Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Vol. 4 No. 9 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan

Pengaruh profitabilitas, leverage dan likuiditas terhadap financial distress

Hertina, Dede (Unknown)
Wahyuni , Linda Destya (Unknown)
Ramadhan , Galih Kharisma (Unknown)



Article Info

Publish Date
24 Apr 2022

Abstract

This study aims to determine the effect of Profitability, Leverage and Liquidity on  Financial Distress in the Property, Real Estate and Building Construction sectors  listed on the Indonesia Stock Exchange in 2014-2018. The indicators tested in this  study are Return on Asset (ROA), Debt to Asset Ratio (DAR), and Current Ratio  (CR) as independent variables and Financial Distress (Springate S-score) as the  dependent variable. The research method used is descriptive and verification  methods. The population in this study were 45 companies in the Property, Real  Estate and Building Construction sector listed on the Indonesia Stock Exchange in  2014-2018. The sampling technique based on  purposive sampling obtained a  sample of 16 companies for 5 years from 2014 to 2018 so that 80 observational  data were obtained. The statistical analysis used in this study is the Panel Data  regression analysis technique at the 5% significance level with the help of the  EViews 9 application.The results show that partially the profitability ratio (ROA)  and liquidity (CR) have a significant positive effect on Financial Distress which is  proxied by theory. Springate S-score while the leverage ratio (DAR) has no effect  on Financial Distress as proxied by the Springate S-score theory. Meanwhile, the  ratio of profitability, leverage and liquidity simultaneously affects the Financial  Distress of the Property, Real Estate and Building Construction sectors listed on  the Indonesia Stock Exchange in 2014-2018. 

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Journal Info

Abbrev

fairvalue

Publisher

Subject

Economics, Econometrics & Finance

Description

The Aim of this Fair Value : jurnal Ilmiah Akuntansi dan Keuangan is the media for scientific studies resulting from research, thoughts and critical-analysis studies on accounting, financial, Cooperative and SMEs issues in Indonesia and southeast asia especially and also in the world. The intended ...