Faktor-Faktor Penentu Financial Distress  (Studi pada Perusahaan Sektor Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2022)

Radhitya Puspitawati; Asih Marini Wulandari

Penulis

Radhitya Puspitawati Universitas Pembangunan Nasional "Veteran" Yogyakarta
Asih Marini Wulandari Universitas Pembangunan Nasional “Veteran” Yogyakarta

Abstrak

Abstract

This research aims to determine the influence of firm size, profitability and sales growth variables on financial distress in property and real estate sector companies listed on the Indonesia Stock Exchange in 2018-2022. The sampling technique used is non-probability with purposive sampling. The analysis technique used in this research is multiple linear regression.

The test results in this study show that the regression equation Y = 3.041 - 0.044X1 + 0.107X2 – 0.282X3. Apart from that, the results of the research hypothesis show that firm size as proxied by total assets does not have a significant effect on financial distress. Profitability, which is proxied by return on investment, has a significant effect on financial distress. And sales growth as proxied by total sales has no significant effect on financial distress. From the results of this research, it is recommended that companies can pay attention to and maintain annual financial performance, optimize the use of current assets and evaluate sales every year in order to obtain a better level of company operational effectiveness from year to year and avoid financial distress and the company's stated goals can be achieved.

Keywords : Firm Size, Profitability, Sales Growth, and Financial Distress

Abstrak

Penelitian ini bertujuan untuk mengetahui pengaruh variabel firm size, profitability, dan sales growth terhadap financial distress pada perusahaan sektor property dan real estate yang terdaftar Bursa Efek Indonesia pada tahun 2018-2022. Teknik sampling yang digunakan adalah non probability dengan purposive sampling. Teknik Analisis yang digunakan dalam penelitian ini adalah regresi linier berganda.

Hasil uji pada penelitian ini menunjukkan bahwa persamaan regresi Y = 3,041 - 0,044X1 + 0,107X2 – 0,282X3. Selain itu hasil hipotesis penelitian menunjukkan bahwa firm size yang diproksikan dengan total assets tidak berpengaruh signifikan terhadap financial distress. Profitability yang diproksikan dengan return on investment berpengaruh signifikan terhadap financial distress. Dan sales growth yang diproksikan dengan total sales tidak berpengaruh signifikan terhadap financial distress. Dari hasil penelitian ini disarankan perusahaaan dapat memperhatikan dan mempertahankan kinerja keuangan tahunan, mengoptimalkan penggunaan aktiva lancar dan mengevaluasi penjualan setiap tahunnya agar diperoleh tingkat efektivitas operasional perusahaan yang lebih baik dari tahun ke tahun dan terhindar dari kondisi financial distress dan tujuan perusahaan yang telah ditetapkan dapat tercapai.

Kata Kunci : Firm Size, Profitability, Sales Growth, dan Financial Distress

Referensi

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