Research Article
Media Digitalization, an Analysis of Financial Distress In a Newspaper Company-Evidence from Indonesia
@INPROCEEDINGS{10.4108/eai.14-10-2020.2304270, author={Hastuti Hastuti and Kamalah Saadah and Lifia Meilani}, title={Media Digitalization, an Analysis of Financial Distress In a Newspaper Company-Evidence from Indonesia}, proceedings={Proceedings of the 5th International Conference on Accounting, Management and Economics, ICAME 2020, 14-15 October 2020, Makassar, Indonesia}, publisher={EAI}, proceedings_a={ICAME}, year={2021}, month={2}, keywords={current ratio total debt to asset ratio return on asset profit margin on sales sales growth ratio financial distress}, doi={10.4108/eai.14-10-2020.2304270} }- Hastuti Hastuti
Kamalah Saadah
Lifia Meilani
Year: 2021
Media Digitalization, an Analysis of Financial Distress In a Newspaper Company-Evidence from Indonesia
ICAME
EAI
DOI: 10.4108/eai.14-10-2020.2304270
Abstract
The media digitalization during the industrial revolution 4.0 poses threats for print media companies. The fall of various print media in the US gives a signal that print media companies in many countries need to be aware of the risk of bankruptcy. Identification of financial distress is necessary to improve their financial condition. This study aimed to obtain empirical evidence about the factors that influence financial distress in one of the leading newspaper companies in Indonesia. The data analysis technique used was multiple linear regression analysis using SPSS. The findings of this study showed that independent variables had influences on financial distress partially and simultaneously, except the sales growth ratio where the sales growth was improved when the company was in low financial distress. Meanwhile, the total debt to asset ratio and profit margin on sales had an opposite influence on most of the previous studies.
