ALETHEA, MAYANG (2020) PENGARUH LEVERAGE, PROFITABILITAS, BIAYA AGENSI DAN LAJU INFLASI TERHADAP FINANCIAL DISTRESS DENGAN VOLATILITAS SUKU BUNGA SEBAGAI VARIABEL YANG MEMODERASI PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA DAN MALAYSIA PERIODE TAHUN 2014-2018. S2 thesis, Universitas Negeri Jakarta.
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Abstract
This study aims to examine the effect of leverage as measured by debt to equity ratio, profitability as measured by return on assets, agency cost and inflation rate in predicting company factor of the financial distress with interest rate volatility as moderating variable. The sample of this study are 50 property and real estate companies listed on the Indonesia and Malaysia Stock Exchange in 2014 to 2018. The statistical method used for hypothesis testing obtain from logistic regression analyisis with Financial Distress (Y) as dummy variable. This study uses Altman Z-Score value as a prediction classification of companies experiencing financial distress or non financial distress. The result of the research showed leverage had a positive significant effect on financial distress, while inflation rate had a negative significant effect on financial distress with a level of significant below 0,05 (p ≤ 0,05). The other ratio are profitability, agency cost and interest rate volatility have no significant effect on financial distress of property and real estate companies listed on Indonesia and Malaysia Stock Exchange in 2014 to 2018. The result of Moderated Regression Analysis (MRA) effect leverage, profitability, agency cost and inflation rate variable have values above 0,05 (p ≥ 0,05) which means interest rate volatility has no significant effect as a moderating variable of leverage, profitability, agency cost and inflation rate on financial distress. Keyword : Leverage, Profitability, Agency Cost, Inflation Rate, Interest Rate Volatility, Financial Distress, Altman Z-Score
| Item Type: | Thesis (S2) |
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| Additional Information: | Pembimbing I : Prof. Dr. Hamidah, S.E., M.Si Pembimbing II: Dr. Etty Gurendrawati, S.E., M.Si., |
| Subjects: | Teknologi dan Ilmu-Ilmu Terapan (Technology and Applied Science) > Manajemen (Management and Auxiliary Service) Teknologi dan Ilmu-Ilmu Terapan (Technology and Applied Science) > Manajemen (Management and Auxiliary Service) > Manajemen Umum (General Management) > Manajemen Keuangan (Financial Management) Teknologi dan Ilmu-Ilmu Terapan (Technology and Applied Science) > Manajemen (Management and Auxiliary Service) > Manajemen Umum (General Management) > Anggaran (Budgeting) |
| Divisions: | Fakultas Ekonomi > S2 Magister Manajemen |
| Depositing User: | Budi Siswanto |
| Date Deposited: | 15 Dec 2020 03:08 |
| Last Modified: | 15 Dec 2020 03:08 |
| URI: | http://repository.fe.unj.ac.id/id/eprint/9648 |
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