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ANALISIS FAKTOR FAKTOR YANG MEMPENGARUHI FINANCIAL DISTRESSS
PRASETIONO

FEB UNDIP SEMARANG


Abstract

ABSTRACT This research aims to analyze the influence of financial leverage, liquidity, profitability, company size and ownership structure toward financial distress on manufacture companies listed on Indonesia Stock Exchange. The idea came from a phenomenon where around 25 percent of manufacture companies suffered a financial distress in 2017 and also the inconsistency of previous research regarding factors that influence financial distress. The result of this study are expected to provide a clearer conclusion, what are dominant factors that affect financial distress. The population on this study is a manufacturing companies listed on the Indonesian Stock Exchange. The sampling technique uses purposive sampling method, which is a manufacturing companies listed on Indonesia Stock Exchange in 2010 to 2017 and avalaible data is examined. The data is analyzed using logit model to find out which factor that dominantly contributes toward financial distress. The results of this research show that liquidity, profitability and institutional ownership variables have significantly negative impact toward financial distress. The liquidity being the most dominant variable to financial distress. On the other hand, financial leverage has insignificantly positive impact toward financial distress. Lastly, the company size and managerial ownership variables show an insignificantly negative result toward financial distress. The findings of this research will provide an insight in the decision making process for investor and management decisions inorder to avoid greater losses. Besides that the findings are expected to be able to fill gap in empirical research so that it can be used as a reference for knowledge development in the future. Keywords: financial leverage, liquidity, profitability, ownership, company size, financial distress.

Keywords: Keywords: financial leverage, liquidity, profitability, ownership, company size, financial distress.

Topic: Manajemen Keuangan

Link: https://ifory.id/abstract/GhQ9YqkWMc7T

Conference: Forum Manajemen Indonesia 11 Samarinda (FMI 2019)

Plain Format | Corresponding Author (prasetiono prasetiono)

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