ANALISIS PENGARUH LIKUIDITAS, LEVERAGE, ARUS KAS DAN KEPEMILIKAN INSTITUSIONAL TERHADAP FINANCIAL DISTRESS

Abstract

This research aimed to analyze the effect of liquidity, leverage, cash flow and institutional ownership on financial
distress. While liquidity was measured by current ratio, leverage was measured by debt to asset ratio and
financial distress was measured by earning per share. Moreover, the research was quantitative. Furthermore, the
data collection technique used purposive sampling , in which the sample was based on criteria given. In line
with, based on the sampling, there were 165 samples from 33 Property and Real Estate companies which were
listed on Indonesia Stock Exchange during 2014-2018. Additionally, the data analysis technique used logistics
regression analysis with SPSS 26. In addition , the research result concluded liquidity which was measured by
current ratio had negative and significant effect on financial distress. Likewise, leverage which was measured by
debt to asset ratio had negative and significant effect on financial distress. Similarly, cash flow and institutional
ownership had negative and significant effect on financial distress.
Keywords: liquidity, leverage, cash flow, institutional ownership, financial distress.