THE EFFECT OF LIQUIDITY, LEVERAGE,PROFITABILITY, OPERATING CAPACITY, AND MANAGERIAL AGENCY COST ON FINANCIAL DISTRESS OF MANUFACTURING COMPANIES LISTED IN INDONESIAN STOCK EXCHANGE

Yeye, Susilowati and Titiek, Suwarti and Elen, Puspitasari THE EFFECT OF LIQUIDITY, LEVERAGE,PROFITABILITY, OPERATING CAPACITY, AND MANAGERIAL AGENCY COST ON FINANCIAL DISTRESS OF MANUFACTURING COMPANIES LISTED IN INDONESIAN STOCK EXCHANGE. PUBLIKASI JURNAL.

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Abstract

Abstract—This study aims to analyze the effect of liquidity, lever4ge, profitability, operating capacity, and nianagerial agency cost on financial distress. Using purposive sampling, 203 manufacturing companies listed on the Indonesian stock exchange for the period 2015 — 2017 are determined as a sample. Logistic regression was ana1zed using SPSS 19 software. The results show that liquidity and managerial agency cost have no effect on financial distress. Leverage further has a significant positive effect on financial distress, whereas profitability and operating capacity have a Wnif1nt negative effect on financial distress. KeyK’ords—Iiquidit3 leverage, profitability, operating capacity, in aiiagerial agency cosi.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General)
Faculty / Institution:	Fakultas Ekonomika dan Bisnis
Depositing User:	Fakultas Ekonomi
Date Deposited:	11 Feb 2021 03:30
Last Modified:	11 Feb 2021 03:30
URI:	https://eprints.unisbank.ac.id/id/eprint/7546

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