https://journal.unimma.ac.id./index.php/bmar <p><span style="font-size: 12px;">Journal title : <strong>Borobudur Management Review</strong><br>Abbreviation : <strong>BMAR</strong><br>ISSN :&nbsp;<a href="https://issn.brin.go.id/terbit/detail/20210704581463712">2798-3676</a><br>DOI Prefix : 10.31603/bamr by&nbsp;<img src="http://ijain.org/public/site/images/apranolo/Crossref_Logo_Stacked_RGB_SMALL.png" width="55" height="15"><br>Frequency : 2 issues/year (June, Dec)<br>Type of peer-review: <strong>Single-blind</strong><br>Editors :&nbsp;See&nbsp;<a href="http://journal.ummgl.ac.id/index.php/bmar/about/editorialTeam">Editorial&nbsp;Team</a>&nbsp; </span></p> Universitas Muhammadiyah Magelang en-US Borobudur Management Review 2798-3676 https://journal.unimma.ac.id./index.php/bmar/article/view/11868 <p>This research aims to analyze the impact of financial ratios, namely Return on Assets (ROA), Debt to Equity Ratio (DER), Current Ratio (CR), and Total Asset Turnover (TATO), on financial distress in Food and Beverage companies listed on the Indonesia Stock Exchange (IDX). The sampling technique used in this research is purposive sampling, focusing on the food and beverage sector, with a sample of 30 companies over a period of 4 years from 2020 to 2023. Thus, the total data used in this research comprises 120 data points. The independent variables in this study are ROA, DER, CR, and TATO. The dependent variable is the condition of financial distress, expressed numerically. The research methodology employs the Zmijewski method to assess financial distress. The urgency of this research is to analyze the influence of financial performance on financial distress in food and beverage companies on the IDX in 2020-2023.. The data analysis method used in this research is multiple linear regression analysis, which helps in determining the influence of the independent variables (ROA, DER, CR, and TATO) on financial distress. The results of the t-test indicate that ROA significantly affects financial distress, whereas DER, CR, and TATO do not have a significant impact. Meanwhile, the F-test results show that the independent variables collectively have a significant influence on financial distress.</p> Civi Erikawati Nurul Aini Intan Muktiana Fathul Huda ##submission.copyrightStatement## 2024-08-24 2024-08-24 4 1 1 20 10.31603/bmar.v4i1.11868 https://journal.unimma.ac.id./index.php/bmar/article/view/11843 <p><em>The purpose of this study was to determine any abnormal returns before and after the development of artificial intelligence which was listed on the Indonesian Stock Exchange. This research uses an event study which studies market reactions to an event. Event studies are used to test the information content of an announcement. The population used in this research is banking companies listed on the Indonesia Stock Exchange for the period 5 days before and 5 days after 2021-2024. The data used in this research is secondary data and sample selection used purposive sampling. There were 32 companies as samples with a total of 105 initial data. The analytical method used to test the hypothesis in this research uses the paired sample t-test. The results of this research show that artificial intelligence has a significant effect on abnormal returns.</em></p> Kiki Arista Wahyu Ningtias Retno Endah Supeni Maheni Ika Sari ##submission.copyrightStatement## 2024-10-02 2024-10-02 4 1 21 37 10.31603/bmar.v4i1.11843