Profit Growth, Current Ratio, Dan Debt to Equity Ratio Terhadap Risiko Financial Distress Dalam Masa Pemulihan Ekonomi Dimoderasi Firm Size Sektor Transportasi
DOI:
https://doi.org/10.32493/jiim.v5i1.58581Keywords:
Profitabilitas, Current Ratio (CR), Debt to Equity Ratio, financial distress, Ukuran PerusahaanAbstract
Penelitian tesis ini bertujuan untuk untuk menguji dan menganalis profit growth, current ratio, dan debt to equity ratio terhadap risiko financial distress dalam masa pemulihan ekonomi memoderasi firm size sektor transportasi. Jenis penelitian yang digunakan adalah kuantitatif asosiatif. Populasi penelitian menggunakan perusahaan transportasi yang terdaftar di Bursa Efek Indonesia sejumlah 38 perusahaan. Proses pengambilan sampel menggunaan purposive sampling, sehingga diperoleh 23 sampel. Data penelitian selanjutnya diolah dengan menggunakan Software Eviews 12. Metode analisis yang digunakan adalah regresi data panel yang merupakan perpaduan data cross section dan time series. Analisis regresi data panel dilakukan melalui uji pemilihan model, untuk menentukan model yang terbaik, hasil pengujian menunjukkan bahwa Fixed Effect Model merupakan model yang paling tepat digunakan dalam memprediksi financial distress. Hasil penelitian menunjukkan bahwa Profit Growth tidak memiliki pengaruh terhadap Financial Distress. Current Ratio berpengaruh positif dan signifikan terhadap financial distress. Debt to Equity Ratio (DER) berpengaruh negatif dan signifikan terhadap financial distress. Firm Size tidak mampu memoderasi pengaruh Profit Growth terhadap Financial Distress. Firm Size terbukti secara signifikan memoderasi pengaruh Current Ratio terhadap Financial Distress. Firm Size memiliki peran moderasi yang signifikan pada pengaruh Debt to Equity Ratio terhadap Financial Distress.
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