Pengaruh product market competition dan financial performance terhadap financial distress pada perusahaan manufaktur
P Penelitian bertujuan untuk menganalisis pengaruh product market competition danfinancial performance terhadap financial distress pada perusahaan manufaktur.Data yang digunakan dalam penelitian merupakan data sekunder yang bersumberdari laporan tahunan perusahaan manufaktur yang tercatat di Bursa Efek Indonesia(BEI) selama periode 2015-2020. Sampel penelitian dipilih menggunakan metodepurposive sampling sehingga diperoleh 10 perusahaan yang menjadi sampel.Analisis data yang digunakan untuk uji hipotesis adalah analisis regresi bergandadengan menggunakan software E-views 9. Variabel bebas yang diteliti adalahproduct market competition dan financial performance. Variabel pengendali yangditeliti meliputi firm value, leverage dan risiko nilai tukar. Hasil penelitianmenunjukan bahwa firm value memiliki pengaruh positif terhadap financialdistress. Variabel lain seperti product market competition, financial performance,leverage dan risiko nilai tukar tidak memiliki pengaruh terhadap financial distress.Penelitian ini diharapkan dapat dijadikan bahan pertimbangan manajemen maupuninvestor untuk firm value untuk meminimalisir financial distress pada perusahaan.
T This study aims to analyze the effect of product market competition and financialperformance on financial distress in manufacturing companies. The data used inthis study is secondary data sourced from the annual reports of manufacturingcompanies listed on the Indonesia Stock Exchange (IDX) during the 2015-2020period. The research sample was selected using purposive sampling method in orderto obtain 10 companies as samples. Data analysis used to test the hypothesis ismultiple regression analysis using E-views 9 software. The independent variablesstudied were product market competition and financial performance. Controllingvariables studied include firm value, leverage and exchange rate risk. The resultsshowed that firm value had a positive effect on financial distress. Other variablessuch as product market competition, financial performance, leverage and exchangerate risk have no effect on financial distress. This research is expected to be takeninto consideration by management and investors for firm value to minimizefinancial distress in the company.