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Journal : Jurnal Profiet

Pengaruh Profitabilitas, Leverage, Likuiditas, dan Kepemilikan Manajerial terhadap Financial Distress Handayani, Damia Fitri; Wuryani, Eni
Jurnal Profiet Vol 6 No 1 (2025): Jurnal Profiet
Publisher : STIE Perbankan Indonesia

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Abstract

This study aims to investigate and analyze the impact of profitability, leverage, liquidity, and managerial ownership on financial distress in banking companies listed on the Indonesia Stock Exchange. The secondary data used in this study comes from 47 banking companies that have consistently been listed during the 2020-2023 period and passed the purposive sampling test. The analysis technique employed is multiple linear regression using SPSS software. The results show that the variables of profitability, liquidity, and managerial ownership have a positive impact on financial distress, while leverage does not show a significant effect. These findings indicate that careful risk management and the implementation of good corporate governance are crucial to prevent potential financial problems in the banking sector, particularly in maintaining financial stability and the long-term sustainability of companies. Keywords: Financial Distress, Profitability, Leverage, Liquidity, Managerial Ownership
Pengaruh Profitabilitas, Likuiditas, Solvabilitas, Aktifitas, dan Ukuran Perusahaan terhadap Harga Saham Perusahaan Infrastruktur yang terdaftar di BEI Prasetya, Fahkriansyah Kurniawan; Wuryani, Eni
Jurnal Profiet Vol 6 No 1 (2025): Jurnal Profiet
Publisher : STIE Perbankan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the influence of five variables—profitability, liquidity, solvency, activity, and firm size—on the stock prices of infrastructure companies listed on the Indonesia Stock Exchange (BEI) during the period 2021–2023. A purposive sampling technique was applied to obtain 56 companies from secondary data. Analysis was conducted using the multiple linear regression method in order to ensure the accuracy of the research model. The results of the study indicate that ROA and DER have a significantly negative effect on stock prices. Meanwhile, CR, TATO, and Total Asset do not show a significant effect. These findings indicate that although infrastructure companies are able to generate profits, a high debt structure and potential inefficiencies in asset utilization can reduce investment interest, thereby impacting a decline in stock prices. Keywords: ROA, CR, DER, TATO, Stock Price