ALTMAN Z-SCORE: FAKTOR YANG MEMENGARUHI TINGKAT FINANCIAL DISTRESS PADA PERUSAHAAN

Valery Rafsa Mughnanda, Silvy Christina

Abstract


The purpose of this research is to obtain empirical evidence about the influence of independent variables on financial distress. These independent variables are operating cash flow, profitability, financial leverage, liquidity, audit committee, firm size and sales growth. The population of this research are manufacturing companies listed in Indonesia Stock Exchange during 2018-2020. There are 68 companies with 204 amounts of data selected as a final sample and this research using purposive sampling method. The result of this research shows that profitability and liquidity have influence toward financial distress. While operating cash flow, financial leverage, audit committee, firm size and sales growth have no influence toward financial distress.


Keywords


Financial Distress, Profitability, Liquidity, Financial Ratio.

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