Pengaruh rasio keuangan terhadap kesulitan keuangan pada perusahaan sektor consumer goods di BEI
Article Sidebar
Main Article Content
Abstract
The world is currently in financial distress due to the Covid-19 virus. That leads to a decrease in profit each year. Due to the intense competition, companies incur significant costs to remain competitive in their business. The purpose of this study is to measure company size in terms of liquidity, solvency, revenue growth, activity and financial hardship using IDX-listed companies in the consumer goods sector for the period 2017-2020. That was it using 30 companies, descriptive research and quantitative methods were used in this study. Targeted sampling is a sampling technique used in research. Use Eviews 12 to explore multiple regression analysis of data processing techniques. As a result, liquidity and activity have a significant positive impact, solvency has a significant negative impact, revenue growth has no significant negative impact, and firm size has a significant positive impact on financial distress. Therefore, financial indicators are an effective way to find out whether a company's financial condition is good or bad.
Kesulitan keuangan saat ini telah dirasakan oleh dunia dikarenakan adanya virus covid 19. Dimana menyebabkan adanya penurunan keuntungan pada setiap tahunnya. Adanya persaingan yang tinggi sehingga perusahaan mengeluarkan biaya yang tinggi untuk dapat unggul dalam persaingan usahanya. Tujuan dari penelitian ini untuk mengukur likuiditas, solvabilitas, pertumbuhan penjualan, aktivitas, dan ukuran perusahaan terhadap kesulitan keuangan dengan menggunakan perusahaan sektor consumer goods terdaftar dalam BEI periode 2017 – 2020. Dengan menggunakan 30 perusahaan, penelitian menggunakan penelitian deskriptif, metode kuantitatif. Purposive sampling menjadi teknik pengambilan sampel pada penelitian. Menggunakan Eviews 12 dengan melihat analisis regresi berganda untuk teknik pengolahan data. Hasil penelitian menunjukkan, likuiditas dan aktivitas berpengaruh signifikan positif, solvabilitas berpengaruh signifikan negatif, pertumbuhan penjualan tidak berpengaruh signifikan negatif, dan ukuran perusahaan tidak berpengaruh signifikan positif terhadap kesulitan keuangan. Untuk itu rasio keuangan menjadi cara yang efektif untuk mengetahui kondisi baik atau buruknya keuangan suatu perusahaan.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Manajemen Bisnis dan Kewirausahaan Creative Commons Attribution-ShareAlike 4.0 International License.
References
Adiyanto, Y. (2021). The Influence of Institutional Ownership , Liquidity , and Company Size on Financial Distress (Empirical Study on Property & Real Estate Sub Sector Companies Listed on The Indonesia Stock Exchange 2015 - 2018). International Journal of Economics, Management, Business and Social Science (IJEMBIS), 1(1), 111–120.
Ajija, S. R., Sari, D. W., Setianto, R. H., & Primanti, M. R. (2019). Cara Cerdas Menguasai EViews. Jakarta: Salemba Empat.
Cladera, C., R., Martín, O., A., & Pascual, F., B. (2021). Financial distress in the hospitality industry during the Covid-19 disaster. Tourism Management, 85(August 2020).
Dianova, A., & Nahumury, J. (2019). Investigating the Effect of Liquidity, Leverage, Sales Growth and Good Corporate Governance on Financial Distress. Journal of Accounting and Strategic Finance, 2(2), 143–156.
Dirman, A. (2020). Financial Distress: The Impacts Of Profitability, Liquidity, Leverage, Firm Size, And Free Cash Flow. International Journal of Business, Economics and Law, 22(1), 17–25.
Ghozali, I. (2016). Aplikasi Analisis Multivariat dengan Program IBM SPSS 23. Edisi Kedelapan. Semarang: Badan Penerbit Universitas Diponegoro.
Hartomo, G. (2021, 16 December). 2 Masalah Utama Sektor Manufaktur selama Pandemi Covid-19, h.1.
Indriaty, N., Setiawan, D., & Pravasanti, Y. A. (2019). the Effects of Financial Ratio, Local Size and Local Status on Financial Distress. International Journal of Economics, Business and Accounting Research (IJEBAR), 3(01), 38.
Jaafar, M. N., Muhamat, A. A., Alwi, S. F. S., Karim, N. A., & Rahman, S. binti A. (2018). Determinants of Financial Distress among the Companies Practise Note 17 Listed in Bursa Malaysia. International Journal of Academic Research in Business and Social Sciences, 8(11).
Kazemian, S., Shauri, N. A. A., Sanusi, Z. M., Kamaluddin, A., & Shuhidan, S. M. (2017). Monitoring mechanisms and financial distress of public listed companies in Malaysia. Journal of International Studies, 10(1), 92–109.
Lee, D., & Manual, V. S. (2019). A Study on Effect of Capital Structure on the Financial Distress of Non-Financial Companies Listed in Bursa Malaysia Stock Exchange (KLSE). International Journal of Academic Research in Business and Social Sciences, 9(6), 428–450.
Lienanda, J., & Ekadjadja, A., (2019). Faktor yang Mempengaruhi Financial Distress Pada Perusahaan Manufaktur yang Terdaftar di BEI. Multiparadigma Akuntansi Tarumanagara. 1(4), 1041-1048.
Nguyen, V. C., Nguyen, T. N., Le, T. T. O., & Nguyen, T. T. (2019). Determining the impact of financial performance factors on bankruptcy risk: An empirical study of listed real estate companies in Vietnam. Investment Management and Financial Innovations, 16(3), 307–318.
Puspitaningrum, T., & Kartika, D. (2018). Impact of Financial Ratio on Financial Distress in Indonesia Manufacturing Companies. International Journal of Research & Management, 5(9), 93–100.
Putri, Y. (2021). Faktor - Faktor Yang Mempengaruhi Financial Distress Pada Industri Manufaktur Yang Terdaftar Di Bei. Jurnal Ilmiah Edunomika, 5(1), 1041–1048.
Restianti, T., & Agustina, L. (2018). The Effect of Financial Ratios on Financial Distress Conditions in Sub Industrial Sector Company. Accounting Analysis Journal, 7(1), 25–33.
Saputri, L., & Asrori, A., (2019). The Effect of Leverage, Liquidity and Profitability on Financial Distress with the Effectiveness of the Audit Committee as a Moderating Variable. Accounting Analysis Journal, 8(1), 38–44.
Sekaran, U. & Bougie, R. (2017). Research Methods for Business. United Kingdom: John Wiley & Sons Ltd.
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). Prosding Akuntansi, 3(2), 208–214.
Widjaja, I. (2011). Dampak Ukuran Degree of Financial Leverage, Sales Growth, dan Size growth terhadap return harga saham. Media riset bisnis dan Manajemen, 11(2), 126-139.
Widjaja, I., Arifin, A. Z., & Setini, M. (2020). The effects of financial literacy and subjective norms on saving behavior. Management Science Letters, 10(15), 3635–3642.