ZOMBIE DAN DIVERSIFIKASI DALAM MASA KRISIS KEUANGAN GLOBAL

Authors

  • Santi Novita Airlangga University
  • Bambang Tjahjadi Airlangga University
  • Andry Irwanto Airlangga University

DOI:

https://doi.org/10.22219/jrak.v9i3.9904

Keywords:

diversification, financial, crisis, related, zombie

Abstract

This study aims to examine whether a firm with a higher degree of related diversification is less likely to have a zombie condition during the global financial crisis. The research sample is non-financial firms listed on the Indonesia Stock Exchange in the year of the global financial crisis from 2007-2009. Data are analyzed using logistic regression. The results of the study indicate that a firm with a higher degree of related diversification is less likely to have a zombie condition during the global financial crisis. Furthermore, the effect of this diversification proves to be higher for a firm with a domestic orientation than an international orientation

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Author Biographies

Santi Novita, Airlangga University

Accounting Department Faculty of Economics and Business

Airlangga University

 

 

Bambang Tjahjadi, Airlangga University

Accounting Department Faculty of Economics and Business

Andry Irwanto, Airlangga University

Accounting Department Faculty of Economics and Business

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Published

2019-12-03

Issue

Vol. 9 No. 3: Jurnal Reviu Akuntansi Dan Keuangan

Section

Articles

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