Detail Karya Ilmiah
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PENGARUH FINANSIAL INDIKATOR, UKURAN PERUSAHAAN, DAN BIAYA AGENSI MANAJERIAL TERHADAP FINANCIAL DISTRESS (Studi Kasus Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Pada Tahun 2013-2015)Penulis : ALFIANI LUSIDosen Pembimbing I : Anita Carolina, SE., MbusAdv., Ak., QIA., CADosen Pembimbing II :Emi Rahmawati, SE., M.Si.Abstraksi
Penelitian ini bertujuan untuk menguji adanya pengaruh likuiditas, leverage, profitabilitas, operating capacity, sales growth, ukuran perusahaan, dan biaya agensi manajerial dalam memprediksi financial distress pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Populasi dalam penelitian adalah seluruh perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2013-2015. Pemilihan sampel dilakukan berdasarkan metode purposive sampling, sehingga diperoleh sampel sebanyak 105 perusahaan. Teknik analisis data yang digunakan adalah analisis regresi logistik, dengan pengolahan data menggunakan program SPSS versi 16.0. Hasil penelitian menunjukkan bahwa (1) likuiditas berpengaruh negatif secara signifikan terhadap financial distress; (2) leverage tidak berpengaruh terhadap financial distress; (3) Profitabilitas berpengaruh negatif secara signifikan terhadap financial distress; (4) Operating capacity tidak berpengaruh terhadap financial distress; (5) Sales growth tidak berpengaruh terhadap financial distress; (6) Ukuran perusahaan tidak berpengaruh terhadap financial distress; (7) Biaya agensi manjerial tidak berpengaruh terhadap financial distress. Kata Kunci: Likuiditas, Leverage, Profitabilitas, Operating Capacity, Sales Growth, Ukuran Perusahaan, Biaya Agensi Manajerial dan Financial Distress.
AbstractionThis study aims to examine the influence of liquidity, leverage, profitability, operating capacity, sales growth, company size, and managerial agency costs in predicting financial distress at manufacturing companies listed on the Indonesia Stock Exchange. The population in the study are all manufacturing companies listed on the Indonesia Stock Exchange period 2013-2015. The sample was chosen based on the purposive sampling method, so that the sample was 105 companies. Data analysis technique used is logistic regression analysis, with data processing using SPSS program version 16.0. The result of the research shows that (1) Liquidity has a significant negative effect on financial distress; (2) leverage has no effect on financial distress;(3) Profitability has a significant negative effect on financial distress; (4) Operating capacity has no effect on financial distress; (5) Sales growth has no effect on financial distress; (6) Company size has no effect on financial distress; (7) The cost of manjerial agency has no effect on financial distress. Keywords: Liquidity, Leverage, Profitabilitas, Operating Capacity, Sales Growth, Company Size, Managerial Agency Costs and Financial Distress.