Universal Journal of Accounting and Finance Vol. 11(2), pp. 29 - 38
DOI: 10.13189/ujaf.2023.110201
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Textile and Garment Sector Financial Distress and Its Prediction: A Systematic Indonesia Literature Review

Muhani ^1,2, Syamsu Alam ¹, Muhammad Yunus Amar ¹, Madris ¹, Kadek Wiweka ^3,4,*
1 Faculty of Economics and Business, Hasanuddin University, Makassar, Indonesia
² Faculty of Economics and Business, National University, Jakarta, Indonesia
³ École Doctorale Sociétés, Temps, Territoires (EDSTT) Tourisme, Université Angers, France
⁴ Department of Research, Sahid Polytechnic, Indonesia

ABSTRACT

The purpose of this study is to examine the conceptualization of financial distress research in the textile and apparel industries, particularly in terms of research scope and methodology. Furthermore, this article attempts to systematically analyze the network formed by these literatures. In this study, a qualitative approach was used through the literature review method, with 41 specific articles about financial distress in the textile and garment sector serving as the research corpus and drawn from the Litmaps database. To interpret and describe the frequency patterns and relationships visualized using RStudio and Gephi devices, text mining, network analysis, and content analysis were used. This study discovers that a frequently discussed issue is the influence of financial variables, both dependent and independent, on the prediction of financial distress or vice versa, using various quantitative approaches and models of financial distress. This claim is supported by the findings of a systematic analysis, which reveals a positive correlation between global cloud output and network analysis. The corpus aspect of this research is limited, and the research scope is limited to the Indonesian context. Future research with broader literature sources and different types of company sectors is highly anticipated. This literature review can provide a comprehensive framework for researchers and practitioners who are interested in cases of financial distress. Furthermore, this is a recent study that conducts a systematic review of the literature on financial distress in Indonesian textile and garment companies.

KEYWORDS
Financial Distress, Textile and Garment Sector, Literature Review, Systematic Network Analysis

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Muhani , Syamsu Alam , Muhammad Yunus Amar , Madris , Kadek Wiweka , "Textile and Garment Sector Financial Distress and Its Prediction: A Systematic Indonesia Literature Review," Universal Journal of Accounting and Finance, Vol. 11, No. 2, pp. 29 - 38, 2023. DOI: 10.13189/ujaf.2023.110201.

(b). APA Format:
Muhani , Syamsu Alam , Muhammad Yunus Amar , Madris , Kadek Wiweka (2023). Textile and Garment Sector Financial Distress and Its Prediction: A Systematic Indonesia Literature Review. Universal Journal of Accounting and Finance, 11(2), 29 - 38. DOI: 10.13189/ujaf.2023.110201.