ABSTRACT

            Financial Distress is indicated as company’s financial decrease which can be caused by various circumstances. Identifying financial distress is important to do since financial distress that occurs continuously will lead to company failure. This research is useful to see the impact of Ownership Structure, Liquidity, Leverage, and Activity in predicting Financial Distress to the sector consumer goods companies listed in Indonesia Stock Exchange. The independent variable used is Ownership Structure, Current ratio, Debt ratio, and Activity (TATO). While the dependent variable used is Financial Distress. The sample in this research involve 27 companies was taken by Purposive Sampling technique by determining 3 criterias within a span of 5 years, so the amount of research data was obtained as many as 135. This study use quantitative research. The results of this research using multiple linear regression analysis concluded Ownership Structure, Liquidity, and Activity have positive impact on Financial Distress. While Leverage is the only variable which has no significant influence on Financial Distress.

Keywords : Ownership Structure, Liquidity, Leverage, Activity, Financial Distress.

ABSTRAK

Situasi Financial Distress diindikasikan sebagai keuangan perusahaan mengalami penurunan yang bisa diakibatkan oleh berbagai keadaan. Pemahaman kesulitan keuangan penting dilakukan sebab Financial Distress yang terjadi terus menerus akan mengarah kepada kegagalan perusahaan. Riset ini bermanfaat guna melihat impak Struktur Kepemilikan, Likuiditas, Leverage, serta Aktivitas dalam memprediksi Financial Distress pada perusahaan Sektor Industri Barang Konsumsi yang ditemukan di Bursa Efek Indonesia. Variabel bebas yang dipakai yakni Struktur Kepemilikan, Current ratio, Debt ratio, serta Aktivitas (TATO). Sedangkan variabel tidak bebas yang dipakai yakni Financial Distress. Sampel dalam riset ini sebanyak 27 perusahaan, diambil dengan teknik Purposive Sampling melalui 3 kriteria pemilihan sampel dalam rentan waktu 5 tahun, maka didapat jumlah data riset sebanyak 135.  Analisis data pada studi ini menggunakan analisis kuantitatif. Akhir penelitian dengan teknik regresi linear berganda menyimpulkan Struktur Kepemilikan, Likuiditas, serta Aktivitas berdampak secara positif terhadap Financial Distress. Sedangkan Leverage merupakan satu-satunya variabel yang tidak ada impresi terhadap Financial Distress.

Kata kunci : Struktur Kepemilikan, Likuiditas, Leverage, Aktivitas, Financial Distress.