THE EFFECT OF PROFITABILITY, LEVERAGE, LIQUIDITY, AND MANAGERIAL OWNERSHIP ON FINANCIAL DISTRESS
(On Banking Companies Listed on the Indonesia Stock Exchange for the Period 2020-2023)
Penelitian ini bertujuan untuk meneliti dan menganalisis pengaruh profitabilitas, leverage, likuiditas, dan kepemilikan manajerial terhadap financial distress pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia. Data sekunder yang digunakan bersumber dari 47 perusahaan perbankan yang konsisten terdaftar selama periode 2020-2023 dan lolos uji purposive sampling. Teknik analisis yang digunakan adalah regresi linier berganda dengan bantuan software SPSS. Hasil penelitian menunjukkan bahwa variabel profitabilitas, likuiditas, dan kepemilikan manajerial memiliki pengaruh positif terhadap financial distress, sedangkan leverage tidak menunjukkan pengaruh signifikan. Temuan ini mengindikasikan bahwa pengelolaan risiko yang hati-hati serta penerapan tata kelola yang baik sangat penting untuk mencegah potensi munculnya masalah keuangan pada sektor perbankan, khususnya dalam menjaga stabilitas keuangan dan keberlanjutan jangka panjang perusahaan.
Kata Kunci : Financial Distress, Profitabilitas, Leverage, Likuiditas, Kepemilikan Manajerial
This study aims to investigate and analyze the impact of profitability, leverage, liquidity, and managerial ownership on financial distress in banking companies listed on the Indonesia Stock Exchange. The secondary data used in this study comes from 47 banking companies that have consistently been listed during the 2020-2023 period and passed the purposive sampling test. The analysis technique employed is multiple linear regression using SPSS software. The results show that the variables of profitability, liquidity, and managerial ownership have a positive impact on financial distress, while leverage does not show a significant effect. These findings indicate that careful risk management and the implementation of good corporate governance are crucial to prevent potential financial problems in the banking sector, particularly in maintaining financial stability and the long-term sustainability of companies.
Keywords : Financial Distress, Profitability, Leverage, Liquidity, Managerial Ownership