The Effect of Liquidity, Leverage, Institutional Ownership, and Sales Growth on Financial Distress on Property and Real Estate Companies Listed an The IDX 2016-2019
DOI:
https://doi.org/10.31334/bijak.v18i2.1791Keywords:
Financial distress, Liquidity, Leverage, Institutional ownership, Sales growth,Abstract
Financial distress is a financial condition where the company's finances are in an unhealthy or crisis condition. Financial distress which is quite disturbing the company's operational activities is a condition that must be immediately watched out and anticipated. This study aims to analyze the effect of liquidity, leverage, institutional ownership, and sales growth. The research was conducted on property and real estate companies listed on the IDX for the 2016-2019 period. Sampling in this study using purposive sampling technique, and obtained as many as 152 samples that match the criteria. Data analysis used multiple regression analysis. The results showed that the variables of liquidity, leverage, and institutional ownership have an effect on financial distress.References
Ardiansyah, Edo Fani and Linda Purnama Sari. 2017. The effect of leverage, liquidity, and size of company on profitability in mining companies listed on Indonesia Stock Exchange.
Bredart, X. (2014). Financial distress and corporate governance: The impact ofboard configuration.International Business Research. 7(3).72–81.
Fachrudin, Khaira Amalia. (2008). Corporate and Personal Financial Difficulties. Medan: USU Press.
Fahmi, Irham. (2013). Financial Statement Analysis. Bandung: Alphabeta.
Ghozali, Imam. 2012. Application of Multivariate Analysis with IBM SPSS Program. Yogyakarta: Diponegoro University.
Hanafi, Mamduh M and Abdul, Halim.(2014). Financial Statement Analysis.Issue 7. Yogyakarta: UPP AMP YKPN.
Jamaludin, Hamamah, Hj. Maslichah, and M. CholidMawardi. 2018. Financial Ratio Analysis To Predict Financial Distress in Registered Manufacturing Companies On the IDX 2013- 2015.Journal of Accounting.Islamic University of Malang.
Masdupi, Erni., Abel Tasman, and AtriDavista. 2018. The Influence of Liquidity, Leverage and Profitability on Financial Distress of Listed Manufacturing Companies in Indonesia. 1st International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship. Piceeba. 2018
Widhari, Ni Luh Made Ayu and Ni K. Lely AryaniMerkusiwati. 2015. Effect Ratio Liquidity, Leverage, Operating Capacity, and Sales Growth on financial distress on manufacturing company in 2010-2013.E-Journal of Accounting. University Udayana
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License
Please find the rights and licenses in Majalah Ilmiah Bijak By submitting the article/manuscript of the article, the author(s) agree with this policy. No specific document sign-off is required.
- License
The commercial use of the article will be governed by the Creative Commons Attribution license as currently displayed on Creative Commons Attribution-ShareAlike 4.0 International License.
2. Author(s)' Warranties
The author warrants that the article is original, written by stated author(s), has not been published before, contains no unlawful statements, does not infringe the rights of others, is subject to copyright that is vested exclusively in the author and free of any third party rights, and that any necessary written permissions to quote from other sources have been obtained by the author(s).
3. User Rights
Majalah Ilmiah Bijak spirit is to disseminate articles published are as free as possible. Under the Creative Commons license, Majalah Ilmiah Bijak permits users to copy, distribute, display, and perform the work for non-commercial purposes only. Users will also need to attribute authors and Majalah Ilmiah Bijak on distributing works in the journal and other media of publications.
4. Co-Authorship
If the article was jointly prepared by more than one author, any authors submitting the manuscript warrants that he/she has been authorized by all co-authors to be agreed on this copyright and license notice (agreement) on their behalf, and agrees to inform his/her co-authors of the terms of this policy. Jurnal Bijak will not be held liable for anything that may arise due to the author(s) internal dispute. Majalah Ilmiah Bijak will only communicate with the corresponding author.
5. Miscellaneous
Majalah Ilmiah Bijak will publish the article (or have it published) in the journal if the article’s editorial process is successfully completed. Jurnal Bijak editors may modify the article to a style of punctuation, spelling, capitalization, referencing and usage that deems appropriate. The author acknowledges that the article may be published so that it will be publicly accessible and such access will be free of charge for the readers as mentioned in point 3.
Every accepted manuscript should be accompanied by "Copyright Transfer Agreement"prior to the article publication.
1.png)
