DETERMINAN FINANCIAL DISTRESS: UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI MENGGUNAKAN LOGISTICS REGRESSION ANALYSIS

Sekar Oktavia Wardani, Anny Widiasmara, Heidy Paramitha Devi

Abstract


Financial distress is a condition when a company or individual is having serious financial problems, so they are unable to fulfill their financial liabilities. This study aims to examine the effect of financial ratios and audit committee size on financial distress with company size as a moderating variable. The total population used was 45 retail companies listed on the Indonesia Stock Exchange in 2019-2023. Based on the purposive sampling technique, a sample of 30 companies that fulfill the research criteria is obtained, so that during the five years of observation the total data used is 150 data. This research data was obtained through the official website of the Indonesia Stock Exchange through www.idx.co.id. This research is a type of quantitative descriptive research. The data analysis technique used, namely binary logistic regression analysis with the help of SPSS25. The results obtained in this study are liquidity, leverage and audit committee size have no effect on financial distress. While profitability affects financial distress. Company size is only able to moderate the effect of liquidity, leverage and profitability on financial distress. Keywords: Financial Distress, Liquidity, Leverage, Profitability, Audit Committee Size

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References


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