EFFECTIVENESS OF VILLAGE FUND ALLOCATION (ADD) MANAGEMENT IN IMPROVING VILLAGE DEVELOPMENT IN RANTAU RASAU II VILLAGE, RANTAU RASAU DISTRICT, TANJUNG JABUNG TIMUR REGENCY
Mengukur Efektivitas Pengelolaan Dana Desa dalam Mendorong Pembangunan Di Desa Rantau Rasau II
DOI:
https://doi.org/10.22437/jar.v6i1.49206Keywords:
Keywords: Effectiveness, Village Fund Allocation, Village Development, Participation, Transparency, Effectiveness, Village Fund Allocation, Village Development, Participation, TransparencyAbstract
This research aims to examine and identify the impact of financial ratios, including Working Capital to Total Assets, Retained Earnings to Total Assets, Earnings Before Interest and Taxes to Total Assets, and Book Value of Equity to Total Liabilities, in predicting corporate financial distress during and after the Covid-19 pandemic. This research is a case study on 27 companies in the Transportation and Logistics sector listed on the Indonesia Stock Exchange (IDX) during the period 2020–2024, selected through purposive sampling. The data used are secondary financial reports obtained from the IDX website. The analysis was carried out by calculating financial ratios using the Modified Altman Z”-Score model to assess the bankruptcy potential of the companies during the specified period. Based on the analysis results, only the variable Working Capital to Total Assets (WCTA) does not have a significant effect on Financial Distress (FD). Meanwhile, the variables Retained Earnings to Total Assets (RETA), Earnings Before Interest and Tax to Total Assets (EBITTA), and Book Value of Equity to Total Liabilities (BVETL) have a significant effect on Financial Distress (FD).
Downloads
References
Adila, A. P., & Hidayah, R. (2023). Analisis perbandingan kinerja keuangan sebelum dan sesudah adopsi tata kelola teknologi informasi (pada perusahaan manufaktur dan pertambangan yang terdaftar di BEI). Syntax Literate: Jurnal Ilmiah Indonesia, 8(7), 5223–5233. https://doi.org/10.36418/syntax-literate.v8i7
Altman, E. I., Hotchkiss, E., & Wang, W. (2019). Corporate financial distress, restructuring, and bankruptcy (Edisi 4). Hoboken, NJ: John Wiley & Sons.
Arini, S., & Triyonowati. (2013). Analisis Altman Z-Score untuk memprediksi kebangkrutan pada perusahaan farmasi di Indonesia. Jurnal Ilmu & Riset Manajemen, 2(11), –8.
Badan Pusat Statistik. (2021). Analisis hasil survei dampak Covid-19 terhadap pelaku usaha jilid 2. Jakarta: Badan Pusat Statistik. Diakses dari https://www.bps.go.id.
Bahari, S. F. A., Komalasari, S. P., Adila, A. P., Audina, D., Trimuliani, D., Ramadhani, F., Marta, N., SyukrihadiIrsyad, M., & Febrian, R. (2023). Audit sistem informasi: Suatu pendekatan kontemporer (hlm. 306). Rajawali Pers.
Bramanda, C., & Hasnawati, S. (2024). Comparison of financial distress prediction methods: Altman Z-Score, Zmijewski, Springate, and Grover in Indonesian retail trading companies. Asian Journal of Economics and Business Management, 3(2), 580–590.
Brigham, E. F., & Houston, J. F. (2021). Fundamentals of Financial Management: Concise (Edisi 1). Boston, MA: Cengage Learning.
Brigham, E. F., & Daves, P. R. (2021). Intermediate financial management (Edisi 4). Boston, MA: Cengage Learning.
Dito, A. S. W. H., Miqdad, M., & Wardayati, S. M. (2023). The Effects of Profitability, Liquidity, Leverage, and the Pandemic on Financial Distress. Wiga: Jurnal Penelitian Ilmu Ekonomi, 3(1), –9.
