Jurnal Riset Manajemen dan Bisnis
Vol 10 No 1 (2025)

Determinants of financial distress: the role of liquidity, profitability, leverage, and firm size

Akashi, Siti Aisyah (Unknown)



Article Info

Publish Date
04 Oct 2025

Abstract

This title was chosen because financial distress awareness can help management practices navigate risks that threaten a firm’s economic health. The analysis was conducted in the transportation & logistics sector of the Indonesia Stock Exchange, considering that the arrival of COVID-19 suppressed community mobility, resulting in a decrease in revenue and operating profit for companies in the sector. This research employed an associative quantitative method to analyze the secondary data collected. The research population comes from companies listed in the transportation & logistics sector of the Indonesia Stock Exchange. The sampling technique employed was a purposive sampling method, yielding 98 research samples. The analysis method used here is a pooled cross-section, which is assisted by Microsoft Excel and Eviews 13 tools. The results of this study state that Liquidity has a significant effect on Financial Distress; Profitability has no considerable effect on Financial Distress; Leverage has no significant impact on Financial Distress; and Company Size has no considerable effect on Financial Distress in companies listed in the transportation and logistics sector on the Indonesia Stock Exchange for the period 2019-2022.

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Journal Info

Abbrev

JRMB

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Jurnal Riset Manajemen dan Bisnis is intended to be the journal for publishing articles reporting the results of research on Business Management. The journal will focus on providing quality research in the areas of Business Management. The goal of the journal is to cover topics that are paramount in ...