Skripsi S1
Pengaruh Rasio Likuiditas, Profitabilitas, Leverage dan Sales Growth Dalam Memprediksi Kondisi Financial Distress Pada Perusahaan Manufaktur Sektor Industri Dasar dan Kimia Yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015
This research aimed to determine the prediction of manufacturing companies for basic industry and chemical sectors financial distress condition, listed in Indonesia stock exchange. The research period was 2013-2015. The population of this research was all manufacturing companies for basic industry and chemical sectors listed in Indonesia stock exchange, period 2013-2015. The research sample used purposive sampling technique. Data analysis method used logistic regression analysis,because the dependent variable of this research is dichotomic with EPS value as a benchmark. The results showed that (1) the liquidity ratio (current ratio) had no effect on predected financial disterss condition. This is showed by the beta’s value is 0,19 and significance of the resulting value was greater than the required significance level is 0,239 > 0,05. (2) the profitability ratio (return on asset) had a negative effect on predected financial disterss condition. This is showed by the beta’s value is 11,994 and significance of the resulting value was smaller than the required significance level is 0,001 < 0,05. (3) levergae (debt to equity ratio) had no effect on predected financial disterss condition. This is showed by the beta’s value is 0,257 and significance of the resulting value was greater than the required significance level is 0,227 > 0,05. (5) sales growth had no effect on predected financial disterss condition. This is showed by the beta’s value is 0,367 and significance of the resulting value was greater than the required significance level is 0,428 > 0,05. Value Negelkerke R Square regression coefficient is at 0,256.
Keywords: financial distress, liqudity ratio (current ratio), profitability ratio (return on
asset), leverage (debt to equity ratio), sales growth and logistic regression.
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