Main Article Content
Abstract
The purpose of this study is to analyze the effect of company size, leverage, profitability, liquidity, and efficiency on financial distress (an empirical study of property and real estate companies listed on the IDX in 2021-2024). This study uses a quantitative method. The type of data used in this study is secondary data. The data source comes from the official IDX website. The data collection techniques used in this study include literature review and documentary analysis. The data analysis techniques employed in this study include hypothesis testing, multiple regression analysis, coefficient of determination testing, F-test, t-test, classical assumption testing, normality testing, multicollinearity testing, autocorrelation testing, and heteroskedasticity testing. The results of this study indicate that company size does not have a significant effect on financial distress. Leverage has a significant effect on financial distress. Profitability has a significant effect on financial distress. Liquidity does not have a significant effect on financial distress. Efficiency does not have a significant effect on financial distress.
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References
- Adityaningrum, F., Widyaningrum, M. N., & Mahirun, M. (2024). The Effect of Profitability, Liquidity, Leverage, Firm Size, Operating Capacity, and Retained Earnings Towards Financial Distress: Evidence from Energy Companies. InFestasi, 20(1), Inpress. https://doi.org/10.21107/infestasi.v20i1.23088
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- Fatimah, K., & Jariah, A. (2024). The Role of Profitability, Leverage, and Liquidity in Efforts to Minimize Financial Distress. The 5th International Conference On Economics , Business and Information Technology, 2020, 453–458.
- Hakim, M. Z., Anggraeni, D., Rohmansyah, B., Hardi, S., Siregar, I. G., Sudarmanto, E., (2021). Pengaruh Likuiditas, Leverage dan Ukuran Perusahaan Terhadap Keuangan Kesulitan Fenomena delisting pada perusahaan Sektor Properti dan Real Estate. 88–101.
- Hidayat, R., Mahmudi, B., & Suryani, E. (2024). The Effect of Liquidity, Leverage, and Profitability on Financial Distress with Company Size as a Moderation Variable. INNOVATIVE: Journal Of Sosial Science Research, 4(4), 12415–12429.
- Imronudin, I., Waskito, J., Cantika, I. B., & Sofiardhani, G. (2023). The Effect of Liquidity and Capital Structure to Increase Firm Value Through Increasing Financial Performance. Riset Akuntansi Dan Keuangan Indonesia, 7(3), 345–354. https://doi.org/10.23917/reaksi.v7i3.22174
- Masdupi, E., Tasman, A., & Davista, A. (2018). The Influence of Liquidity, Leverage and Profitability on Financial Distress of Listed Manufacturing Companies in Indonesia. 57(Piceeba), 223–228. https://doi.org/10.2991/piceeba-18.2018.51
- Meliana, jeandry gregorius, & taher juliana. (2022). Pengaruh Ukuran Perusahaan, Profitabilitas, Leverage Dan likuiditas Terhadap Pengungkapan Islamic Social Reporting (ISR) Pada Bank Umum Syariah Di Indonesia Tahun 2015-2019. Risetakuntansi, 9(2), 1–15.
- Munawar, A. (2019). The Effect of Leverage, Dividend Policy, Effectiveness, Efficiency, and Firm Size on Firm Value in Plantation Companies Listed IDX. International Journal of Science and Research (IJSR), 8(10 October 2019), 244–252. https://doi.org/10.21275/ART20201693
- Nigam, N., Mbarek, S., & Boughanmi, A. (2021). Impact of intellectual capital on the financing of startups with new business models. Journal of Knowledge Management, 25(1), 227–250. https://doi.org/10.1108/JKM-11-2019-0657
- Oktaria, M., Yanida, M., Alexandro, R., Tonich, T., & Putri, W. U. (2021). The Effect of Liquidity, Firm Size and Leverage on Financial Distress. Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021), 197(Teams), 484–489. https://doi.org/10.2991/aebmr.k.211124.068
- Runis, A., Samsul Arifin, D., Masud, A., & Kalsum, U. (2021). The Influence of Liquidity, Leverage, Company Size and Profitability on Financial Distress. International Journal of Business and Social Science Research, 11–17. https://doi.org/10.47742/ijbssr.v2n6p2
- Saputri, N. A., & Santoso, P. R. (2023). Influence of Profitability, RETA, Liquidity, Leverage, Company Size, and Corporate Governance on Financial Distress. Research of Accounting and Governance, 1(1), 1–12. https://doi.org/10.58777/rag.v1i1.6
- Yulaeli, T. (2022). Pengaruh Fee Audit dan Audit Tenure terhadap Kualitas Audit. Jurnal Buana Akuntansi, 7(2), 191–199. https://doi.org/10.36805/akuntansi.v7i2.2113
References
Adityaningrum, F., Widyaningrum, M. N., & Mahirun, M. (2024). The Effect of Profitability, Liquidity, Leverage, Firm Size, Operating Capacity, and Retained Earnings Towards Financial Distress: Evidence from Energy Companies. InFestasi, 20(1), Inpress. https://doi.org/10.21107/infestasi.v20i1.23088
Agatharuna, N., & Sofian Suriawinata, I. (2025). The effect of leverage, activity, profitability, growth, and firm size on financial distress Corresponding author. 11(1), 53–68.
