Pengaruh profitabilitas, ukuran perusahaan, dan operating capacity terhadap kondisi financial distress dengan good corporate governance sebagai variabel moderasi
P enelitian ini bertujuan untuk menganalisa bagaimana pengaruh profitabilitas,ukuran perusahaan, operating capacity terhadap kondisi financial distress dengangood corporate governance sebagai variabel moderasi. Data yang digunakanmerupakan data sekunder yang diperoleh dari laporan tahunan dan laporan keuanganperusahaan manufaktur yang terdaftar di Bursa Efek Indonesia.Penelitian ini adalah penelitian yang dilakukan dengan uji hipotesis. Sebanyak245 sampel yang berasal dari 49 perusahaan dengan periode pengamatan selama 5tahun yaitu 2013-2017 dipilih dengan metode purposive sampling. Metode analisisdata dalam penelitian ini menggunakan metode analisis regresi logistik.Hasil penelitian ini menunjukkan bahwa variabel profitabilitas dan operatingcapacity tidak berpengaruh negatif terhadap financial distress, ukuran perusahaantidak berpengaruh positif terhadap financial distress, good corporate governanceberpengaruh negatif terhadap financial distress, good corporate governance tidakmemperkuat hubungan negatif antara profitabilitas terhadap financial distress, goodcorporate governance tidak memperlemah hubungan positif antara ukuran perusahaanterhadap financial distress, good corporate governance tidak memperkuat hubungannegatif antara operating capacity terhadap financial distress.
T his study aims to analyze how the influence of profitability, firm size,operating capacity on the condition of financial distress with good corporategovernance as a moderating variable. The data used is secondary data obtained fromannual reports and financial statements of manufacturing companies listed on theIndonesia Stock Exchange.This research is a research conducted by hypothesis testing. A total of 245samples from 49 companies with a five-year observation period, 2013-2017 wereselected by purposive sampling method. The method of data analysis in this study usedthe logistic regression analysis method.The results of this study indicate that profitability and operating capacityvariables do not negatively affect financial distress, firm size does not have a positiveeffect on financial distress, good corporate governance has a negative effect onfinancial distress, good corporate governance does not strengthen the negativerelationship between profitability and financial distress, good corporate governancedoes not weaken the positive relationship between firm size and financial distress,good corporate governance does not strengthen the negative relationship betweenoperating capacity and financial distress