ANALISIS PENGARUH RASIO PROFITABILITAS, LEVERAGE, LIKUIDITAS, FIRM AGE, DAN KEPEMILIKAN INSTITUSIONAL TERHADAP FINANCIAL DISTRESS Pada Perusahaan Jasa Non Keuangan yang terdaftar di Bursa Efek Indonesia Tahun 2014-2016

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Tirza Chrissentia
Julianti Syarief

Keywords

profitability, leverage, liquidity, firm age, institutional ownership, financial distress

Abstract

The condition of financial distress is a stage of corporate financial decline that
occurred before a firm bankrupt. The purpose of this research is to analyze the
influence of profitability, leverage, liquidity, firm age, institutional ownership of the
possibility of financial distress on non-financial services companies listed on the
Indonesia Stock Exchange 2014-2016.The method of analysis used in this study
is binary logistic regression. Based on purposive sampling method, this study
obtained 89 companies as samples with 267 observation data. The results of this
study indicate that profitability, liquidity, firm age, and institutional ownership have
a significant negative effect on the possibility of financial distress. Meanwhile, the
leverage variable has a significant positive effect on the possibility of financial
distress.

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