Analisis Pengaruh Rasio Keuangan Terhadap Financial Distress
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Date
2018-09-14
Authors
Situmorang, Damayanti
Journal Title
Journal ISSN
Volume Title
Publisher
Politeknik Negeri Batam
Abstract
This study aims to analyze the effect of financial ratios on financial distress. Using
secondary data on property and real estate companies listed on the Indonesia Stock
Exchange that are tested on companies listed on the Indonesia Stock Exchange. The ratio
of working capital to total assets, the ratio of retained to total assets, the ratio of
earnings before interest and taxes to total assets, and the ratio of book value of equity to
book value of total debt to the independent variable, while the dependent variable is
financial distress measured using the method Altman Z-Score. This research data is
obtained from annual reports and company financial statements taken from the
Indonesia Stock Exchange. Determination of the sample using purposive sampling
method and obtained as many as 165 samples. The hypothesis in this study uses multiple
regression analysis. The results of this study working capital to total assets, the ratio of
retained to total assets, the ratio of earnings before interest and taxes to total assets,
and the ratio of book value of equity to book value of total debt affect financial distress.
Description
Keywords
Manajemen Bisnis, Akuntansi Manajerial, Financial Distress, Rasio Keuangan