|dc.description.abstract||This Thesis entitles " THE INFLUENCE ANALYSIS OF FUNDAMENTAL
FACTORS, FIRM’S SIZE AND KIND OF COMMODITIES, TOWARDS
CORPORATE DURABILITY OF THE MANUFACTURING COMPANIES ON
THE SECOND INDONESIAN FINANCIAL CRISIS” aims to study how the
influence of fundamental factors (financial leverage [DFL], operating leverage [DOL],
total asset turnover [TATO], price earnings ratio [PER]), kind of commodities and the
firm’s size factors either partially and simultaneously impact to the corporate
durability in Indonesian financial crisis situation.
This kind of research is an explanatory research which observing the behavior
and characteristics of the manufacturing companies listing on the Indonesia Stock
Exchange (BEI) on the second Indonesian financial crisis periode ( 2007 – 2008 ). The
analysis tools to be used in this study is “Two Groups Discriminant Analysis”. The
groups are consist of : companies having operasional decreased drastically and the
others are companies having operational decreased not drastically. This study did not
focus on profitability level, but mainly on operasional performance level of the
companies. Operational performance more easily indicated as the negative impact of
financial crisis that immediately felt by the entire company.
The results showed that the fundamental factors (DFL, DOL, TATO and PER)
either partially and simultaneously having significant impact on corporate durability in
the financial crisis situation. The two another factors, namely : kind of commodity and
firm’s size, partially and simultaneously also significantly influence to the corporate
durability in the financial crisis situation.
Partially, the influence of each variable be summaried up as follows:
1. DFL and PER : positive impact means that the higher the DFL and PER,
companies tend to have poor durability in the financial crisis situation.
2. DOL and TATO : negative impact means the higher the DOL and TATO,
companies tend to have good durability in the financial crisis situation.
3. Commodity : negative impact means that companies engaged in agro-industrial
commodities tend to have good durability in the financial crisis situation.
4. Firm’s Size : negative impact mean greater scale of the business tend to have good
durability in the financial crisis situation.||en_US