Pengaruh Likuiditas, Profitabilitas, Leverage, dan Aktivitas dalam Memprediksi Financial Distress pada Perusahaan Subsektor Retail Trade yang Terdaftar di BEI

Susanti, Widya; Takarini, Nurjanti

doi:10.33087/ekonomis.v6i2.591

Cited by 3 publications

(3 citation statements)

References 4 publications

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“…Meanwhile, research conducted by Arifin et al (2021) and Dwiantari (2021) states that profitability proxied by ROA has a significant negative effect on financial distress. This is in contrast to research conducted by Susanti & Takarini (2022) which states that profitability has no significant effect on financial distress.…”

Section: Introductioncontrasting

confidence: 99%

Company Performance and Financial Distress in Automotive and Component Companies Listed on the Indonesia Stock Exchange

Triliana¹,

Sutrisno²

2023

IJMRA

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One of the company's efforts is to avoid financial distress which can result in the closure of the company. The purpose of this study was to examine the effect of financial performance on financial distress. Financial distress is measured using Altman's discriminatory theory or often referred to as the Altman Z-score, while company performance consists of profitability as measured by return on assets (ROA), liquidity is measured by current ratio (CR), leverage is measured by debt to equity ratio (DER). ), and sales growth. The population of this study were 13 automotive and component companies listed on the Indonesia Stock Exchange (IDX) and 12 companies were taken as a sample because one company had incomplete data. Hypothesis testing using multiple regression analysis with a significance level of 0.05. The results showed that profitability (ROA) and liquidity (CR) had a positive and significant effect on financial distress, while leverage (DER) had a significant but negative effect on financial distress. Other results show that free cash flow and sales growth have no significant effect on financial distress.

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Section: Introductioncontrasting

confidence: 99%

Company Performance and Financial Distress in Automotive and Component Companies Listed on the Indonesia Stock Exchange

Triliana¹,

Sutrisno²

2023

IJMRA

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“…The company needs a sufficient amount of cash from current assets to fulfill its current obligations. The results of this study are in line with previous research conducted by (Susanti and Takarini., 2022), Arohmawati and Pertiwi (2021), and (Ariqoh and Yuniningsih., 2022), which state that liquidity has a positive effect on financial distress. However, this research is different from research conducted by Rachmawati & Nur (2021), Kushidayati & Nur (2021) and Susilo & Suwaidi (2022), which state that liquidity does not contribute to financial distress.…”

Section: Effect Of Liquidity On Financial Distresssupporting

confidence: 93%

Financial Distress with Firm Size as a Moderating Variable in the Construction Sub Sector on the Indonesian Stock Exchange

Aginio Bimantio,

Ichsanuddin Nur

2023

JEFMS

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Financial distress is a stage where the company's financial condition has decreased significantly. The occurrence of financial distress starts from a decrease in the company's financial condition starting from the company's inability to meet short- term obligations, including liquidity obligations and obligations in the leverage category before bankruptcy. Financial distress can be calculated with various calculation models, one of which is the Zmijewski model. The purpose of this study is to give empirical data on the effect of profitability, liquidity, and leverage on financial distress with firm size as a moderating variable in construction sector companies on the Indonesian stock exchange for the 2019-2022 period. The sample obtained was 14 companies with a total of 56 company financial report data. The sampling technique used purposive sampling technique. The analysis method in this study uses moderation regression analysis using the SPSS tool. The study's conclusions state that the profitability ratio does not contribute to financial distress, liquidity can contribute to financial distress, leverage can contribute to financial distress, firm size moderates the leverage relationship to financial distress, firm size does not moderate the profitability relationship to financial distress, firm size is unable to moderate the liquidity relationship to financial distress.

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“…The high level of debt increases the possibility of default, which can have Financial Distress Analysis with Firm Size as a Moderating Variable in the Restaurant, Hotel, and Tourism Sub-Sector Companies on the Stock Exchange of Indonesia a devastating effect on the company's finances. Research carried out by Susanti and Takarini (2022) and Putri and Aminah (2022), have demonstrated that leverage has a favorable and significant impact on predicting financial distress. H3: Leverage is positively impacted to financial distress.…”

Section: Effect Of Leverage On Financial Distressmentioning

confidence: 99%

Financial Distress Analysis with Firm Size as a Moderating Variable in the Restaurant, Hotel, and Tourism Sub-Sector Companies on the Stock Exchange of Indonesia

Riono Putri,

Ichsanuddin Nur

2023

JEFMS

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A financial distress decline in financial health a bussiness had before bankruptcy, so it is important for companies to analyze financial distress as a form of prevention from the start. The investigation’s goal was to examine financial distress using financial ratios that were tempered by firm size. The sample for this analysis consists of 41 firms operating in the restaurant, hotel, and tourist industries that are listed on the Stock Exchange of Indonesia between 2018 - 2021. These studies used purposive sampling techniques to gather samples from 23 different businesses. The data testing procedure employs Moderated Regression Analysis (MRA) in SPSS Version 26. Profitability and leverage were shown to be major factors in the probability of financial trouble. There is little correlation between liquidity and the likelihood of economic hardship. Profitability and leverage can exacerbate financial difficulty, although a company's scale can mitigate this. However, the impact of liquidity on financial hardship can't be dampened by a company's size.

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Pengaruh Likuiditas, Profitabilitas, Leverage, dan Aktivitas dalam Memprediksi Financial Distress pada Perusahaan Subsektor Retail Trade yang Terdaftar di BEI

Cited by 3 publications

References 4 publications

Company Performance and Financial Distress in Automotive and Component Companies Listed on the Indonesia Stock Exchange

Company Performance and Financial Distress in Automotive and Component Companies Listed on the Indonesia Stock Exchange

Financial Distress with Firm Size as a Moderating Variable in the Construction Sub Sector on the Indonesian Stock Exchange

Financial Distress Analysis with Firm Size as a Moderating Variable in the Restaurant, Hotel, and Tourism Sub-Sector Companies on the Stock Exchange of Indonesia

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