INFLUENCE OF LEVERAGE, FIRM SIZE, AND SALES GROWTH ON FINANCIAL DISTRESS

Ingkak Chintya Wangsih, Devia Rahma Yanti, Yohana Yohana, Nawang Kalbuana, Catra Indra Cahyadi

Abstract

This study aims to find out either the partial or simultaneous effect of leverage, firm size, and sales growth on financial distress. The population in this study are retail trade sub-sector companies listed in Indonesia Stock Exchange (IDX) period 2016-2020 with total 27 companies. The sample’s determination in this study used purposive sampling technique, so that obtained 17 companies. The data analysis method used logistic regression analysis and the data processing used SPSS. Testing the influence of variables on the partial test (wald test) shows the results that leverage has a significance value of 0.041 (sig < 0.05) and a positive B regression coefficient (2.303) then Ho is rejected and Ha is accepted, which means partially leverage has significant positive effect on financial distress. Firm size has a significance value of 0,027 (sig < 0,05) and a negative B regression coefficient (-0,527) then Ho is rejected and Ha is accepted, which means partially firm size has significant negative effect on financial distress. Sales growth has a significance value of 0,655 (sig > 0,05) then Ho is accepted and Ha is rejected, which means partially sales growth has no significant effect on financial distress. Testing the influence of variables on the simultaneously test (omnibus test) shows the results that simultaneously the leverage, firm size, and sales growth has effect on financial distress.

Full Text:

PDF

References

Anza, A. U. (2020). Pengaruh Likuiditas, Leverage, Profitabilitas Dan Ukuran Perusahaan Terhadap Financial Distress Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Tahun 2016-2018. UNNES.

Apriyana, N., & Rahmawati, D. (2017). Pengaruh Profitabilitas, Solvabilitas, Ukuran Perusahaan, dan Ukuran KAP terhadap Audit Delay pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015. Nominal, Barometer Riset Akuntansi dan Manajemen, 6(2). https://doi.org/10.21831/nominal.v6i2.16653

Arnas, Y; Lamtiar, S; Kurniawati, Z; Kurnianto, B; Kalbuana, N. (2021). Factors Affecting Earning Management On Transportation Corporations In Indonesia. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(1), 150–159. https://jurnal.stie-aas.ac.id/index.php/IJEBAR/article/view/2170/1012

Erawati, R. (2016). Pengaruh Likuiditas, Leverage, Profitabilitas, Aktivitas, dan Sales Growth terhadap Financial Distress. CEUR Workshop Proceedings, 13(1).

Hastomo, W., Karno, A. S. B., Kalbuana, N., Nisfiani, E., & ETP, L. (2021). Optimasi Deep Learning untuk Prediksi Saham di Masa Pandemi Covid-19. JEPIN (Jurnal Edukasi dan Penelitian Informatika), 7(2), 133–140. https://jurnal.untan.ac.id/index.php/jepin/article/view/47411

Hendriarto, P., Mursidi, A., Kalbuana, N., Aini, N., & Aslan, A. (2021). Understanding the Implications of Research Skills Development Framework for Indonesian Academic Outcomes Improvement. Jurnal Iqra’ : Kajian Ilmu Pendidikan, 6(2), 51–60. https://doi.org/10.25217/JI.V6I2.1405

Hosea, I. A., Siswantini, T., & Murtatik, S. (2020). Leverage, Profitabilitas, Pertumbuhan Penjualan Terhadap Financial Distress Pada Perusahaan Ritel Di Bei. Prosiding Biema, 1(1).

Kalbuana, N; Christelia, S; Kurnianto, B; Purwanti, T; Tho’in, M. (2021). Pengaruh Ukuran Perusahaan, Leverage dan Nilai Perusahaan Terhadap Tax Avoidance Kasus Perusahaan Yang Terdaftar Di Jakarta Islamic Index (JII). Jurnal Ilmu Manajemen dan Akuntansi Terapan (JIMAT), 12(2), 190–202. http://jurnal.stietotalwin.ac.id/index.php/jimat/article/view/340/258

