Analisis Faktor-Faktor Yang Mempengaruhi Financial Distress
DOI:
https://doi.org/10.52062/jaked.v18i1.3042Keywords:
financial distress, operating cash flow, leverage, operating capacity, firm sizeAbstract
Financial distress is a condition of decline in the company's performance and finances that can have an impact on the company's bankruptcy. Financial distress needs to be overcome early so that the company avoids bankruptcy. Therefore, it is necessary to analyze financial distress to anticipate bankruptcy. The study was conducted with the aim of examining the effect of operating cash flow, leverage, operating capacity, and company size on financial distress. The type of research conducted is quantitative research with purposive sampling methods. The data used is secondary data with financial statements from real estate and property sub-sector companies for the 2019-2021 period listed on the Indonesia Stock Exchange (IDX). Companies that became a sample of 61 companies in 3 periods with a total sample of 183 samples. The method used in the study was multiple linear regression analysis using the SPSS program version 25. The results showed that operating cash flow and leverage affect financial distress. Variables that do not affect financial distress in this study are operating capacity and company size.
Downloads
References
Alshahrani, F., Eulaiwi, B., Duong, L., & Taylor, G. (2022). Climate change performance and financial distress. Business Strategy and the Environment, October, 1–23.
Asfali, I. (2019). Pengaruh profitabilitas, likuiditas, leverage, aktivitas, pertumbuhann penjualan terhadap financial distress perusahaan kimia. Jurnal Ekonomi Dan Manajemen, 20(2), 56–66.
Ayu, A. S., Handayani, S. R., & Topowijono. (2017). Pengaruh likuditas, leverage, profitabilitas, dan ukuran perusahaan terhadap financial distress studi pada perusahaan manufaktur sektor industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia tahun 2012-2015. Jurnal Administrasi Bisnis, 43(1), 138–147.
Bhandari, S., & Snyder, A. J. J. (2018). A generic model of predicting probability of success-distress of an organization: a logistic regression analysis. Journal of Applied Business Research, 34(1), 169–182. https://doi.org/10.19030/jabr.v34i1.10107
Dirman, A. (2020). Financial distress: the impacts of profitability, liquidity, leverage, firm size, and free cash flow. International Journal of Business, Economics and Law, 22(1), 1.
Fitri, M. A., & Dillak, V. J. (2020). Arus kas operasi, leverage, sales growth terhadap financial distress. Jurnal Riset Akuntansi Kontemporer, 12(2), 60–64.
Gaos, R. R., & Mudjiyanti, R. (2021). Pengaruh Corporate Governance Dan firm Size Terhadap Financial Distress. Kompartemen: Jurnal Ilmiah Akuntansi, 19(1), 13–24.
Ghozali, I. (2021). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 26 Edisi 10. Badan Penerbit Universitas Diponegoro.
Gujarati, D. (2003). Basic econometric 4th ed. McGraw-Hill.
Humairoh, F., & Nurulita, S. (2022). The effect of corporate governanceon financial distress. Jurnal Riset Akuntansi Kontemporer, 14(2), 237–242.
Khasanah, S. N. U., Sukesti, F., & Nurcahyono, N. (2021). Pengaruh operating capacity, sales growth, arus kas dan leverage terhadap financial distress. Jurnal Sustainable, 1(2), 357–371.
Kumalasari, R. D., Hadiwidjojo, D., & Indrawati, N. K. (2014). The effect of fundamental variables and macro variables on the probability of companies to suffer financial distress a study on textile companies registered in BEI. European Journal of Business and Management, 6(34), 275–285.
Margie, L. A., & Setiawati, E. (2022). Analisis kinerja keuangan dan internal ownership terhadap financial distress. Jurnal Ilmiah Kreatif, 8(1), 112–128.
Ramadhani, A. L., & Khairunnisa. (2019). Pengaruh operating capacity, sales growth dan arus kas operasi terhadap financial distress. Jurnal Riset Keuangan Dan Akuntansi, 5(1), 75–82.
Salim, S. N., & Dillak, V. J. (2021). Pengaruh ukuran perusahaan , biaya agensi manajerial , struktur modal dan gender diversity terhadap financial distress. Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi), 5(3), 182–198.
Sarina, S., Lubis, A., & Linda. (2020). Pengaruh ukuran perusahaan, debt to equity ratio, return on equity dan current ratio untuk mengidentifikasi financial distress pada perusahaan properti yang terdaftar di bursa efek indonesia periode 2014-2017. Owner (Riset Dan Jurnal Akuntansi), 4(2), 527–539.
Setiyoharini, R., & Taufiqurahman, E. (2022). Pengaruh rasio keuangan, kepemilikan saham, dan indikator makroekonomi terhadap financial distress. Jurnal Ekonomi & Ekonomi Syariah, 5(1), 743–756.
Shidiq, J., & Khairunnisa, &. (2019). Analisis Rasio Likuiditas, Rasio Leverage, Rasio Aktivitas, dan Rasio Pertumbuhan Terhadap Financial Distress Menggunakan Metode Altman Z-Score Pada Sub Sektor Tekstil dan Garmen di BEI Periode 2013-2017. In Jurnal Ilmiah Manajemen UPB (Vol. 7, Issue 2, pp. 17–48).
Syuhada, P., Muda, I., & Rujiman. (2020). Pengaruh kinerja keuangan dan ukuran perusahaan terhadap financial distress pada perusahaan property dan real estate di bursa efek indonesia. Jurnal Riset Akuntansi Dan Keuangan, 8(2), 319–336. https://ejournal.upi.edu/index.php/JRAK/article/view/22684
Yusnita, H. (2022). Pengaruh arus kas operasi, leverage , profitabilitas Dan Enterprise Risk Management (ERM) Disclosure terhadap financial distress perusahaan manufaktur sub sektor industri dasar dan kimia yang terdaftar di BEI tahun 2018-2020. Jurnal Akuntansi Dan Bisnis Krisnadwipayana, 9(2), 640. https://doi.org/10.35137/jabk.v9i2.685
Zhafirah, A., & Majidah. (2019). Analisis determinan financial distress (studi empiris pada perusahaan subsektor tekstil dan garmen periode 2013-2017). Jurnal Riset Akuntansi Dan Keuangan, 7(1), 195–202.
.png)
.png)
.png)
.png)
.png)
.jpg)
