Analisis Faktor Yang Mempengaruhi Financial Recovery
Keywords:
Financial Distress, Corporate Turnaround, Financial RecoveryAbstract
The purpose of this study is to find a strategy in the company's financial recovery through the company's turnaround proxy. Covid-19 has an impact on the company's finances that leads to financial distress, so it must find a strategy that must be done to overcome the company's financial problems. This study uses a turnaround proxy in the financial recovery process Research Methods: This study uses descriptive qualitative statistical analysis methods, namely by understanding the phenomena that occurred during the covid-19 pandemic that caused financial difficulties and in the process of financial recovery, one of which was the tourism and transportation sector. Findings/Results: Strategy in Financial Recovery is applied to reverse a loss situation in a profitable situation, including reducing operating costs through (1) free assets, (2) asset retrenchment, (3) severity
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