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All Journal Journal of Trends Economics and Accounting Research
Ariyanti, Valentina
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Economics, Econometrics & Finance

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Journal : Journal of Trends Economics and Accounting Research

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Pengaruh Sales Growth, Likuiditas, dan Ukuran Perusahaan Terhadap Financial Distress Ariyanti, Valentina; Dani Sopian
Journal of Trends Economics and Accounting Research Vol 4 No 4 (2024): June 2024
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jtear.v4i4.1284

Abstract

In this study, financial distress levels are measured using the Springate model method. Factors considered include sales growth, liquidity, and company size with the aim of investigating the impact of these three main factors on the potential for financial distress. The sample used comes from companies listed on the Bursa Efek Indonesia for a period of 5 years. The research method used a quantitative approach. The analysis results indicate that there is no multicollinearity with VIF values of 1.058 (Sales Growth), 1.004 (Liquidity), and 1.062 (Company Size) which are below 10. The residual distribution is normal with a sig value of 0.063, and there is no heteroskedasticity or autocorrelation with dU < d < 4-dU, meaning 1.6739 < 2.018 < 2.3261. Through hypothesis analysis, it was found that all variables studied actually have a simultaneous effect with significant values below 0.05, but only liquidity significantly influences the level of financial distress partially with a t-value of 6.256 > t-table 1.679.. Variable X is known to contribute 46% to the observed level of financial distress in the R square analysis. This finding indicates the need for further discussion to deeply understand the implications of this research.
Co-Authors Dani Sopian