Pengaruh Profitabilitas, Likuiditas, Leverage dan Ukuran Perusahaan Terhadap Financial Distress pada Perusahaan Transportasi dan Logistik di BEI
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Institusion
Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya
Author
Putri, Shafa Meillinda
Subject
657 - ACCOUNTING
Datestamp
2023-04-05 05:37:16
Abstract :
This study aims to determine whether profitability, liquidity, leverage, and company size have an effect on financial distress in transportation and logistics companies on the IDX. This study uses the dependent variable, namely financial distress which calculated by proxy of Earning Per Share (EPS), and the independent variable is profitability as proxy of Return On Assets. (ROA), liquidity as proxy of Current Ratio (CR), leverage as proxy of Debt to Equity Ratio (DER) and company size as proxy of natural logarithm of total assets (SIZE). Secondary data obtained from the Indonesia Stock Exchange (IDX) for the 2016-2021 period, where 2016-2019 is the research period for the independent variable and 2020 and 2021 are used to see companies included in financial distress or non-financial distress. With a population of transportation and logistics companies listed on the Indonesia Stock Exchange (IDX) with a sample of transportation and logistics companies for the 2016-2021 period. Sampling done using purposive sampling method, where the sample selected based on the criteria made by the researcher. The data analyzed by descriptive analysis techniques, logistic regression analysis and logistic regression model feasibility test using SPSS 25. The results of this study indicate that profitability (ROA) has a negative effect on financial distress, while liquidity (CR), leverage (DER) and firm size (SIZE) have no effect on financial distress. Keyword: Financial Distress, Profitability, Liquidity, Leverage, Company Size
This study aims to determine whether profitability, liquidity, leverage, and company size have an effect on financial distress in transportation and logistics companies on the IDX. This study uses the dependent variable, namely financial distress which calculated by proxy of Earning Per Share (EPS), and the independent variable is profitability as proxy of Return On Assets. (ROA), liquidity as proxy of Current Ratio (CR), leverage as proxy of Debt to Equity Ratio (DER) and company size as proxy of natural logarithm of total assets (SIZE). Secondary data obtained from the Indonesia Stock Exchange (IDX) for the 2016-2021 period, where 2016-2019 is the research period for the independent variable and 2020 and 2021 are used to see companies included in financial distress or non-financial distress. With a population of transportation and logistics companies listed on the Indonesia Stock Exchange (IDX) with a sample of transportation and logistics companies for the 2016-2021 period. Sampling done using purposive sampling method, where the sample selected based on the criteria made by the researcher. The data analyzed by descriptive analysis techniques, logistic regression analysis and logistic regression model feasibility test using SPSS 25. The results of this study indicate that profitability (ROA) has a negative effect on financial distress, while liquidity (CR), leverage (DER) and firm size (SIZE) have no effect on financial distress. Keyword: Financial Distress, Profitability, Liquidity, Leverage, Company Size
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