PENGARUH KEPEMILIKAN INSTITUSIONAL TERHADAP FINANCIAL DISTRESS DENGAN SIKLUS HIDUP PERUSAHAAN SEBAGAI VARIABEL MODERASI

THE INFLUENCE OF INSTITUTIONAL OWNERSHIP ON FINANCIAL DISTRESS WITH THE FIRM LIFE CYCLE AS A MODERATING VARIABLE

Penelitian ini dilakukan untuk mengetahui pengaruh kepemilikan institusional terhadap financial distress serta pengaruh kepemilikan institusional terhadap financial distress dengan siklus hidup perusahaan sebagai variabel moderasi. Berdasarkan metode penelitian kuantitatif dengan teknik pengambilan sampel judgment sampling, terdapat 45 perusahaan manufaktur yang menjadi sampel penelitian dengan periode pengamatan 2013-2017. Hasil penelitian menunjukkan bahwa kepemilikan institusional berpengaruh negatif terhadap financial distress, dan siklus hidup perusahaan dapat memoderasi hubungan kepemilikan institusional terhadap financial distress.

This study was conducted to determine the effect of institutional ownership on financial distress and the effect of institutional ownership on financial distress with the firm life cycle as a moderating variable. Based on quantitative research methods with judgment sampling. sampling techniques, there are 45 manufacturing companies which were the research samples with the 2013-2017 observation period. The results show that institutional ownership negatively influences financial distress, and the  Firm life cycle can moderate the relationship between institutional ownership and financial distress.