pengaruh operating capacity, liquidity dan managerial agency cost terhadap financial distress dengan environmental performance sebagai variabel moderasi
P Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh operating capacity, liquidity dan managerial agency cost terhadap financial distress dengan environmental performance sebagai variabel moderasi. Penelitian ini menggunakan data sekunder yang diperoleh dari laporan keuangan tahunan perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Penelitian ini adalah penelitian yang dilakukan dengan menguji hipotesis. Penelitian ini menggunakan sampel sebanyak 90 yang berasal dari perusahaan dengan periode pengamatan selama 3 tahun yaitu 2016-1018 yang dipilih dengan metode purposive sampling. Metode analisis yang digunakan untuk menguji hipotesis pada penelitian ini adalah analisis regresi linear berganda.Hasil penelitian ini menunjukkan bahwa operating capacity berpengaruh negatif terhadap financial distress, liquidity berengaruh negatif terhadap financial distress, managerial agency cost berpengaruh positif terhadap financial distress, environmental performance berpengaruh negatif terhadap financial distress, environmental performance tidak memperkuat hubungan antara operating capacity dengan financial distress, environmental performance tidak memperkuat hubungan antara liquidity dengan financial distress, environmental performance tidak memperlemah hubungan antara managerial agency cost dengan financial distress.
T The purpose of this research is to analyze the effect of operating capacity, liquidity and managerial agency cost on financial distress with environmental performance as a moderating variable. This research used secondary data obtained from the annual financial statement of manufacturing companies listed on the Indonesia Stock Exchange. This research is conducted by hypothesis testing. A total of 90 samples from 35 companies with a three-year observation period, 2016-2018 were selected by purposive sampling method. Analysis method that used to test the hypothesis in this research is multiple regression analysis.The results of this study indicate that operating capacity has a negative effect on financial distress, liquidity has a negative effect on financial distress, managerial agency cost has a positive effect on financial distress, environmental performance has a negative effect on financial distress, environmental performance does not strengthen the negative relationship between operating capapcity and financial distress, environmental performance does not strengthen the negative relationship between liquidity and financial distress, environmental performance does not weaken the positive relationship between managerial agency cost and financial distress