STRATEGI PEMULIHAN BERORIENTASI EFISIENSI DAN ENTREPRENEURIAL PADA PERUSAHAAN YANG MENGALAMI KESULITAN KEUANGAN: STUDI KASUS PT. SLJ GLOBAL TBK

https://doi.org/10.22146/abis.v8i1.58875

Nurul Amalia Pangestika(1*), Jogiyanto Hartono M(2)

(1) Universitas Gadjah Mada, Yogyakarta
(2) Departemen Akuntansi, Fakultas Ekonomika dan Bisnis, Universitas Gadjah Mada, Yogyakarta
(*) Corresponding Author

Abstract


Abstrak

Tujuan – Penelitian ini menganalisis fokus pemilihan strategi yang sebaiknya dipilih oleh PT SLJ Global Tbk pada siklus pemulihan di tahun 2016 dan 2017, serta menganalisis strategi pemulihan terbaik PT SLJ Global Tbk berdasarkan model proses turnaround Smith dan Graves (2005).

Metode penelitian – Penelitian ini menggunakan analisis isi, analisis deskriptif, dan uji beda. Analisis isi untuk mengetahui fokus strategi apa yang dipilih PT SLJ Global Tbk pada siklus pemulihan. Analisis deskriptif untuk menganalisis strategi pemulihan terbaik perusahaan dari model proses turnaround Smith dan Graves (2005). Uji beda chi square untuk mengetahui apakah terdapat keterkaitan antara kondisi perusahaan dan strategi pemulihan. Uji beda Friedman Two Way ANOVA untuk mengetahui apakah perusahaan telah mengalami peningkatan kinerja.

Temuan – Hasil penelitian menunjukkan bahwa PT SLJ Global Tbk memilih fokus strategi entrepreneurial pada siklus pemulihan di tahun 2016 dan 2017. Hasil uji chi-square menunjukkan bahwa terdapat keterkaitan antara kondisi perusahaan dan strategi pemulihan. Hasil dari model proses turnaround Smith dan Graves (2005) menunjukkan bahwa PT SLJ Global Tbk sebaiknya berfokus menggunakan strategi entrepreneurial. Hasil uji Friedman Two Way ANOVA menunjukkan adanya peningkatan kinerja.

Originalitas – Salah satu fokus utama dalam penelitian ini ialah menganalisis strategi yang fokus digunakan oleh suatu perusahaan berdasarkan indikator analisis isi dan menganalisis strategi terbaik perusahaan dari model proses turnaround Smith dan Graves (2005). Belum ada penelitian dengan metoda analisis isi yang menggabungkan dengan model proses turnaround. Fokus strategi yang dipilih oleh perusahaan belum tentu menggambarkan strategi terbaik apabila dilihat dari kondisi keuangan.


Keywords


abis;abisugm;abisfebugm;maksi;maksiugm;maksifebugm,feb,febugm, kesulitan keuangan, strategi pemulihan, analisis isi, efisiensi, entrepreneurial.

Full Text:

