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Pengaruh Leverage, Likuiditas Dan Profitabilitas Terhadap Financial Distress Pada Perusahaan Manufaktur Sub Sektor Industri Tekstil dan Garmen Yang Terdaftar Di BEI Periode 2021-2024 Aysa Nur Cahyani; Sri Murwanti
Community Engagement and Emergence Journal (CEEJ) Vol. 6 No. 1 (2025): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v7i1.10010

Abstract

Studi ini mengeksplorasi dinamika leverage, likuiditas, serta profitabilitas dalam memprediksi financial distress pada entitas manufaktur subsektor tekstil dan garmen yang tercatat di Bursa Efek Indonesia selama 2021–2024. Pendekatan yang diadopsi bersifat kuantitatif-asosiatif, berlandaskan pada analisis data sekunder bersumber dari laporan keuangan tahunan. Sampel dipilih secara purposive sebanyak 9 perusahaan dari 21 entitas yang memenuhi kriteria laporan lengkap, tidak delisting atau suspensi, dan mengalami financial distress. Studi ini mengeksplorasi pengaruh leverage (DER), likuiditas (CR), dan profitabilitas (ROA) terhadap financial distress, yang dioperasionalisasikan melalui Zmijewski Z-Score. Analisis menggunakan multiple linear regression, dilengkapi pemeriksaan classical assumptions dan evaluasi goodness-of-fit (R²). Temuan mengindikasikan leverage tidak menunjukkan signifikansi terhadap distress finansial, sedangkan likuiditas memberi kontribusi positif yang meaningful, dan profitabilitas memanifestasikan efek negatif signifikan menunjukkan kapasitas laba sebagai buffer kritis melawan risiko keuangan, meski posisi likuiditas tinggi tidak otomatis mencerminkan resilience korporasi. Insight ini menyarankan strategi manajerial pada optimasi cash position, peningkatan operational efficiency, dan pemeliharaan capital structure yang prudent
Sustainable Digital Innovation for the Empowerment of Environmentally Friendly Batik MSMS'e Aflit Nuryulia Praswati; Anisa Ur Rahmah; Hardika Dwi Hermawan; Aysa Nur Cahyani; Syakila Eka Putrisari Sabarwo
Abdi Psikonomi Vol 6, No 2 (2025): Oktober 2025
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/psikonomi.v6i2.9079

Abstract

This Community Service Program aims to improve the competitiveness of batik SMEs in Desa Jarum, Klaten, by adopting environmentally friendly digital technology and supporting the regeneration of young batik artisans. The implementation method includes digital marketing training, financial management, batik training, and batik waste management. The partners involved are Paguyuban ARUMCAWERASA, the Government of Desa Jarum, and BUMDes Jarum, with participants predominantly female (80%) and aged between 25-50 years. Evaluation and monitoring were carried out through pre- and post-training surveys, observations, and interviews. The results showed an 85% increase in participants' knowledge and skills, as well as a 15-20% increase in batik product sales within one month. This program successfully introduced digital technology for marketing and business management while supporting the regeneration of young batik artisans. In conclusion, this program has provided a positive impact on the Batik SMEs of Desa Jarum and can serve as a model for SME development based on technology in the digital era.