Kalbuana, Nawang; Budi R, A.Nugroho; Yulistiani, N. (2020). Pengaruh Intellectual Capital, Tata Kelola Perusahaan Dan Kualitas Audit Terhadap Manajemen Laba. JABI (Jurnal Akuntansi Berkelanjutan Indonesia), 3(1), 56–71. http://www.openjournal.unpam.ac.id/index.php/JABI/article/view/3830

Kalbuana, N., Sutadipraja, M. W., Purwanti, T., & Santoso, D. (2019). Pengaruh Profitabilitas, Leverage, Kinerja Lingkungan Terhadap Pengungkapan Islamic Social Reporting (Studi Empiris pada Perusahaan yang Terdaftar di JII Tahun 2013-2017). AKTSAR: Jurnal Akuntansi Syariah, 2(2), 233–248. https://journal.iainkudus.ac.id/index.php/aktsar/article/view/6037

Kalbuana, N., Utami, S., & Pratama, A. (2020). Pengaruh Pengungkapan Corporate Social Responsibility, Persistensi Laba dan Pertumbuhan Laba Terhadap Manajemen Laba Pada Perusaaan Yang Terdaftar di Jakarta Islamic Index. Jurnal Ilmiah Ekonomi Islam, 6(2), 350–358. https://doi.org/10.29040/JIEI.V6I2.1107

Kasmir. (2018). Analisis Laporan Keuangan. Edisi 1-8. In RAJAWALI PERS.

Novyarni, N., & Dewi, M. (2020). Pengaruh Sales Growth , Leverage , Operating Capacity Dan Ukuran Perusahaan Terhadap Prediksi Kesulitan Keuangan. 1177.

Nurwati, N., Prastio, P., & Kalbuana, N. (2021). Influence of Firms Size, Exchange Rate, Profitability and Tax Burden On Transfer Pricing. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(3). https://doi.org/10.29040/IJEBAR.V5I3.2882

Ponziani, R. M., & Azizah, R. (2017). Nilai Perusahaan pada Perusahaan Non Keuangan yang Terdaftar di BEI. Jurnal Bisnis Dan Akuntansi, Vol. 19(No. 1a-3:), 200–211.

Prasetyo, B; Utami, S; Abdusshomad, A; Wijaya, M; Kalbuana, N. (2021). Effect Of Company Value, Leverage, And Company Size On Profit Persistence In Jakarta Islamic Index (JII) Listed Companies. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(1), 128–136. https://jurnal.stie-aas.ac.id/index.php/IJEBAR/article/view/2164/1010

Rate, M. dan. (2018). Pengaruh Struktur Aset, Ukuran Perusahaan, Likuiditas, dan Profitabilitas Terhadap Nilai Perusahaan Dagang Besar yang Terdaftar di Perusahaan Bursa Efek Indonesia. 1(1), 372–385.

Sugiyono. (2017). BAB III Metode Penelitian Menurut Sugiyono 2017. Statistical Field Theor, 53(9).

Susilawati, D., Sofianty, D., & Sukarmanto, E. (2017). Pengaruh Profitabilitas, Ukuran Perusahaan dan Leverage Terhadap Financial Distress Pada Perusahaan yang Terdaftar di Bursa Efek Indonesia (BEI). Prosiding Akuntansi, 3(2).

Widiastari, P. A., & Yasa, G. W. (2018). Pengaruh Profitabilitas, Free Cash Flow, dan Ukuran Perusahaan Pada Nilai Perusahaan. E-Jurnal Akuntansi. https://doi.org/10.24843/eja.2018.v23.i02.p06

www.ekonomi.bisnis.com. (2021). Pertumbuhan Ekonomi RI 2020 Minus 2,07 Persen, Lebih Baik dari Singapura Lho!

www.kabaruang.com. (2019). Data Pertumbuhan Bisnis Ritel di Indonesia.

Yohana; Kalbuana, N; Solihin; Yanti, D. R. (2020). The Influence Of Capital Intensity, Firm Size, And Leverage On Tax Avoidance On Companies Registered In Jakarta Islamic Index (Jii) Period 2015-2019. International Journal of Economics, Business and Accounting Research (IJEBAR), 4(03). http://www.jurnal.stie-aas.ac.id/index.php/IJEBAR/article/view/1330/727

Refbacks

  • There are currently no refbacks.