Nahla Annabila
Fakultas Ekonomi Universitas Tarumanagara Jakarta

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Pengaruh Leverage, Likuiditas, Arus Kas Operasi, Dan Sales Growth Terhadap Financial Distress Nahla Annabila; Rosmita Rasyid
Jurnal Paradigma Akuntansi Vol. 4 No. 3 (2022): Juli 2022
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jpa.v4i3.19975

Abstract

This research aims at how the role of leverage, liquidity, operating cash flow, and sales growth on financial distress in manufacturing companies in the basic industry and chemical that are listed on the Indonesia Stock Exchange during 2017-2019. The samples were selected using purposive sampling method and the valid data were 44 companies. The data processing technique using logistic regression analysis assisted by the EViews program version 11 for Windows and Microsoft Excel 2016. The results of this study indicate that leverage has a significant effect on financial distress, and liquidity, operating cash flow, and sales growth have no significant effect against financial distress. The implication of this research is the need to improve company performance and financial performance in order to reduce and avoid the risk of financial distress in the company.