The Effect Of Liquidity And Sales Growth On Financial Distress (Restaurant, Hotel And Tourism Sectors Listed On The Idx For The 2022-2024 Period)
DOI:
https://doi.org/10.33751/jhss.v10i1.30Keywords:
Liquity, Salees Gworth, Financial DistressAbstract
Financial distress is a condition in which a company is unable to continue its business activities because it cannot meet its obligations when they fall due. This study aims to determine the effect of liquidity and sales growth on financial distress. The research method used is quantitative. Data analysis includes validity testing, reliability testing, classical assumption testing, multiple linear regression analysis, hypothesis testing, and the coefficient of determination. The population of this study consists of companies in the Restaurant, Hotel, and Tourism sub-sector listed on the Indonesia Stock Exchange (IDX) for the 2019–2021 period. The sampling technique used is purposive sampling, resulting in a total sample of 16 companies out of a population of 45 companies. The results of the study show that liquidity and sales growth simultaneously influence financial distress. Partially, liquidity and sales growth have a positive effect on financial distress. This study can be used as a reference regarding the calculation of liquidity and sales growth conducted by companies. Future researchers are expected to examine other independent variables that may affect financial distress.
References
[1] Afriyeni, E. (2012). Penilaian Kinerja Keuangan dengan Menggunakan Analisis Rasio. POLI BISNIS, 3(2), 109-118.
[2] Ikpesu, F., Vincent, O., Dakare, O. (2019). Financial Distress Overview, Determinants, and Sustainable Remedial Measures: Financial Distress. IGI Global.
[3] Ardiyos. (2013). Kamus Besar Akuntansi. Jakarta: Citra Harta Prima
[4] Ingkak Wangsih and catra kalbuana. 2021. Influence of leverage, firm size, and sales growth on financial distress (Empirical Study on Retail Trade Sub-Sector Companies Listed in Malaysia Stock Exchange Period 2018-2020), Journal of Accounting Vol 3 No. 3, 1-11.
[5] Eminingtyas, Reta (2017) Pengaruh Ukuran Perusahaan, Likuiditas, Leverage, Sales Growth DAN Operating Capacity Terhadap Financial Distress Pada Perusahaan Manufaktur (Terdaftar di BEI). Undergraduate thesis, STIE Perbanas Surabaya.
[6] Atika, A., & Handayani, S. R. (2013). Pengaruh Beberapa Rasio Keuangan Terhadap Prediksi Kondisi Financial Distress. Brawijaya University.
[7] Harahap, S. S. (2015). Analisis Kritis Atas Laporan Keuangan. Jakarta: Rajawali Pers.
[8] Natalia, C. & Sha, T. L. (2022). Pengaruh Likuiditas, Profitabilitas, dan Sales Growth terhadap Financial Distress Perusahaan. Jurnal Multiparadigma Akuntansi, 4(1), 40-49.
[9] Antoniawati, A., & Purwohandoko, P. (2022). Analisis Pengaruh Profitabilitas, Likuiditas, dan Leverage terhadap Financial Distress pada Perusahaan Transportasi yang Terdaftar di BEI Tahun 2018-2020. Jurnal Ilmu Manajemen, 10(1), 28–38. https://doi.org/10.26740/jim.v10n1.p28-38
[10] Fitri, R. A. & Muslimin. (2024). Pengaruh Likuiditas, Leverage dan Sales Growth terhadap Financial Distress. COSTING: Journal of Economic, Bussines and Accounting, 7(5). 4714-4721. DOI: https://doi.org/10.31539/costing.v7i5.11197
