Pengaruh Rasio Keuangan Untuk Memprediksi Financial Distress Pada Perusahaan Subsektor Infrastructure, Utilities and Transportation
Abstract
Financial Distress merupakan tahap penurunan kondisi keuangan suatu perusahaan sebelum mengalami kebangkrutan. Strategi untuk mengantisipasinya dengan mengidentifikasi kondisi financial distress pada perusahaan tersebut. Penelitian ini bertujuan untuk mengetahui pengaruh rasio keuangan yaitu rasio likuiditas, rasio aktivitas, rasio profitabilitas, rasio leverage untuk memprediksi financial distress pada perusahaan subsektor infrastructure, utilities and transportation yang terdaftar di Bursa Efek Indonesia tahun 2015-2019. Populasi yang digunakan adalah perusahaan subsektor infrastructure, utilities and transportation yang terdaftar di Bursa Efek Indonesia tahun 2015-2019 yang berjumlah 75 perusahaan. Tehnik pemilihan sampel menggunakan purposive sampling. sampel penelitian perusahaan berjumlah 24 perusahaan. Alat analisis yang digunakan adalah analisis regresi logistik. Hasil penelitian menunjukkan bahwa rasio profitabilitas yang diproyeksikan dengan Retur On Assets berpengaruh signifikan dalam memprediksi financial distress dengan nilai signifikasinya 0,040x0,05. Rasio likuiditas yang diproyeksikan dengan Current Ratio tidak berpengaruh signifikan dalam memprediksi financial distress dengan nilai signifikasinya 0,831»0,05. Rasio aktivitas yang diproyeksikan dengan Total Assets Turn Over tidak berpengaruh signifikan dalam memprediksi financial distress dengan nilai signifikasinya 0,59720,05. Rasio leverage yang diproyeksikan dengan Debt to Eguity Ratio tidak berpengaruh signifikan dalam memprediksi financial distress dengan nilai signifikasinya 0,647-0,05. Untuk penelitian selanjutnya sebaiknya menggunakan variabel-variabel
yang lain untuk memproksikan financial distess misalnya rasio pertumbuhan, sales growth dan lain sebagainya,penelitian juga dapat di tambahkan dari perusahaan sektor yang lain untuk sampel agar dapat dijadikan perbandingan dengan sektor lain. Bagi manajemen dapat digunakan sebagai dasar melakukan tindakan perbaikan jika telah terjadi indikasi bahwa perusahaan mengalami financial distress.
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