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Journal : Journal of Innovative and Creativity

The Relationship Between Liquidity, Leverage, Cash Flow, and Profitability On Financial Distress Silalahi, Melfa Asi Gres Br; Mukhzarudfa, Mukhzarudfa; Silvera, Dica Lady
Journal of Innovative and Creativity Vol. 5 No. 3 (2025)
Publisher : Fakultas Ilmu Pendidikan Universitas Pahlawan Tuanku Tambusai

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Abstract

This study examines the relationship between liquidity, leverage, cash flow, and profitability and financial distress in property and real estate companies listed on the Indonesia Stock Exchange from 2021 to 2024. Financial distress is a condition in which a company experiences financial difficulties, characterized by insufficient operating cash flow to meet long-term and short-term obligations during the fall. Using signaling theory as a theoretical framework, this study employed purposive sampling and obtained a sample of 20 companies with 80 observations per company-year. Data were collected from secondary data sources, namely annual reports, and analyzed using correlation tests with Stata 17 software. The results indicate that liquidity has a high positive relationship with financial distress, leverage has a very high negative relationship with financial distress, cash flow has a low positive relationship with financial distress, and profitability does not show a significant relationship with financial distress
The Relationship Between Corporate Social Responsibility, Capital Structure, And Profitability On Firm Value Putri, Nurfani Amelia; Mukhzarudfa, Mukhzarudfa; Brilliant, Aulia Beatrice
Journal of Innovative and Creativity Vol. 5 No. 3 (2025)
Publisher : Fakultas Ilmu Pendidikan Universitas Pahlawan Tuanku Tambusai

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Abstract

This study endeavours to investigate the nexus among Corporate Social Responsibility, Capital Structure, and Profitability in relation to Firm Value. Employing a purposive sampling approach, the research focuses on energy-sector entities listed on the Indonesia Stock Exchange (IDX) over the 2021–2024 timeframe. The dataset was procured from the official IDX portal (www.idx.co.id) and the respective corporations’ authorised websites. Analytical procedures were conducted through a correlation examination utilising Stata version 17. The empirical outcomes reveal that both Corporate Social Responsibility and Capital Structure exhibit an exceedingly weak and statistically non-significant association with Firm Value, whereas Profitability demonstrates a moderately robust and statistically significant positive correlation with Firm Value.