PENGARUH LIKUIDITAS, LEVERAGE, AKTIVITAS, PROFITABILITAS, DAN SALES GROWTH TERHADAP FINANCIAL DISTRESS PERUSAHAAN SUB SEKTOR OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE TAHUN 2018-2020

Abstract

This study aims to determine the effect of liquidity, leverage, activity, profitability and sales growth on the financial distress of automotive companies, the object of this research is the automotive sub-sector companies listed on the Indonesian stock exchange for the 2018-2020 period. This research is a type of quantitative research on automotive sub-sector companies listed on the Indonesian stock exchange for the 2018-2020 period. The population in this study amounted to thirteen automotive sub-sector companies, but there were only twelve companies that met the sample criteria in the three-year study period, so that thirty-six observations were obtained. The data used in the form of secondary data obtained through the official web, namely IDX which was then tested with the SPSS 19 software more deeply through classical assumption tests and logistic regression tests. The results of the research conducted indicate that liquidity, activity, profitability and sales growth have no significant effect on financial distress, leverage has a significant effect on financial distress. Liquidity does not have a significant effect because most of the liquidity values are above the value of one which is the minimum limit. The activity does not have a significant effect because most of the resulting activity values are above the value of one point five which is the safe limit. Profitability has no significant effect because most of the profitability gains are positive. Sales Growth has no significant effect because the resulting sales growth is low. Leverage has a significant effect because a fraction of the leverage gain is below the safe value of forty percent. So there are four independent variables that not affect financial distress and one independent variable that affects financial distress.