PENGARUH PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP FINANCIAL DISTRESS

Studi Kasus pada Perusahaan Sektor Property dan Real Estate Yang Terdaftar di Bursa Efek Indonesia Periode 2017 - 2019

Abstract

This study aims to obtain empirical evidence regarding the effect of profitability, liquidity,
and leverage on financial distress (a case study of property and real estate sector companies listed
on the Indonesian stock exchange for the period 2017 - 2019). The sample selection technique in
this study was purposive sampling and obtained a sample size of 26 companies with 78
observations. The data analysis technique in this research is logistic regression analysis
technique.The results of the research analysis show that the profitability variable has a positive
regression coefficient of 0.109 with a significance value of 0.982> 0.05 so that the profitability
variable has a positive and insignificant effect on financial distress. The liquidity variable has a
negative coefficient of -0.048 with a significance value of 0.145> 0.05 so that the liquidity variable
has a negative and insignificant effect on financial distress. The leverage variable has a negative
coefficient of -653 with a significance value of 0.177> 0.05, so the leverage variable has a negative
and insignificant effect on financial distress.