Dirman, A. (2020). Financial Distress : The Impact of Profitability, Liquidity, Leverage, Firm Size, and Free Cash Flow. International Journal of Business, Economics and Law, 22(1), 1.
Fatimah, K., & Jariah, A. (2024). The Role of Profitability, Leverage, and Liquidity in Efforts to Minimize Financial Distress. The 5th International Conference On Economics , Business and Information Technology, 2020, 453–458.
Hakim, M. Z., Anggraeni, D., Rohmansyah, B., Hardi, S., Siregar, I. G., Sudarmanto, E., (2021). Pengaruh Likuiditas, Leverage dan Ukuran Perusahaan Terhadap Keuangan Kesulitan Fenomena delisting pada perusahaan Sektor Properti dan Real Estate. 88–101.
Hidayat, R., Mahmudi, B., & Suryani, E. (2024). The Effect of Liquidity, Leverage, and Profitability on Financial Distress with Company Size as a Moderation Variable. INNOVATIVE: Journal Of Sosial Science Research, 4(4), 12415–12429.
Imronudin, I., Waskito, J., Cantika, I. B., & Sofiardhani, G. (2023). The Effect of Liquidity and Capital Structure to Increase Firm Value Through Increasing Financial Performance. Riset Akuntansi Dan Keuangan Indonesia, 7(3), 345–354. https://doi.org/10.23917/reaksi.v7i3.22174
Masdupi, E., Tasman, A., & Davista, A. (2018). The Influence of Liquidity, Leverage and Profitability on Financial Distress of Listed Manufacturing Companies in Indonesia. 57(Piceeba), 223–228. https://doi.org/10.2991/piceeba-18.2018.51
Meliana, jeandry gregorius, & taher juliana. (2022). Pengaruh Ukuran Perusahaan, Profitabilitas, Leverage Dan likuiditas Terhadap Pengungkapan Islamic Social Reporting (ISR) Pada Bank Umum Syariah Di Indonesia Tahun 2015-2019. Risetakuntansi, 9(2), 1–15.
Munawar, A. (2019). The Effect of Leverage, Dividend Policy, Effectiveness, Efficiency, and Firm Size on Firm Value in Plantation Companies Listed IDX. International Journal of Science and Research (IJSR), 8(10 October 2019), 244–252. https://doi.org/10.21275/ART20201693
Nigam, N., Mbarek, S., & Boughanmi, A. (2021). Impact of intellectual capital on the financing of startups with new business models. Journal of Knowledge Management, 25(1), 227–250. https://doi.org/10.1108/JKM-11-2019-0657
Oktaria, M., Yanida, M., Alexandro, R., Tonich, T., & Putri, W. U. (2021). The Effect of Liquidity, Firm Size and Leverage on Financial Distress. Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021), 197(Teams), 484–489. https://doi.org/10.2991/aebmr.k.211124.068
Runis, A., Samsul Arifin, D., Masud, A., & Kalsum, U. (2021). The Influence of Liquidity, Leverage, Company Size and Profitability on Financial Distress. International Journal of Business and Social Science Research, 11–17. https://doi.org/10.47742/ijbssr.v2n6p2
Saputri, N. A., & Santoso, P. R. (2023). Influence of Profitability, RETA, Liquidity, Leverage, Company Size, and Corporate Governance on Financial Distress. Research of Accounting and Governance, 1(1), 1–12. https://doi.org/10.58777/rag.v1i1.6
Yulaeli, T. (2022). Pengaruh Fee Audit dan Audit Tenure terhadap Kualitas Audit. Jurnal Buana Akuntansi, 7(2), 191–199. https://doi.org/10.36805/akuntansi.v7i2.2113