PENGARUH LEVERAGE, LIKUIDITAS, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP FINANCIAL DISTRESS

Abstract

This research aimed to examine some manufacturing companies which had financial distress, that listed on Indonesia Stock Exchange 2014 – 2017. While, the variables were leverage, liquidity, profitability, and firm size.
The data collection technique used purposive sampling, in which the sample was taken based on criteria given. In line with, from four years observation, there were 68 samples. Moreover, the data used secondary which taken from Indonesia Stock Exchange website, i.e. www.idx.co.id. In addition, the data analysis technique used logistic regression with SPSS (Statistical Package Social Sciences) 23. The research result concluded leverage which was measured by Debt to Asset had positive and significant effect on the financial distress. On the other hand, liquidity which was measured by Current Ratio and profitability which was measured by Return On Equity did not affect the financial distress. Moreover, firm size which was measured by Log Total Asset had negative and significant effect on the financial distress.
Keywords : Leverage, Liquidity, Profitability, Firm Size, Financial Distress