HANSEL, MARTIN (2021) PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP FINANCIAL DISTRESS DENGAN PROFITABILITAS SEBAGAI VARIABEL PEMODERASI. Masters thesis, UNIVERSITAS MA CHUNG.
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Abstract
This research aims to examine the effect of liquidity and leverage on financial distress in state-owned enterprise of the period of 2017 to 2019. This research also
uses profitability as a moderator. In this research financial distress is proxied by Altman Z-score. The liquidity value is proxied by current ratio (CR), the leverage value is proxied by debt ot asset ratio (DAR), and profitability as a moderating variable is measured using return on asset (ROA). This research uses quantitative
approach, with the sample used as many as 15 state-owned enterprise in the various industrial and agricultural sectors of the period of 2017 to 2019. The data
collection’s done by documentation techniques that obtained through the website of each enterprise and the IDX. The data analysis technique used multiple linear regression analysis and moderating regression analysis (MRA). The result showed
that the liquidity ratio had a significant positive effect on financial distress, and the leverage ratio had a significant negative effect on financial distress. Meanwhile, liquidity moderaed by profitability can weaken the influence of liquidity on financial distress, and the same result is obtained that the leverage ratio moderated
by profitability can weaken the effect of leverage on financial distress. Theoretically, This research supports agency theory, the role of enterprise managers
in making the right decisions can reduce the possibility of enterprise experiencing financial distress. Keywords: : financial distress, liquidity, leverage, profitability, state-owned enterprise
| Item Type: | Thesis (Masters) |
|---|---|
| Additional Information: | TUGAS AKHIR |
| Subjects: | H Social Sciences > HJ Public Finance |
| Divisions: | Fakultas Ekonomi dan Bisnis > S1 Akuntansi |
| Depositing User: | Surya |
| Date Deposited: | 25 Oct 2024 02:25 |
| Last Modified: | 25 Oct 2024 02:25 |
| URI: | http://repository.machung.ac.id/id/eprint/296 |
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