Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, Likuiditas, Profitabilitas, dan Leverage terhadap Financial Distress pada Perusahaan Sektor Properties and Real Estate di Bursa Efek Indonesia (BEI) Periode 2018–2022

The Effect of Institutional Ownership, Managerial Ownership, Liquidity, Profitability, and Leverage on Financial Distress in Properties and Real Estate Sector Companies on The Indonesia Stock Exchange (IDX) Period 2018-2022

Penelitian ini bertujuan untuk mengetahui pengaruh kepemilikan institusional, kepemilikan manajerial, likuiditas, profitabilitas, dan leverage pada perusahaan sektor properties and real estate di Bursa Efek Indonesia (BEI) periode 2018 – 2022. Jenis data yang digunakan adalah data kuantitatif yang bersumber dari data sekunder. Populasi dalam penelitian ini adalah perusahaan sektor properties and real estate di Bursa Efek Indonesia tahun 2018 - 2022. Teknik pengambilan sampel menggunakan purposive sampling dan diperoleh 22 perusahaan yang digunakan sebagai sampel. Data dianalisis menggunakan regresi logistik dan dihitung dengan IBM SPSS 27. Hasil penelitian menunjukkan bahwa likuiditas yang diproksikan dengan current ratio berpengaruh negatif terhadap financial distress. Sedangkan kepemilikan institusional, kepemilikan manajerial, profitabilitas (return on assets), dan  leverage (debt to asset ratio) tidak berpengaruh terhadap financial distress. Perusahaan sektor properties and real estate perlu untuk selalu memperhatikan peningkatan nilai likuiditas yang diproksikan dengan current ratio karena semakin tinggi nilai current ratio dapat meminimalisir terjadinya financial distress. 

This research aims to determine the effect of institutional ownership, managerial ownership, liquidity, profitability, and leverage on companies in the properties and real estate sector on the Indonesia Stock Exchange (IDX) period 2018-2022. The type of data used is quantitative data sourced from secondary data. This research’s population are companies in the properties and real estate sector on the Indonesia Stock Exchange in 2018-2022. The sampling technique used purposive sampling and obtained 22 companies used as samples. The data were analyzed using logistic regression and calculated with IBM SPSS 27. The results showed that liquidity proxied by the current ratio had a negative effect on financial distress. Meanwhile, institutional ownership, managerial ownership, profitability (return on assets), and leverage (debt to asset ratio) did not affect financial distress. Companies in the properties and real estate sector need to always pay attention to increasing the value of liquidity proxied by the current ratio because the higher the current ratio value can minimize the occurrence of financial distress.