Pengaruh Rasio Keuangan Pada Financial Distress Perusahaan Ritel Yang Terdaftar di Bursa Efek Indonesia (BEI)

Abstract

ABSTRAKPenelitian ini bertujuan untuk memperoleh bukti empiris mengenai pengaruh rasio keuangan yakni rasio likuiditas, leverage, profitabilitas, aktivitas, dan pertumbuhan pada financial distress perusahaan ritel yang terdaftar di Bursa Efek Indonesia (BEI). Penelitian dilakukan selama periode 2013-2017 dengan jumlah sampel sebanyak 75 pengamatan yang dipilih dengan metode non probability sampling yaitu purposive sampling. Teknik analisis data yang digunakan adalah analisis regresi logistik. Hasil penelitian membuktikan bahwa rasio leverage berpengaruh positif pada financial distress. Rasio profitabilitas dan rasio aktivitas berpengaruh negatif pada financial distress. Rasio likuiditas dan rasio pertumbuhan tidak berpengaruh pada financial distress. Kata Kunci: rasio keuangan, financial distress, interest coverage ratio ABSTRACT This study aims to obtain empirical evidence regarding the effect of financial ratios, namely liquidity ratios, leverage, profitability, activity, and growth on retail financial distress companies listed on the Indonesia Stock Exchange (IDX). The study was conducted during the period 2013-2017 with a total sample of 75 observations selected by non-probability sampling method, namely purposive sampling. The data analysis technique used is logistic regression analysis. The results of the study prove that leverage ratios have a positive effect on financial distress. Profitability ratios and activity ratios have a negative effect on financial distress. The liquidity ratio and growth ratio have no effect on financial distress.

Media Digitalization, an Analysis of Financial Distress In a Newspaper Company-Evidence from Indonesia

“…The result of this study is in line with research conducted by [16], which stated that sales growth ratio does not influence financial distress. A company with a high sales growth rate does not guarantee that the company has high profits, so that it can avoid financial distress.…”

“…The result of this study is in line with research conducted by [16], which stated that return on assets has a negative influence on financial distress. This research is supported by research conducted by [10] and [19] which stated the same thing.…”

“…On the other hand, research conducted by [16] stated that the leverage ratio has a positive influence on financial distress. The results of this analysis is in line with research conducted by [10], which stated the same thing.…”

“…On the other hand, [16] stated that the liquidity ratio does not influence financial distress conditions. The analysis result showed that the level of liquidity of a company cannot guarantee that the company will experience financial distress because the current ratio is a measure of short-term liquidity, while financial distress is a prediction for the long term.…”

Comparative Analysis of Financial Performance Upon Automotive Companies Registered in BEI

“…Nipress was included in the healthy category only in 2012 -2013. This result is made clear by the statement [21,22] who state that the condition of the automotive industry in Indonesia is in an unhealthy state. This is internally caused by the decline in the company's net profit and many assets in the company that are still unable to optimize profit growth within the company.…”