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Effect of GCG, ROA and DER to Predict Financial Distress on Property and Real Estate Companies in BEI 2014-2018 period Silvia Silvia; Linda Linda; Teddy Nugroho; Jesica Jesica; Faathir Nurul Yaasiin
Jurnal Mantik Vol. 4 No. 3 (2020): November: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/mantik.Vol4.2020.1033.pp1906-1912

Abstract

This paper aims to predict financial distress as seen from the factors of GCG, ROA and DER. This research was conducted in the property and real estate sector, amounting to 52 companies with a sample of 27 companies. The data analysis tool used was multiple discriminant analysis. The results of this data test meet the four requirements of the classical assumption test. The GCG variable in this study uses an independent commissioner proxy and to predict financial distress uses the Altman Z Score formula. The conclusion of this research is that partially GCG (independent commissioner) is notable to distinguish between bankrupt, gray and healthy companies, while partially ROA and DER able to distinguish between bankrupt, gray and healthy companies
Pertumbuhan Penjualan, Struktur Aktiva, Ukuran Perusahaan, dan Harga Saham terhadap Struktur Modal dengan Profitabilitas sebagai Variabel Moderasi Adam Afiezan; Melysa Melysa; Vanesa Julieta Angga; Rosalie Lionar; Jesica Jesica
Journal of Management and Bussines (JOMB) Vol 4 No 1 (2022): Journal of Management and Bussines (JOMB)
Publisher : IPM2KPE

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/jomb.v4i1.3718

Abstract

This study aims to determine the effect of sales growth, asset structure, company size and stock price on capital structure with profitability as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange in 2018-2020 both partially and simultaneously. This research method is descriptive quantitative with multiple linear regression analysis. The population in this study has all manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2020 period, namely 177 companies and the sample is 204 units of analysis. The results show that the research reaction is sales growth, asset structure, company size and stock prices partially and together have an influence on capital structure with profitability as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2020 period. In conclusion, the profitability variable as a moderating variable partially has a negative influence on the capital structure of manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2020 period. Keywords: Stock Price, Sales Growth, Profitability, Asset Structure, Capital Structure, Company Size