Pengaruh Profitabilitas, Makroekonomi, Firm Size Terhadap Financial Distress Dengan Nilai Perusahaan Sebagai Variabel Moderating

Abstract

One of the key contributors to the country's economic health is the banking industry. From 2017 to 2021, there were eight banking companies that were liquidated. So it is necessary to anticipate from the beginning so that bankruptcy does not occur. One way to see if a company is in financial distress can be done using the Altman's Z-Score method. This investigation was carried out with the intention of measuring and knowing the extent to which profitability, macroeconomic, and firm size ratios are proxied by Return On Assets (ROA), inflation, and total assets to financial distress using the Altman's Z-Score method through a moderating variable in the form of firm value proxied by PBV. This is a quantitative study that relies on secondary data gathered through a literature review. The population of this study is the whole banking industry in Indonesia, with a total sample of 23 enterprises acquired using the purposive sampling approach. This study employs panel data using the Moderated Regression Analysis (MRA) approach, which is carried out using Econometric Views (Eviews) version 10. According to the findings of this study, profitability had a favorable influence on financial distress, but macroeconomics, business size, and firm value had no effect. Meanwhile, firm value is deemed unable to moderate the independent variable on the dependent variable in this study, so it is unknown whether firm value increases or weakens the independent variable on the dependent variable.

Financial Distress Menurun Akibat Biaya Agensi Manajerial Pada Perusahaan Perbankan Di Bei: Pendekatan Kuantitatif Pada Rentang Waktu 2020-2022

“…Rasio profitabilitas menurut (Heliani & Elisah, 2022) adalah perbandingan akun-akun yang terdapat dalam laporan laba rugi yang mengutamakan keuntungan investasi berupa laba. Rasio ini menilai kapasitas perusahaan untuk menciptakan keuntungan dari kegiatan operasionalnya.…”

The Effect of Comprehensive Profit, Cash Flow and ROA Components on Stock Price in Financial Sector Companies Listed on the Indonesia Stock Exchange in 2017–2021

“…According to Biddle and Choi (2006) in [14], comprehensive income is more related to price share rather than net income. With an increasing comprehensive income, it shows an increase in terms of retained earnings and dividends distributed by the company to owners, which is, of course, good news for the company.…”

Peran Keunggulan Kompetitif, Inovasi Produk, dan Jaringan Bisnis terhadap Kinerja Ekonomi Daerah

“…Studi ini menemukan bahwa semua UKM memiliki cukup banyak orang dalam kompetensi pemasaran, tetapi tingkat inovasi pemasaran masih rendah. Oleh karena itu, UKM perlu meningkatkan inovasi pemasaran mereka untuk mencapai keunggulan kompetitif yang berkelanjutan (Olazo, 2023) (Bahri et al, 2021;Heliani, Handayani, et al, 2022;Heliani & Elisah, 2022;K Fadhilah et al, 2022;Riany et al, 2021).…”