The Role of Financial Distress on Company Life Cycle and Stock Return
This study aims to see how the company life cycle affects stock returns with financial distress as a moderating variable in companies listed on the Indonesia Stock Exchange between 2017 and 2021. Purposive sampling was used to obtain a sample of 71 companies. A panel regression analysis with a fixed...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Serang Raya
2023-07-01
|
| Series: | Jurnal Akuntansi: Kajian Ilmiah Akuntansi |
| Online Access: | https://e-jurnal.lppmunsera.org/index.php/Akuntansi/article/view/6222 |
| _version_ | 1797262811347288064 |
|---|---|
| author | Akhmad Sigit Adiwibowo Dwi Safiatun Rohmah Putri Nurmala |
| author_facet | Akhmad Sigit Adiwibowo Dwi Safiatun Rohmah Putri Nurmala |
| author_sort | Akhmad Sigit Adiwibowo |
| collection | DOAJ |
| description | This study aims to see how the company life cycle affects stock returns with financial distress as a moderating variable in companies listed on the Indonesia Stock Exchange between 2017 and 2021. Purposive sampling was used to obtain a sample of 71 companies. A panel regression analysis with a fixed effect model was used for the analysis. The study's findings show that the decline stage of a company's life cycle hurts stock returns, whereas the introduction, growth, and maturity stages do not affect stock returns. Financial distress can mitigate the impact of the company's decline stage on stock returns. However, it needs to mitigate the impact of the company's introduction, growth, and maturity stages on stock returns. |
| first_indexed | 2024-04-25T00:03:02Z |
| format | Article |
| id | doaj.art-c10f3c30287c4f47b3419b5c946d0be7 |
| institution | Directory Open Access Journal |
| issn | 2549-5968 2339-2436 |
| language | English |
| last_indexed | 2024-04-25T00:03:02Z |
| publishDate | 2023-07-01 |
| publisher | Universitas Serang Raya |
| record_format | Article |
| series | Jurnal Akuntansi: Kajian Ilmiah Akuntansi |
| spelling | doaj.art-c10f3c30287c4f47b3419b5c946d0be72024-03-14T07:16:51ZengUniversitas Serang RayaJurnal Akuntansi: Kajian Ilmiah Akuntansi2549-59682339-24362023-07-0110228329510.30656/jak.v10i2.62226222The Role of Financial Distress on Company Life Cycle and Stock ReturnAkhmad Sigit Adiwibowo0Dwi Safiatun Rohmah1Putri Nurmala2Universitas PamulangUniversitas PamulangUniversitas PamulangThis study aims to see how the company life cycle affects stock returns with financial distress as a moderating variable in companies listed on the Indonesia Stock Exchange between 2017 and 2021. Purposive sampling was used to obtain a sample of 71 companies. A panel regression analysis with a fixed effect model was used for the analysis. The study's findings show that the decline stage of a company's life cycle hurts stock returns, whereas the introduction, growth, and maturity stages do not affect stock returns. Financial distress can mitigate the impact of the company's decline stage on stock returns. However, it needs to mitigate the impact of the company's introduction, growth, and maturity stages on stock returns.https://e-jurnal.lppmunsera.org/index.php/Akuntansi/article/view/6222 |
| spellingShingle | Akhmad Sigit Adiwibowo Dwi Safiatun Rohmah Putri Nurmala The Role of Financial Distress on Company Life Cycle and Stock Return Jurnal Akuntansi: Kajian Ilmiah Akuntansi |
| title | The Role of Financial Distress on Company Life Cycle and Stock Return |
| title_full | The Role of Financial Distress on Company Life Cycle and Stock Return |
| title_fullStr | The Role of Financial Distress on Company Life Cycle and Stock Return |
| title_full_unstemmed | The Role of Financial Distress on Company Life Cycle and Stock Return |
| title_short | The Role of Financial Distress on Company Life Cycle and Stock Return |
| title_sort | role of financial distress on company life cycle and stock return |
| url | https://e-jurnal.lppmunsera.org/index.php/Akuntansi/article/view/6222 |
| work_keys_str_mv | AT akhmadsigitadiwibowo theroleoffinancialdistressoncompanylifecycleandstockreturn AT dwisafiatunrohmah theroleoffinancialdistressoncompanylifecycleandstockreturn AT putrinurmala theroleoffinancialdistressoncompanylifecycleandstockreturn AT akhmadsigitadiwibowo roleoffinancialdistressoncompanylifecycleandstockreturn AT dwisafiatunrohmah roleoffinancialdistressoncompanylifecycleandstockreturn AT putrinurmala roleoffinancialdistressoncompanylifecycleandstockreturn |