Pengaruh corporate social responsibility, firm life cycle, enterprise risk management, free cash flow dan pertumbuhan return on equity terhadap financial distress
P Penelitian ini bertujuan untuk mengetahui pengaruh faktor-faktor pada Financial Distress. Variabel bebas dalam penelitian ini adalah Corporate Social Responsibility, Firm Life Cycle, Enterprise Risk Management, Free Cash Flow, Pertumbuhan Return On Equity. Variabel dependen yang digunakan adalah Financial Distress.Data penelitian diperoleh dari laporan keuangan perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Sampel yang digunakan adalah 64 perusahaan sepanjang periode tahun 2017 sampai 2019 dengan total pengamatan menjadi 192 sampel. Proksi Enterprise Risk Management menggunakan perhitungan (Gordon et al., 2009). Teknik sampling yang digunakan adalah purposive sampling. Hasil Penelitian menunjukan bahwa Corporate Social Responsibility, Enterprise Risk Management, dan pertumbuhan Return On Equity berpengaruh negatif terhadap financial distress, sedangkan Firm Life Cycle dan Free Cash Flow tidak berpengaruh.
T This study aims to determine the effect of factors on financial distress. The independent variables in this study are Corporate Social Responsibility, Firm Life Cycle, Enterprise Risk Management, Free Cash Flow, Growth Return On Equity. The dependent variable used is Financial Distress.The research data were obtained from the financial statements of manufacturing companies listed on the Indonesia Stock Exchange. The sample used was 64 companies throughout the period 2017 to 2019 with a total of 192 samples. Enterprise Risk Management proxies use calculations (Gordon et al., 2009). The sampling technique used was purposive sampling. The results showed that Corporate Social Responsibility, Enterprise Risk Management, Return On Equity growth had a negative effect on Financial Distress, while Firm Life Cycle and Free Cash Flow have no effect