Profitabilitas, Likuiditas, Leverage, dan Firm Size Sebagai Prediksi Financial Distress pada Perususahaan Tekstil dan Garmen di Bursa Efek Indonesia
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Institusion
Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya
Author
Margono, Riskyana Endryani
Subject
658.15 - FINANCIAL MANAGEMENT
Datestamp
2023-05-26 09:57:35
Abstract :
Identification of the company's financial dif iculties is very important as an early warning system before bankruptcy occurs. These conditions can be predicted using models that have been developed by many researchers. This study aims to analyze the ef ect of profitability, liquidity, leverage, and firm size on predicting the company's financial dif iculties. A sample of 15 companies was taken by purposive sampling from textile and garment companies listed on the Indonesia Stock Exchange (IDX) in 2016-2020. The data analysis technique used is logistic regression. Based on simultaneous testing of independent variables: profitability (return on assets), liquidity (current ratio), leverage (debt to equity ratio), and firm size have a significant ef ect on predicting the company's financial distress. The contribution of the four independent variables in predicting financial distress is 78%. Partial test results only profitability (return on assets) has a significant negative ef ect in predicting the company's financial distress. The liquidity (current ratio), leverage (debt to equity ratio), and firm size have no significant ef ect in predicting the company's financial distress. The greater the profitability, the greater the company's ability to generate profits. The greater the profit generated, the greater the company's ability to meet all of its obligations so that the less likely the company is to experience financial distress.
Identification of the company's financial dif iculties is very important as an early warning system before bankruptcy occurs. These conditions can be predicted using models that have been developed by many researchers. This study aims to analyze the ef ect of profitability, liquidity, leverage, and firm size on predicting the company's financial dif iculties. A sample of 15 companies was taken by purposive sampling from textile and garment companies listed on the Indonesia Stock Exchange (IDX) in 2016-2020. The data analysis technique used is logistic regression. Based on simultaneous testing of independent variables: profitability (return on assets), liquidity (current ratio), leverage (debt to equity ratio), and firm size have a significant ef ect on predicting the company's financial distress. The contribution of the four independent variables in predicting financial distress is 78%. Partial test results only profitability (return on assets) has a significant negative ef ect in predicting the company's financial distress. The liquidity (current ratio), leverage (debt to equity ratio), and firm size have no significant ef ect in predicting the company's financial distress. The greater the profitability, the greater the company's ability to generate profits. The greater the profit generated, the greater the company's ability to meet all of its obligations so that the less likely the company is to experience financial distress.
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