Aug 2026· Mix· Vol 16, pp. 745-759· 0 citations· 25 references
Abstract
Objectives: This study investigates whether financial and non-financial early warning indicators impact stock prices and insolvency risk, and whether stock prices mediate the relationship between these indicators. The study is driven by the significance of investors’ comprehension of economic health in the investment decision-making processMethodology: This study applies a quantitative approach using secondary data from 15 listed energy companies, during 2018 to 2023. The study specifically utilises Generalized Structural Equation Modelling (GSEM) to handle the simultaneous estimation of direct and indirect effects in a panel data setting.Finding: The results reveal a significant market failure: while Solvency, Profitability, and Litigation History directly predict insolvency, Stock Price fails to mediate these relationships. This rejection of the mediation hypothesis indicates that the market is 'noisy' and decoupled from internal fundamentals, driven instead by global 'fossilflation' sentiments. Conclusion: Consequently, stock prices are proven unreliable as early warning signals, suggesting stakeholders should prioritise direct monitoring of fundamental ratios over market valuation.
Purpose: This study investigates the effects of financial ratios and non-financial firm characteristics on stock prices and insolvency risk among Indonesian non-financial firms during 2017–2024.Research Methodology: A quantitative approach was employed using multiple linear regression to examine the determinants of sto...
Background: Increasing global shocks threaten corporate financial stability, particularly in emerging markets. This study measures uncertainty using the World Uncertainty Index (WUI), World Pandemic Uncertainty Index (WPUI), Climate Policy Uncertainty (CPU), and Economic Policy Uncertainty (EPU) across current, lag-1,...
B. Gautama, Rosmita Rasyid· Inkubis Jurnal Ekonomi dan B...· 0 citations
In today's highly competitive business environment, companies must strengthen their management to remain competitive. When a company fails to anticipate future developments through effective management, poor decisions can trigger a serious operational crisis and ultimately lead to bankruptcy. Before going bankrupt, a c...
Muhamad Wahyu Adji Pamungkas· Journal of economics, financ...· 0 citations
The resilience of the banking sector has faced unprecedented challenges over the last decade, particularly because of the disruption caused by the COVID-19 pandemic and the subsequent economic volatility. This study aims to reconstruct an early warning model for financial distress in the Indonesian banking sector by ev...
Anisa Aura Rahma, Sartika Wulandari· Golden Ratio of Finance Mana...· 0 citations
Over the past few years, a multitude of investors have suffered significant financial losses due to erroneous stock market predictions. The inherent difficulty in forecasting market trends establishes the core objective of this research. Investor risk can be mitigated, and predictive accuracy enhanced, if market partic...
A. Purohit, Piyush Kumar· Adolescência e Saúde· 0 citations
Purpose: This study aims to investigate the influence of dividend policy, earnings volatility, and asset growth on the stock prices and returns of banking companies listed on the Indonesia Stock Exchange (IDX).
Research Method: This study employs an associative quantitative approach. Secondary data were obtained from t...
Dita Ananda Bangun, Tuti Anggarini, Isnaini Harahap· Advances in Economics &...· 0 citations
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