Open AccessPENGARUH LEVERAGE, PROFITABILITAS, KEPEMILIKAN INSTITUSIONAL, LIKUIDITAS, DAN UKURAN PERUSAHAAN TERHADAP FINANCIAL DISTRESS:
Author(s) -
Chintya Christella,
Maria Stefani Osesoga
Publication year - 2020
Publication title -
ultima accounting/ultimaccounting
Language(s) - English
Resource type - Journals
eISSN - 2541-5476
pISSN - 2085-4595
DOI - 10.31937/akuntansi.v11i1.1092
Subject(s) - market liquidity , leverage (statistics) , profitability index , nonprobability sampling , business , profit margin , financial system , financial ratio , financial distress , distress , debt ratio , current ratio , finance , debt , population , medicine , statistics , mathematics , clinical psychology , environmental health
The objective of this research is to obtain empirical evidence about the effect of leverage, profitability, institutional ownership, liquidity, and firm size toward financial distress. In this study, leverage was measured by Debt Ratio (DTA), profitability was measured with Net Profit Margin (NPM) and liquidity was measured by Current Ratio (CR). While financial distress was measured by Altman Z-score. Sample in this research was selected by using purposive sampling method and the secondary data used in this research is analyzed by using multiple regression method. The samples in this research were 23 firms that has been registered as manufacturer sector industry in the Bursa Efek Indonesia (BEI) for the year 2014-2016 consecutively. The results of this study are (1) leverage (DTA) has significant effect towards financial distress, (2) profitability (NPM) has significant effect on financial distress, (3) institutional ownership does not affect financial distress, (4) liquidity (CR) does not affect financial distress, and (5) firm size does not affect financial distress.