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Journal : Management Analysis Journal

Financial Distress Analysis in Media and Entertainment Companies: The Role of Liquidity, Leverage, Profitability, and Firm Size Kurniawan, Rizki; Hartoto, Witjaksono Eko
Management Analysis Journal Vol. 15 No. 1 (2026): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v15i1.40163

Abstract

The study aims to determine and assess the size, profitability, leverage, and liquidity of corporations in relation to the financial difficulties of media and entertainment firms listed on the Indonesia Stock Exchange, which saw a fall in earnings between 2021–2024. This study's population was 56 randomly selected samples of secondary data extracted from yearly financial reports. Multiple linear regression was used for the study. The analysis of the data shows that, partially, there is a positive effect of the liquidity variable (CR), a negative effect of the leverage variable (DER), a positive effect of the profitability variable (ROA), and a negative effect of the company size variable. At the same time, 31% of the variance in financial distress is attributable to factors outside the scope of this investigation, while 69% is attributable to the interplay between liquidity, leverage, profitability, and firm size.
Co-Authors Agustina, Puti Ahmad Zainuddin Alifia Wida Izzati, Alifia Wida Aminuyati Andriyani, Fitri Aniklambas, Henny Paulina Anwariyah, Khusnul Aries Saifudin Aryanto, Mukhlis Atik Muhimatun A Awanda, Regani Rio Bafirman HB Baskoro, Aji Boike Janus Anshory, Boike Janus Br Sitepu, Sri Mahareni Cecep Hilman Dana Indra Sensuse Dwi Cahyani, Sellynda ERNAWATI " Erwin Setiawan, Erwin Fatimah, Dian Yesy Firman Firman Frisca Mareyta Ginanjar, Wahyu Girsang, Rosmaria Habibi Al Amin, Habibi Hartoto, Witjaksono Eko Hendra Purnama Herawani, Febrina Husna, Shofiatul INDAH PRABAWATI Intan, Ayu Ismail Ismail Ismail Nurdin Jamal, Adam Khoerunnisa, Maulida Rahmah Lia, Mayanda Lisandari, Yani Lusa, Sofian Manzilatusifa, Uus Mashudi , Mitro Subroto Mugiastuti, Eka Nadya Safitri, Nadya Netrawati, Netrawati Neviyarni Noer, Zakiah Nola, Surya Nurcholifah, Siti Nurhadi, Akhmad Nurhidayah, Maulida Pramudiyanto, Alvian Prasojo, Adhen Salahudin Al Ayubi Puspitasari, Dara Putra, Said Nusa Putri, Rizqiana Rachmat Trijono Rahmadani, Arnila Dinar Ria Rif’atunidaudina Rochma, Nur Salim, Nixon Salsabil, Amalia Zulfa Sandi, Muhammad Topan Santoso, Kezia Viola Satmata, Kyash Sabda Gusti Prabu Sayitno, Sayitno Sazeli Rifki, Muhamad Setyawan, Rahmat Afandi Shodiq, M. Ja’far Silviana, Ita Siswahyudianto Sri Lestari Sri Mulyanto Herlambang Sritumini, Bella Annantha Sulistiyono, Edi Suryana, Ruly Suryani, Danu Tauran, T. TB, Desita Ria Yusian Tjitjik Rahaju Ulvah, Febria Umami, Maslikhatul Umar Umar Wibawa, Muhammad Bayu Wijayanto, Rori Wulan Handayani, Wulan Yeka Hendriyani Yulianti Yulianti Zahra Cyrilla , Lucy