Open AccessZOMBIE DAN DIVERSIFIKASI DALAM MASA KRISIS KEUANGAN GLOBAL
Author(s) -
Santi Novita,
Bambang Tjahjadi,
Andry Irwanto
Publication year - 2019
Publication title -
jurnal reviu akuntansi dan keuangan
Language(s) - English
Resource type - Journals
eISSN - 2615-2223
pISSN - 2088-0685
DOI - 10.22219/jrak.v9i3.9904
Subject(s) - zombie , diversification (marketing strategy) , financial crisis , business , stock exchange , logistic regression , financial system , economics , finance , marketing , statistics , mathematics , computer security , computer science , macroeconomics
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