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The effect of financial distress using the Altman and Springate Models on stock return in mediated earnings management: A study on textile and garment companies listed on the Indonesia Stock Exchange 2015-2019 period

International Journal of Research in Business and Social Science (2147- 4478), 2021-08, Vol.10 (5), p.119-128 [Peer Reviewed Journal]

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Title:
The effect of financial distress using the Altman and Springate Models on stock return in mediated earnings management: A study on textile and garment companies listed on the Indonesia Stock Exchange 2015-2019 period
Author: Bachmid, Faradisa ; Sumiati, Sumiati ; Aisjah, Siti
Is Part Of: International Journal of Research in Business and Social Science (2147- 4478), 2021-08, Vol.10 (5), p.119-128
Description: This study aims to examine and analyze the effect of financial distress with the Altman and Springate Models on stock returns either directly or indirectly by involving earnings management as a mediation. This study uses secondary data from Textile and Garment Companies listed on the Indonesia Stock Exchange from 2015-2019, with a sample of 20 companies using sampling so that 100 observations are obtained. The data is obtained from the annual financial statements. The data analysis technique used SEM-PLS with the help of WarpPLS 6.0 software. The results of the study provide empirical evidence that financial distress has a positive effect on earnings management, while financial distress and earnings management has a negative effect on stock returns. Earnings management is able to mediate the effect of financial distress on stock returns.
Language: English
Identifier: ISSN: 2147-4478
EISSN: 2147-4478
DOI: 10.20525/ijrbs.v10i5.1279
Source: Alma/SFX Local Collection

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