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Journal : Insight Management Journal

The effect of profitability, liquidity, leverage, and activity on financial distress at PT Waskita Karya (Persero) Tbk Ayatika, Arini; Suryaningprang, Andre; Herlinawati, Erna; Sudaryo, Yoyo; Supiyadi, Dedi
Insight Management Journal Vol. 4 No. 2 (2024): January
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/imj.v4i2.314

Abstract

The aim of this study is to find out how profitability, liquidity, leverage, and activity have a partial and simultaneous effect on financial distress. To collect samples, the researchers used purposive sampling. This research uses secondary data from the triwulan financial report of PT Waskita Karya (Persero) Tbk for the period 2013-2023. The study uses a descriptive and verification approach that includes descriptive tests, classical assumption tests, double linear regression analysis, determination coefficient analysis, and hypothesis testing. The results of the determination factor tests show that profitability, liquidity, leverage, and operational influences 90.20% of financial distress, and 9.80% are influenced by other factors not considered in the study. It can be concluded from the hypothesis test that partially Profitability, Liquidity, and Activity have a positive and significant influence on Financial Distress, while Leverage has a negative and significant effect on Financial distress while simultaneously Profitability, liquidity, Leverage, and Aktivity have an influence upon Financial Distress. Researchers recommend using different research objects and larger samples, not just that for further research it is recommended to use measuring tools that project different financial distress such as using the Springate, Zmijewski, or Grover methods
Co-Authors Abdul Aziz Mubarok, Dadan Agustina, Siti Fadhilah Al Fikri Rachman, Iqbal Amaludin, Rizki Andre Suryaningprang Anggarani Putri, Keukeu Ardillah, Nurul Arie Hendra Saputro Asna, Gina Ismatul Asti Nur Aryanti Auliya, Nisa Ayatika, Arini Cellia, Cindy Chandra Jaya, Rama Dadan Abdul Aziz Dadan Abdul Aziz Dadan Abdul Aziz Mubarok Dadan Abdul Aziz Mubarok Darmawan, Gugun Dayona Ismail, Gurawan Deni Hamdani Devi Anggraeni Dewi, Nadira Aulia Setia Dian Mayasari Dina Yulia Wijaya Fanji Wijaya Fany Oktaviani Fazriati, Winda Febrianita Fitri Julianti Gina Ismatul Asna Gurawan Dayona Ismail Hery Widijanto Husni Abdullah Icha Sandrina, Icha Sandrina Indra, Agustian Irawan, Siti Maulani Ismail, Gurawan Dayona Jaja Suteja Jaya, Rama Chandra Juhanda, Rivaldy Julianysah Kaniasari Wulan Dewi Kartini Rahayu Khoirunnisa, Asyifa Komala Dewi, Lenny Liya Setiawati Maulani, Magfira Gifani Meilani, Haifa Syafira Mery Sri Rahayu Sri Rahayu Mohamad Ilham Nurul Kamalin Muhamad Ramdan Muhamad Sidik Ramdhan Muhammad Adli Qur’ani Mukti Ali, Mochammad Mulyaningrum Mulyaningrum Muttaqin, Ridlwan Niken Annisa Zulkarnaen Nuriana, Mellysha Septiani Putri Dwi Nurillah, Dewi Fitriani Nurshifa Putri Irawan Nurul Fadli, Ahmad Mukhlis Oktapian, Elsa Palupi Permata Rahmi Permana, Ari Putri, Rizka Ardlia Putri, Salma Sofyanti R. Rheina Amalina Iskandar Rama Chandra Jaya Rasti Ristiya Ratna Ningsih Recky, Recky Retno Nur Alfanti Ridma Meltareza Ridwan Ridwan Riyandi Nur Sumawidjaja Riyandi Nur Sumawidjaja Riyandi Nur Sumawidjaja Rizkyanti, Mira Rovita, Angelina Levi Sayyidinaa Zahra Ridha Pramitha Shafa, Adinda Kamila Siddiq, Andhika Mochamad Sidqi, Alzan Zhafir Siti Nur Asyifa, Alma Siti Susanti Sofy Novianti Suci Fauziah Lestari Suhendra Suhendra Sumawidjaya, Riyandi Nur Supiyadi, Dedi Surachman Surjaatmadja Suryatna, Tri Syam Gunawan Syamsul Bachri Syarif, Devyanthi Tiara Nanda Salsabilla Tjipto Sajekti Wanda, Syalwa Nazhifah Aulya Wijaya, Dina Yulia Wini Fetia Wardhiani Wulandari, Asti Yanda Ihza Rizky Yoyo Sudaryo