Determinan Terhadap Prediksi Financial Distress Pada Perusahaan Manufaktur Di Bursa Efek Indonesia

This study aims to look at the effect of insider ownership,
institutional ownership, firm size, sales growth, stock
volatility and financial leverage to prediction of financial
distress on manufactur companies listed in Indonesia
Stock Exchange. Financial distress is a condition where a
company having afinancial difficulties. Data sample studied
were enrolled in manufactur companies listed in Indonesia
Stock Exchange during the period 2008-2013 selected by
purposive sampling method. The method of data analysis is
done by using binary logistic regression.
The results show that institutional ownership.firm size, sales
growth, stock volatility and financial leverage partially
have significant effect on financial distress, while insider
ownership partially have no significant effect on financial
distress. Insider ownership, institutional ownership, firm
size, sales growth, stock volatility and financial leverage
together have significant effect onfinancial distress.