Pengaruh Kepemilikan Institusional, Kepemilikan Manajerial, CEO Duality, Profitabilitas, Likuiditas, Leverage, Sales Growth, dan Ukuran Perusahaan Terhadap Financial Distress Pada Perusahaan Sektor Agrikultur yang Terdaftar di Bursa Efek Indonesia Periode 2017 – 2021

The Effect of Institutional Ownership, Managerial Ownership, CEO Duality, Profitability, Liquidity, Leverage, Sales Growth, and Firm Size on the Financial Distress of Companies In The Agricultural Sector Listed On The Indonesia Stock Exchange Period 2017 – 2021

Penelitian ini bertujuan untuk mengetahui pengaruh kepemilikan institusional, kepemilikan manajerial, CEO duality, profitabilitas, likuiditas, leverage, sales growth, dan ukuran perusahaan terhadap financial distress pada perusahaan sektor agrikultur yang terdaftar di Bursa Efek Indonesia periode 2017 – 2021. Jenis data yang digunakan adalah data kuantitatif yang bersumber dari data sekunder. Populasi dalam penelitian ini adalah perusahaan sektor agrikultur yang terdaftar di Bursa Efek Indonesia tahun 2017 sampai dengan tahun 2021. Teknik pengambilan sampel menggunakan sampel jenuh dan diperoleh 16 perusahaan sebagai sampel dalam penelitian ini. Data dianalisis menggunakan regresi logistik dan dihitung dengan IBM SPSS 26. Hasil penelitian menunjukkan bahwa CEO duality berpengaruh signifikan dan positif terhadap financial distress. Profitabilitas yang diproksikan dengan Return on Asset berpengaruh signifikan dan negatif terhadap financial distress. Sedangkan kepemilikan institusional, kepemilikan manajerial, likuiditas (current ratio), leverage (debt to asset ratio), sales growth, dan ukuran perusahaan tidak berpengaruh signifikan terhadap financial distress. Oleh karena itu, perusahaan di sektor agrikultur tidak dapat mengimplementasikan sistem CEO duality dengan sistem kekerabatan karena dapat membuat perusahaan berada dalam kondisi financial distress. Perusahaan sektor agrikultur juga harus memperhatikan dan meningkatkan nilai return on asset untuk menghindari financial distress. 

This research aims to determine the effect of institutional ownership, managerial ownership, CEO duality, profitability, liquidity, leverage, sales growth, and firm size on financial distress in agricultural sector companies listed on the Indonesia Stock Exchange for the 2017 – 2021 period. The type of data used is quantitative data sourced from secondary data. This research's population are companies in the agricultural sector listed on the Indonesia Stock Exchange from 2017 - 2021. The sample retrieval technique used saturated samples and obtained 16 companies as samples in this research. The data were analyzed using logistic regression and calculated with IBM SPSS 26. The results showed that an CEO duality significantly and positively affected financial distress. Profitability proxied by return on asset significantly and negatively impacted financial distress. While institutional ownership, managerial ownership, liquidity (current ratio), leverage (debt to asset ratio), sales growth, and firm size have no significantly effect on financial distress. Therefore, companies in the agricultural sector cannot implement a CEO duality system with a kinship system because it can put the company in a probability of financial distress. Agricultural sector companies must also give more attention and increase the value of return on asset to avoid financial distress.