SKRIPSI
PENGARUH LIQUIDITAS, LEVERAGE, DAN PROFITABILITAS TERHADAP FINANCIAL DISTRESS
ABSTRACT
This study aims to test the effect of liquidity, leverage, and profitability in predicting
financial distress. The population in this study are all of the textile and garment companies listed
on the Indonesia Stock Exchange who countinously published financial statements in the year
2008-2012 as well as not on the grey area. Based on purposive sampling method, sample obtained
12 companies in the period 2008-2012 so obtain 36 observations. The criteria of financial distress
in this study was measured by using Z-Score Altman modification 1995. The study used logistic
regression as a data analysis tool. Hypothesis of this research are tested by analysis model of 2
year before financial distress with prediction accuracy at 47,8%. The result of this research
showed that leverage and profitability have significant impact on the financial distress condition.
The research failed to prove effect of liquidity with probability of experiencing financial distress.
Keywords : Financial Distress, Liquidity, Leverage, Profitability, Z-Score
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