Moderation is Intellectual Capital: The Influence of Gender Diversity, Firm Size, and Sales Growth on Financial Distress (Case Study on Property & Real Estate Companies Listed on the Indonesia Stock Exchange Period 2018-2022)

Authors

  • Florentina Raines Pamulang University
  • Masno Marjohan Pamulang University
  • Sahroni Sahroni Pamulang University

Abstract

The purpose of this research is to examine the factors that can impact financial distress. This study employs a quantitative approach to explain the relationship between variables through hypothesis testing. The research utilizes secondary data obtained from financial reports and annual reports of property and real estate companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. The sampling method used in this research is purposive sampling, resulting in a sample size of 38 companies that meet the criteria. For data analysis, this research employs quantitative data analysis using the Eviews program to conduct panel data regression analysis. The findings indicate that gender diversity and sales growth significantly influence financial distress. However, firm size does not have a significant impact. Furthermore, intellectual capital moderates the influence of gender diversity on financial distress, but not the influence of firm size and sales growth. Based on these results, it is recommended that company management pay attention to the gender diversity at the top-level management. Additionally, sales growth should be accompanied by increased profits, indicating effective burden management by the company.

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Published

2023-12-01

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Vol. 4 No. 1 (2023): HUMANIS (Humanities, Management and Science Proceedings)

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