Jurnal AKSI (Akuntansi dan Sistem Informasi)
Vol. 8 No. 1 (2023)

The Moderating Role of Firm Value in the Effect of Profitability Ratios, Macroeconomics, and Firm Size on Financial Distress

Siti Elisah (Universitas Nusa Putra)
Heliani (Universitas Nusa Putra)



Article Info

Publish Date
02 Jun 2023

Abstract

One of the main contributors to the country's economic health is the banking industry. During 2017-2021, 8 banking companies were liquidated. So it needs to be anticipated from the start so that bankruptcy does not occur. One way to see if there is financial distress in a company can be done by using the Altman's Z-Score method. This study was conducted with the aim of measuring and knowing the extent of the influence of profitability, macroeconomics, and firm size on financial distress through a moderating variable in the form of firm value. This is a quantitative study that relies on secondary data collected through a literature review. The population of this study is the entire banking industry in Indonesia, with a total sample of 23 companies obtained using a purposive sampling approach. This study uses panel data using the Moderated Regression Analysis (MRA) approach, which was carried out using Econometric Views (Eviews) version 10. According to the findings of this study, profitability has a beneficial effect on financial distress, but macroeconomics, business size, and firm value no effect. While the firm value is considered unable to moderate the independent variable on the dependent variable in this study.

Copyrights © 2023






Journal Info

Abbrev

aksi

Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance

Description

Jurnal AKSI (Akuntansi dan Sistem Informasi) with registered number ISSN 2541-3198 (printed), ISSN 2541-6145 (online) is scientific journals which publish articles from the fields of accounting and information system. AKSI will publish in two times issues Volume 1, Numbered: 1-2 are scheduled for ...