Determinants of the Success of Corporate Recovery in Financial Distressed Company

Giriati ()
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Giriati: University of Tanjungpura Pontianak, Indonesia Author-2-Name: Mustaruddin Author-2-Workplace-Name: University of Tanjungpura Pontianak, Indonesia Author-3-Name: M. Rustam Author-3-Workplace-Name: University of Tanjungpura Pontianak, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:

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Abstract: Objective - This study aims to examine and analyze the influence of severity, free assets, company size, asset retrenchment and CEO expertise on the success of recovery companies experiencing financial distress that are listed on the Indonesian Stock Exchange (IDX). Methodology/Technique - The population used in this study are all companies listed on the Indonesian Stock Exchange between 2011 and 2016. This study uses a simple logistic regression analysis to test the hypotheses. Findings - The results indicate that free assets and CEO expertise have a significant and positive effect on the success of a company's recovery. Meanwhile, variable severity, asset retrenchment and firm size do not affect the success of the company's recovery.

Keywords: Turnaround/Recovery; ? Severity; Free Assets; Company Size; Asset Retrenchment; CEO Expertise. (search for similar items in EconPapers)
JEL-codes: G30 G33 G39 (search for similar items in EconPapers)
Pages: 6
Date: 2018-06-30
New Economics Papers: this item is included in nep-cfn and nep-sea
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Published in Journal of Finance and Banking Review, Volume 3, Issue 2

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