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

LOMAN, RAISSA KARINA and Malelak, Mariana Ing (2016) Determinan Terhadap Prediksi Financial Distress Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Journal of Research in Economics and Management, 15 (2). pp. 371-381. ISSN 1412-1824

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Abstract

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.

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