Andhitya, Rachmawati Inge and Dr. Nur Khusniyah Indrawati, S.E., M.Si., CSRS., CFP and Dr. Andarwati, S.E., M.M., CSRS.,CFP (2023) Pengaruh Likuiditas, Leverage, Rasio Aktivitas dan Pertumbuhan Penjualan Terhadap Financial Distress Yang Dimediasi Oleh Profitabilitas (Studi Pada Perusahaan Sektor Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia). Magister thesis, Universitas Brawijaya.
Abstract
Kondisi perekonomian Indonesia mengalami krisis pandemi covid yang menyebabkan pertumbuhan semua sektor industry mengalami penurunan. Krisis ini salah satunya berdampak pada sektor property dan real estate hingga menyebabkan beberapa perusahaan mengalami pailit. Dalam penelitian ini akan dijelaskan mengenai pentingnya faktor-faktor yang dapat menyebabkan terjadinya financial distress disuatu perusahaan, agar manajemen dapat mengambil keputusan terbaik untuk menghindari terjadinya kebangkrutan. Penelitian ini bertujuan untuk menguji dan membuktikan secara empiris pengaruh likuiditas, leverage, aktivitas dan pertumbuhan penjualan terhadap financial distress yang dimediasi oleh profitabilitas. Penelitian ini menggunakan pendekatan kuantitatif dengan sampel perusahaan sektor Property dan Real Estate yang terdaftar di Bursa Efek Indonesia. Jumlah populasi sebanyak 47 perusahaan dengan periode penelitian selama 3 tahun (2019-2021). Pengambilan sampel menggunakan metode sampling jenuh. Analisis data penelitian menggunakan metode analisis jalur dan uji sobel. Hasil penelitian menunjukan bahwa likuiditas, rasio aktivitas dan pertumbuhan penjualan berpengaruh signifikan terhadap profitabilitas. Namun leverage tidak berpengaruh terhadap profitabilitas. Selain itu hasil penelitian menunjukkan bahwa leverage, rasio aktivitas berpengaruh terhadap financial distress. Namun likuiditas dan pertumbuhan penjualan tidak berpengaruh terhadap financial distress. Dalam penelitian ini uji sobel menunjukkan bahwa profitabilitas mampu memediasi hubungan antara likuiditas, rasio aktivitas dan pertumbuhan penjualan terhadap financial distress. Namun profitabilitas tidak mampu memediasi hubungan antara leverage terhadap financial distress.
English Abstract
has caused the growth of all industrial sectors to experience a decline. This crisis has impacted the property and real estate sector, causing several companies to go bankrupt. This research will explain the importance of factors that can cause financial distress in a company so that management can make the best decisions to avoid bankruptcy. This study aims to test and prove empirically the effect of liquidity, leverage, activity, and sales growth on financial distress mediated by profitability. This study uses a quantitative approach with a sample of property and real estate sector companies listed on the Indonesia Stock Exchange. The total population is 47 companies with a research period of 3 years (2019-2021). Sampling using the saturated sampling method. Analysis of research data using the method of path analysis and Sobel test. The results showed that liquidity, activity ratio and sales growth had a significant effect on profitability. However, leverage has no effect on profitability. In addition, the results showed that leverage, activity ratio affects financial distress. However, liquidity and sales growth did not affect financial distress. In this study, the sobel test shows that profitability is able to mediate the relationship between liquidity, activity ratio and sales growth against financial distress. However, profitability is unable to mediate the relationship between leverage and financial distress.
| Item Type: | Thesis (Magister) |
|---|---|
| Identification Number: | 0423020051 |
| Uncontrolled Keywords: | Likuiditas, Leverage, Rasio Aktivitas, Pertumbuhan Penjualan, Financial Distress, Profitabilitas |
| Subjects: | 600 Technology (Applied sciences) > 658 General management |
| Divisions: | Fakultas Ekonomi dan Bisnis > Manajemen |
| Depositing User: | Unnamed user with username nova |
| Date Deposited: | 12 Dec 2023 02:45 |
| Last Modified: | 12 Dec 2023 02:45 |
| URI: | http://repository.ub.ac.id/id/eprint/205255 |
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