PDF


References

Referensi Bruton, Garry D., David Ahlstrom, & Johnny C. C. Wan. (2003). “Turnaround East Asian Firms: Evidence from Ethnic Overseas Chinese Communities”. Strategic Management Journal, Vol. 24, Issue 6, hal. 519-540. Byun, Sang-Eun & Mann, Manveer. (2017). “To Retrench or Invest? Turnaround Strategies During a Recessionary”. Journal of Business Research, Vol. 80, hal. 24-34. Eriyanto. 2011. Analisis Isi: Pengantar Metodologi untuk Penelitian Ilmu Komunikasi dan Ilmu-Ilmu Sosial Lainnya. Jakarta: Kencana Fiedler, Fred. E. (1964). “A Contingency Model of Leadership Effectiveness”. Advances in Experimental Social Psychology, Vol. 1, hal. 149-190. Francis, John D., dan Desai, Ashay B. (2005). “Situational of Organizational Determinants of Turnaround”. Management Decision, Vol. 43, No. 9, hal. 1203-1224. Frey, Lawrence R., Botan, Carl H., dan Kreps, Gary L. (2000). Investigating Communication: An Introduction to Research Method (second edition). Boston: Allyn & Bacon. Holsti, Ole R. (1969). Content Analysis for The Social Science and Humanities. Reading MA: Addison-Wesley. Hopwood, W., McKeown, James C., & Mutchler Jane F. (1994). “A Reexamination Of Auditor Versus Model Accuracy Within The Context Of The Going-Concern Opinion Decision”. Contemporary Accounting Research, Vol. 10 No. 2, hal. 409-31 Jouzbarkand, M., Keivani, F. S., Khodadadi, M., dan Fahim, S.R.S.N. (2013). “Bankruptcy Prediction Model by Ohlson and Shirata in Tehran Stock Exchange”. World Applied Sciences Journal, Vol. 21, hal. 152-156. Kitching, John, Robert Blackburn, David Smallbone, dan Sarah Dixon. (2009). Business Strategies and Performance During Difficult Economic Conditions. London: Kingston University. McKeown, J., Mutchler, J. and Hopwood, W. (1991), “Towards An Explanation Of Auditor Failure To Modify The Audit Opinion Of Bankrupt Companies”, Auditing: A Journal of Practice and Theory, Vol. 10, hal. 1-13 (supplement). Mutchler, J., Hopwood, W. & McKeown, J. (1997), “The Influence Of Contrary Information And Mitigating Factors On Audit Opinion Decision On Bankrupt Companies”, Journal of Accounting Research, Vol. 35 No. 2, hal. 295-310. Neuendorf, Kimberley A. (2002). The Content Analysis Guidebook. Chicago: Sage Publications. Ohlson, J.A. (1980). “Financial Ratios and the Probabilistic Prediction of Bankruptcy”. Journal of Accounting Research, Vol, 18(1), hal. 109-131. Panicker, Sunita dan Manimala, Mathew J. (2014). “Successful Rurnarounds: The Role of Appropriate Entrepreneurial Strategies”. Journal of Strategy and Management, Vol. 8, No. 1, hal. 21-40. Pearce, John A., dan D. Keith Robbins. (1992). “Turnaround: Retrenchment and Recovery”. Strategic Management Journal, Vol. 13, Issue 4, hal. 287-309. Platt, Harlan D., dan Plat, Marjorie B. (2002). “Predicting Corporate Financial Distress: Reflections on Choice-Based Sample Bias”. Journal of Economics and Finance, Vol. 26, Number 2, hal. 184-199. Poston, K. M., Harmon, W. K., dan Gramlich, J. D. (1994). “A Test of Financial Ratios as Predictors of Turnaround Versus Failure Among Financially Distressed Firms”. Journal of Applied Business Research, Vol. 10, hal. 41-56. Rankin, Michaela, Stanton, P., McGowan, S., Ferlauto, K., & Tilling Matthew. (2010). Contemporary Issues in Accounting. Milton Qld: John Wiley & Sons Australia, Ltd. Robbins, D. Keith, dan Pearce, John A. (1992). “Turnaround Retrenchment and Recovery”, Strategic Management Journal, Vol. 13, hal. 287-309. Schendel, Dan, Patton, G.R. dan James Riggs. (1976), “Corporate turnaround strategies: A study of profit decline and recovery”, Journal of General Management, Vol. 3, Issue 3, hal. 3-12. Schoenberg, R., Collier, N., dan Bowman, C. (2013). “Strategies for Business Turnaround and Recovery: a Review and Synthesis”, European Business Review, Vol. 25, No. 3, hal. 243-262 Smith, Malcolm dan Christopher Graves. (2005). “Corporate Turnaround and Financial Distress”. Managerial Auditing Journal, Vol. 20, Issue 3, hal. 304-320. Sun, Jie, Li, Hui, Huang, Qing-Hua, He, Kai-Yu. (2013). “Predicting Financial distress and Corporate Failure: A Review from the State-of-the-Art Definitions, Modeling, Sampling, and Featuring Approaches”. Knowledge-Based System, hal. 41-56. Tinoco, Mario H., dan Wilson, Nick. (2013). “Financial Distress and Bankruptcy Prediction Among Listed Companies Using Accounting, Market, and Macroeconomic Variables”. International Review of Financial Analysis, hal. 26-28.



DOI: https://doi.org/10.22146/abis.v8i1.58875

Article Metrics

Abstract views : 1056 | views : 1623

Refbacks

  • There are currently no refbacks.


View My Stats

 

 Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

______________________________________________________________________________________________________

2302 - 1500