Pengaruh Profitabilitas, Likuiditas, dan Leverage Dalam Memprediksi  Financial Distress (Studi Empiris Pada Perusahaan Aneka Industri yang Terdaftar di BEI  Tahun 2006-2010)

Orina Andre; Salma Taqwa

doi:10.24036/wra.v2i1.6146

Pengaruh Profitabilitas, Likuiditas, dan Leverage Dalam Memprediksi Financial Distress (Studi Empiris Pada Perusahaan Aneka Industri yang Terdaftar di BEI Tahun 2006-2010)

Orina Andre⁽¹⁾, Salma Taqwa⁽²⁾,
(1) Alumni Program Studi Akuntansi Fakultas Ekonomi Universitas Negeri Padang

Indonesia
(2) Alumni Program Studi Akuntansi Fakultas Ekonomi Universitas Negeri Padang

Indonesia

Corresponding Author

DOI : https://doi.org/10.24036/wra.v2i1.6146

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Abstract

This study seeks to examine the effect of profitability, liquidity and leverage in predicting financial distress in various industrial companies listed on Indonesia Stock Exchange. The population in this study is various industrial companies listed on Indonesia Stock Exchange in 2006 until 2010. Samples are determined by purposive sampling method, which are obtained from 46 companies. Data Analysis technique uses logistic regression analysis.Based on the results of logistic regression analysis with a significance level of 5%, then the results of this study conclude: (1) profitability as measured by return on asset has negative and significant effects in predicting financial distress. (2) Liquidity as measured by the current ratio has no effects in predicting financial distress (3) leverage as measured by debt ratio has positive and significant effects in predicting financial distress in Various Industrial Companies listed on Indonesia Stock Exchange. The findings should be of interest to the company to perform corrective measures before financial distress gets more severe and leads to bankruptcy.

Keywords: financial distress, profitability, liquidity and leverage