. Statement of Financial Accounting Standards Number 1 Concerning the Presentation of Financial Statements. Jakarta: IAI.
Indriastuti, M. 2016. The Effect of Profitability and Liquidity on the Acceptance of Going Concern Audit Opinions. Scientific Journal of Economics, 11:1-12.
Indonesian Institute of Certified Public Accountants (IAPI), 2011. Statement of Auditing Standards (PSA) No. 30 concerning the Auditor's Consideration of the Entity's Ability to Maintain as a going concern. Jakarta: IAPI.
Krissindiastuti M, Rasmini NK. 2016. Factors Affecting Going Concern Audit Opinion. Journal of Economics, Udayana University, 14: 451-481.
Mulyadi. 2013. Accounting System. Jakarta: Salemba Empat.
Ningsih AW. 2019. The Effect of Profitability, Leverage, Company Size and Book Tax Difference on Earnings Management (Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange 2015-2017). Journal of Accounting and Taxes, 19:1-7.
Noeriyanto MHR. 2019. The Effect of Profitability, Leverage, and Liquidity to Predict Financial Distress in the Mining Sector Listed on the IDX 2013–2017. Dissertation is not published. Surabaya: STIE Perbanas Postgraduate Program.
Nugroho L, Nurrohmah S, Anasta, L. 2018. Factors Affecting Going Concern Audit Opinions. Journal of Attitude 02: 96-111.
Nugeraheny N, Ghozali I. 2019. Analysis of the Factors Influencing the Issuance of Going Concern Warnings (Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange in 2017). Journal of Accounting Diponegoro University 8: 01-12.
Qintara YN. 2020. The Effect of Financial Distress and Company Size on the Acceptance of Going Concern Audit Opinions. Islamic University Accounting Journal '45', accessed from Online Media in December 2020.
Please SS. 2013. Critical Analysis of Financial Statements. Jakarta: PT Raja Grafindo Persada.
Rahman HA. 2020. Acceptance of Going Concern Audit Opinion Based on Leverage And Financial Distress. Journal of Economics, University of Mercu Buana, 11: 15-22.
Scott WR. 2015. Financial Accounting Theory Sevent Edition. Canada: Library And Archives Canada Cataloging In Publication.
Selviani A, Heni. 2017. The Effect of Profitability, Leverage, and Company Size on Earnings Management (Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange 2014-2016). Unpublished Thesis. Yogyakarta: Faculty of Economics and Business, Sanata Dharma University.
Setiawan AA, Rahayu S. 2015. The Effect of Profitability, Liquidity, and Company Growth on the Acceptance of Going Concern Modified Audit Opinions (Study on Transportation Sector Companies Listed on the IDX for the 2009-2013 Period). Telkom University Accounting Journal 02: 402-409.
Solikhah, B. 2016. Auditor Considerations in Giving Going Concern Audit Opinions. Journal of Economics and Finance, 20:129-150.
Sugiyono. 2014. Quantitative, Qualitative and R&D Research Methods. Bandung: Alphabeta.
Surya AB, Merawati LK, Munidewi IAB. 2021. Effect of Profitability, Liquidity, Leverage, and Good Corporate Governance (GCG) on Going Concern Audit Opinions of Manufacturing Companies Listed on the Indonesia Stock Exchange 2015-2018. Mahasaraswati University Journal of Economics 01: 1289-1300.
Suwardika INA, Mustanda IK. 2017. The Effect of Leverage, Company Size, Company Growth, and Profitability on Company Value in Property Companies. Udayana Management Journal 06:1248–1277.
Syamsuddin, Lukman, 2011. Financial Management. Jakarta: Raja Grafindo Persada.
Utama YW, Syakur A, Firmansyah A. 2021. Audit Opinion Going Concern: Liquidity Perspective, Leverage, Financial Distress Risk, Tax Risk. Journal of State Finance Polytechnic Accounting STAN. 01:122-140.
Widiatmika IWA, Novitasari NLG, Dewi NLPS. 2021. The Effect of Company Growth, Leverage, Liquidity, Auditor Reputation and Financial Distress on the Acceptance of Going Concern Audit Opinions in Manufacturing Companies. Mahasaraswati University Journal of Economics 03:296-305.
Yuliyani NMA, Erawati NMA. 2017. Effect of Financial Distress, Profitability, Leverage and Liquidity on Going Concern Audit Opinion. Journal of Accounting Udayana University 19: 1490-1520.
Wiagustini, Putu L. 2014. Fundamentals of Financial Management. Denpasar: Udayana University Press.
Yuliyani NMA, Erawati MA. 2017. Effect of Financial Distress, Profitability, Leverage and Liquidity on Going Concern Audit Opinion. Journal of Accounting Udayana University 19: 1490-1520.
Published
2022-11-30
How to Cite
UKHRIYAWATI, Catur Fatchu et al.
ANALYSIS OF GOING CONCERN FACTORS FOR COMPANIES.
International Conference on Business Management and Accounting, [S.l.], v. 1, n. 1, p. 235-247, nov. 2022.
Available at: <https://ejournal.pelitaindonesia.ac.id/ojs32/index.php/ICOBIMA/article/view/2836>. Date accessed: 31 mar. 2023.
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Articles
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