FITRIANI, FEGGY (2019) PENGARUH LIKUIDITAS DAN SOLVABILITAS TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN WHOLESALE DAN RETAIL YANG TERDAFTAR DI BURSA EFEK INDONESIA. S1 thesis, Fakultas Ekonomi.
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Abstract
FEGGY FITRIANI. 8105153508. The Effect of Liquidity and Solvability on Financial Distress in Wholesale and Retail Companies on the Indonesia Stock Exchange. Thesis. Jakarta: Faculty of Economics. Jakarta State University. 2019. This study aims to determine the effect of liquidity and solvability on financial distress based on valid and reliable data and facts. This study uses secondary data from the Indonesia Stock Exchange (IDX). The method used is a quantitative method with logistic regression analysis. In taking samples, researcher used a purposive sampling technique that is as many as 44 companies. The measurement of each variableused is Liquidity using Quick Ratio, Solvability using Debt Equity Ratio, and Financial Distress using Altman’s Z-Score Method. The results of the data analysis resulted in the regression equation LnFD/(1-FD) = 1,184 - 5,085LKD + 0,285SLV. Based on the results of the study show that liquidity has a significant effect on financial distress with significant value 0,017 < 0,05 so the first hypothesis is accepted and solvability does not have a significant effect on financial distress with significant value 0,118 > 0,05 so the second hypothesis is rejected. Simultaneously Liquidity and Solvability on Financial Distress as evidenced by obtaining Chi Square value of 20.056 at a significant value of 0.000. The result coefficient of determination of independent variable on dependent variable is 57,5% and the residue is influenced by other factors that affect financial distress such as profitability ratios, cash flow, firm growth and firm size. Keyword: Liquidity, Solvability, Financial Distress
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