Endarwatik. (2017). Analisis kinerja keuangan perusahaan sebelum dan sesudah merger dan akuisisi. Jurnal Ilmu dan Riset Manajemen, 6(3), –15.
Fia, A., & Nurhayati. (2023). Pengaruh rasio likuiditas, leverage, aktivitas dan profitabilitas terhadap financial distress pada perusahaan F&B. Jurnal Riset Akuntansi, 3(1), 23–30.
Ghozali, I. (2018). Aplikasi analisis multivariate dengan program IBM SPSS 25 (Edisi 9). Semarang: Badan Penerbit Universitas Diponegoro.
Irfan, M., & Yuniati, T. (2014). Analisis financial distress dengan pendekatan Altman Z”-Score untuk memprediksi kebangkrutan perusahaan telekomunikasi. Jurnal Ilmu & Riset Manajemen, 3(1), 1–12.
Jumingan. (2014). Analisis laporan keuangan. Jakarta: PT Bumi Aksara.
Karlingsih. (2021). Analisis Financial Distress dengan Model Altman Z-Score pada Bank Umum Syariah di Indonesia Periode 2015–2019. Competitive: Jurnal Akuntansi dan Keuangan, 9(1), –12.
Kasmir. (2017). Analisis laporan keuangan (edisi ke‑1, cetakan ke‑10). Jakarta: Raja Grafindo Persada.
Nova, D. L., Handri, H., & Azib, A. (2021). Analisis rasio keuangan model Altman Z-Score untuk memprediksi financial distress (Studi kasus pada sub sektor otomotif dan komponen yang terdaftar di Bursa Efek Indonesia periode 2012–2019). Prosiding Manajemen, 7(1), 45–56.
Palepu, K. G., Healy, P. M., & Peek, E. (2019). Business analysis & valuation: Using financial statements (Edisi 5). EMEA: Cengage Learning.
Platt, H. D., & Platt, M. B. (2002). Predicting corporate financial distress: Reflections on choice-based sample bias. Journal of Economics and Finance, 26(2), 84–199.
Purba, D. (2015). Analisis laporan keuangan (Cetakan ke-2). Jakarta: Mitra Wacana Media.
Reza, N. A., & Irni, Y. (2022). Pengaruh Rasio Likuiditas, Leverage, Aktivitas, dan Profitabilitas terhadap Kondisi Financial Distress Menggunakan Model Altman Z-Score. Jurnal Ilmiah Manajemen, Ekonomi, dan Akuntansi (MEA), 6(1), 756–773.
Ross, S. A., Westerfield, R. W., Jaffe, J., Jordan, B. D., & Shue, K. (2021). Corporate Finance (Edisi 3). New York, NY: McGraw‑Hill Education.
Sarwani, A., & Sunardi, S. (2019). Analisis prediksi kebangkrutan studi kasus perusahaan jasa subsektor hotel, pariwisata dan restoran. Jurnal Sosial Teknologi, (5), 442–453.
Shidiq, J. I., & Khairunnisa. (2019). Analisis Rasio Likuiditas, Rasio Leverage, Rasio Aktivitas, dan Rasio Pertumbuhan terhadap Financial Distress Menggunakan Metode Altman Z-Score pada Sub Sektor Tekstil dan Garmen di BEI Periode 2013–2017. Jurnal Ilmiah Manajemen Universitas Putera Batam, 7(2), 209–219.
Sopian, D., & Rahayu, W. P. (2017). Pengaruh rasio keuangan dan ukuran perusahaan terhadap financial distress. Jurnal Administrasi Bisnis, 61(2), 36–143.
World Health Organization. (2020). Coronavirus disease (COVID‑19) pandemic. Diakses dari https://www.who.int/emergencies/diseases/novel-coronavirus-2019.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Lusiana Widiawati
This work is licensed under a Creative Commons Attribution 4.0 International License.
