PENGARUH INFLASI, KINERJA KEUANGAN, DAN MANAJEMEN LABA TERHADAP FINANCIAL DISTRESS PERUSAHAAN SEKTOR PROPERTI, REAL ESTATE

Abstract

This study aims to analyze the effect of inflation, financial performance, and earnings management on financial distress. The independent variables in this study are inflation, current ratio, return on equity, return on assets, and earnings management. While the dependent variable used is financial distress. The population taken in this study are property, real estate, and building construction sector companies listed on the Indonesia Stock Exchange for the 2015-2019 period. This research uses quantitative research by means of sampling technique in the form of purposive sampling, the sample is determined by certain criteria, in order to obtain 45 samples of companies or 230 research samples. This research uses multiple linear analysis method. Data analysis uses classical assumptions including normality test, multicollinearity test, autorelation test, heteroscedasticity test. The results showed that inflation had no effect on Financial Distress. Liquidity has no effect on Financial Distress. Earnings management has no effect on Financial Distress. Meanwhile, ROE and ROA have a significant positive effect on Financial Distress.