Authors :
Garys Difoasih; Pardomuan Sihombing
Volume/Issue :
Volume 8 - 2023, Issue 12 - December
Google Scholar :
https://tinyurl.com/25n3sdd7
Scribd :
https://tinyurl.com/2bjp3snc
DOI :
https://doi.org/10.5281/zenodo.10405124
Abstract :
This study intends to analyze and determine the
effectiveness of company financial performance, board
gender diversity, and corporate social responsibility (CSR)
in preventing and overcoming financial distress in tourism
companies (tourism, restaurants, and hotels) that are listed
on the Indonesia Stock Exchange (IDX). The data for this
research comprise the 18 tourism companies listed on the
Indonesia Stock Exchange in 2019-2021. This sampling
method was based on purposive sampling. Panel data
regression analysis is utilized in this approach to
conducting research. This research used the Debt Service
Coverage Ratio (DSCR) to measure financial distress.
According to the research findings, ROA, current ratio,
and board gender diversity have positive impact on DSCR.
Despite this, CSR has a negative impact on DSCR.
According to the findings of this research, to avoid falling
into a state of financial distress, tourism businesses should
emphasize financial performance, gender diversity on
boards, and corporate social responsibility. Businesses can
avoid going bankrupt if they identify the problems causing
them financial distress. This allows businesses to make the
best possible decisions.
Keywords :
DSCR, Financial Distress, Financial Performance, Board Gender Diversity, CSR.
This study intends to analyze and determine the
effectiveness of company financial performance, board
gender diversity, and corporate social responsibility (CSR)
in preventing and overcoming financial distress in tourism
companies (tourism, restaurants, and hotels) that are listed
on the Indonesia Stock Exchange (IDX). The data for this
research comprise the 18 tourism companies listed on the
Indonesia Stock Exchange in 2019-2021. This sampling
method was based on purposive sampling. Panel data
regression analysis is utilized in this approach to
conducting research. This research used the Debt Service
Coverage Ratio (DSCR) to measure financial distress.
According to the research findings, ROA, current ratio,
and board gender diversity have positive impact on DSCR.
Despite this, CSR has a negative impact on DSCR.
According to the findings of this research, to avoid falling
into a state of financial distress, tourism businesses should
emphasize financial performance, gender diversity on
boards, and corporate social responsibility. Businesses can
avoid going bankrupt if they identify the problems causing
them financial distress. This allows businesses to make the
best possible decisions.
Keywords :
DSCR, Financial Distress, Financial Performance, Board Gender Diversity, CSR.
