Pengaruh profitabilitas, likuiditas, leverage dan sales growth terhadap financial distress pada perusahaan sektor properties and real estate yang terdaftar di Bursa Efek Indonesia 2019-2021
DOI:
https://doi.org/10.26740/jim.v11n1.p187-199Keywords:
financial distress, leverage, liquidity, profitability, sales growthAbstract
The establishment of a company is to gain profit. However, in reality the company is not immune from the threat of financial difficulties. Therefore, an analysis is needed to determine the factors that influence it. The variables in this study are profitability, liquidity, leverage and sales growth to predict companies experiencing financial distress. The sample in this study is 66 companies in the Properties and Real Estate sector which are listed on the Indonesia Stock Exchange 2019-2021. Using logistic regression analysis techniques, the results show that ROA has a negative effect on financial distress, because the higher the value of a company's ROA, the lower the probability that the company will experience financial distress. While CR, DAR and Sales Growth have no effect on financial distress, a high CR cannot free a company from financial distress. A low DAR also cannot be used as a predictor of a company experiencing financial distress. Increased sales growth cannot prevent the company from experiencing financial difficulties. So that CR, DAR and Sales growth are not consistent in explaining their probabilities with the condition of companies experiencing financial distress
References
Brigham & Houston. (2014). Dasar-Dasar Manajemen Keuangan (Edisi 11). Jakarta : Salemba Empat.
Dewantari, N. L. S., Cipta, W., & Susila, G. P. A. J. (2020). Pengaruh Ukuran Perusahaan Dan Leverage Serta Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Food and Beverages Di Bei. Prospek: Jurnal Manajemen Dan Bisnis, 1(2), 74-83. https://doi.org/10.23887/pjmb.v1i2.23157
Fahmi, I. (2011). Analisis Laporan Keuangan. Lampulo : ALFABETA.
Fahmi, I. (2013). Pengantar Manajemen Keuangan. Bandung : ALFABETA.
Hartono, P. G., Lestari, H. S., Wijaya, R., Hartono, A. B., Tinungki, G. M., & Ami, P. M. (2020). Likuiditas Sebagai Prediktor Profitabilitas : Sebuah Studi Empiris Pada Perusahaan Sektor Industri Manufaktur. Jurnal Manajemen, 14(2). https://doi.org/https://doi.org/10.24127/jm.v14i2.475
Horne & Wachowicz. (2011). Prinsip-Prinsip Manajemen Keuangan (Edisi 13). Jakarta : Salemba Empat.
Indonesia, B. (2022). SHPR TRIWULAN II 2022: HARGA PROPERTI RESIDENSIAL MENINGKAT TERBATAS. https://www.bi.go.id/id/publikasi/ruang-media/news-release/Pages/sp_2421822.aspx
Kasmir. (2018). Analisis Laporan Keuangan (Cetakan ke 11). Jakarta : PT Raja Grafindo Persada.
Khasanah, S. N. U., Sukesti, F., & Nurcahyono, N. (2021). Pengaruh Operating Capacity, Sales Growth, Arus Kas dan Leverage Terhadap Financial Distress. Sustainable, 1(2), 357-369. https://doi.org/10.30651/stb.v1i2.10907
Masita, A., & Purwohandoko, P. (2020). Analisis Pengaruh Rasio Keuangan, Kepemilikan Manajerial, dan Kepemilikan Institusional terhadap Financial Distress pada Perusahaan Sektor Perdagangan, Jasa, dan Investasi yang Terdaftar di BEI Tahun 2015-2018. Jurnal Ilmu Manajemen, 8(3), 894. https://doi.org/10.26740/jim.v8n3.p894-908
Munawir, S. (2014). Analisis Laporan Keuangan (Edisi 4). Yogyakarta : Liberty.
Nurhayati, D., Dewi, R. R., & Fajri, R. N. (2021). Pengaruh Rasio Keuangan Terhadap Financial Distress pada Industri Food And Beverage di Bursa Efek Indonesia Periode 2017-2019. Ekonomis: Journal of Economics and Business, 5(1), 59. https://doi.org/10.33087/ekonomis.v5i1.197
Prasetya, E. R., & Oktavianna, R. (2021). Financial Distress Dipengaruhi oleh Sales Growth dan Intellectual Capital. JABI (Jurnal Akuntansi Berkelanjutan Indonesia), 4(2), 170. https://doi.org/10.32493/jabi.v4i2.y2021.p170-182
PT Bursa Efek Indonesia. (n.d.). Retrieved November 10, 2022, from https://www.idx.co.id/
Resmi, Mulai Hari Ini BEI Kelompokkan Emiten di 12 Sektor. (n.d.). Retrieved October 3, 2022, from https://www.cnbcindonesia.com/market/20210125150721-17-218547/resmi-mulai-hari-ini-bei-kelompokkan-emiten-di-12-sektor
Sjahrial, D. (2007). Pengantar Manajemen Keuangan (Edisi 2). Jakarta : Mitra Wacana Media.
Sugiyono. (2019). Statistika Untuk Penelitian. Bandung : ALFABETA.
Susanti, N., Latifa, I., & Sunarsi, D. (2020). The Effects of Profitability, Leverage, and Liquidity on Financial Distress on Retail Companies Listed on Indonesian Stock Exchange. Jurnal Ilmiah Ilmu Administrasi Publik, 10(1), 45. https://doi.org/10.26858/jiap.v10i1.13568
Syafri, H. S. (2010). Analisis Kritis Atas Laporan Keuangan (Cetakan 11). Jakarta : Raja Grafindo Persada.
Wijaya, R. (2019). Analisis Perkembangan Return On Assets (ROA) Dan Return On Equity (ROE) Untuk Mengukur Kinerja Keuangan. Jurnal Ilmu Manajemen. https://doi.org/https://doi.org/10.32502/jimn.v9i1.2115
Wulandari, S. A. (2020). Fluktuasi Harga Cabai Merah Di Masa Pandemi Covid 19 Di Kota Jambi. Jurnal MeA (Media Agribisnis), 5(2), 112. https://doi.org/10.33087/mea.v5i2.82
Yusnita, M.Ak., 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
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Abstract views: 1023
,
PDF Downloads: 1069
