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p-Index From 2021 - 2026
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All Journal Journal of Social Science Return : Study of Management, Economic and Bussines
Sonny Setyadhy
Universitas Borobudur
Economics, Econometrics & Finance Social Sciences

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The Influence of Liquidity, Leverage, Profitability, and Operating Cash Flow on the Possibility of Financial Distress of PT. Waskita Karya (Persero) Tbk for the Period of 2014 – 2023 Sonny Setyadhy; Yolanda Yolanda
Journal Of Social Science (JoSS) Vol 3 No 11 (2024): JOSS
Publisher : Al-Makki Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57185/joss.v3i11.381

Abstract

This study aims to analyze the influence of liquidity, leverage, profitability, and operating cash flow on the possibility of financial distress at PT Waskita Karya (Persero) Tbk during the period of 2014-2023. Using multiple linear regression methods, this research processes financial data obtained from annual financial statements. The analysis results indicate that liquidity and leverage have a significant negative effect on the likelihood of financial distress, while profitability shows a significant positive effect. Operating cash flow does not demonstrate significant influence within this model. The research model has a fairly good explanatory capacity, with an adjusted R-squared of 63.73%. These findings suggest that effective working capital management and strategic use of debt can reduce the risk of financial distress; however, aggressive growth strategies reflected in high profitability increase that risk. This research provides insights into the financial dynamics within Indonesia's construction industry and can assist in formulating more effective risk management strategies.
The Influence of Construction Sector Performance on Basic Social Infrastructure Development in Indonesia Sonny Setyadhy; Pudji Astuty
Return : Study of Management, Economic and Bussines Vol. 5 No. 6 (2026): Return: Study of Management, Economic and Business
Publisher : PT. Publikasiku Academic Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57096/return.v5i6.467

Abstract

The development of basic social infrastructure, particularly subsidized housing and educational facilities, is a cornerstone of equitable development in Indonesia. Despite increased government spending in these areas, regional disparities in access and quality persist, raising questions about the efficiency of the construction sector as the primary implementing agent. This research aims to analyze the impact of the Indonesian Construction Sector Performance on the availability of subsidized housing and the construction of schools. The research employs a quantitative approach using panel data regression analysis. The sample covers 20 provinces in Indonesia over the period 2018 to 2024, with data sourced from Statistics Indonesia (BPS) and relevant ministries. The results of the panel data regression indicate that the performance of the construction sector has a significant and positive effect on both the availability of subsidized housing and the development of school infrastructure. This finding suggests that improvements in construction sector performance reflected in increased output, productivity, and value-added directly translate into greater physical realization of essential social infrastructure. Provinces with stronger construction sector performance are better positioned to fulfill their targets for subsidized housing provision and the construction of new educational facilities. The research underscores the strategic role of the construction industry as a key enabler in achieving national social development goals and highlights the need for sustained policies to bolster the sector's capacity and reach.
Co-Authors Pudji Astuty Yolanda Yolanda