THE EFFECT OF PROFITABILITY RATIO, SOLVABILITY AND OPERATIONAL CASH FLOW ON FINANCIAL DISTRESS WITH THE AUDIT COMMITTEE AS A MODERATING VARIABLE

Errina Dwi Nurraini, Liliek Nur Sulistiyowati, Ririh Anggraini Setyahety

Abstract


This study aims to analyze the effect of profitability, solvency, and operational cash flow on financial distress, with the audit committee as a moderating variable in infrastructure companies listed on the Indonesia Stock Exchange for the 2021-2024 period. This study uses a quantitative approach through purposive sampling. Data analysis was performed using Moderated Regression Analysis (MRA) with the assistance of SPSS version 25 software. The study shows that profitability and operational cash flow have a positive impact on financial distress, while solvency does not have a significant effect. Additionally, profitability and operational cash flow have a strong negative effect on financial distress, but this effect is influenced by the presence of an audit committee. While the role of the audit committee is unable to moderate the relationship between solvency and financial distress. The audit committee also has a positive effect on financial distress. The implications of this study emphasize the importance of the audit committee's role in reducing the risk of financial distress, increasing transparency and accountability in financial reports, and minimizing detrimental earnings management practices.


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References


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