PENGARUH LIKUIDITAS, OPERATING CAPACITY DAN PROFITABILITAS TERHADAP FINANCIAL DISTRESS DENGAN VARIABEL UKURAN PERUSAHAAN SEBAGAI PEMODERASI (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2015-2017)

Abstract

The purpose of this research is so test and analyze the influence liquidity,
operating capacity and profitabilityon financial distress with firm size as moderating
variable. The population in this research is all manufacturing companies listed in
Indonesia Stock Exchange at 2015-2017. The sampling method used in this study was
purposive sampling. The sample obtained by 84 companies. Hypothesis in this research
are tested by multiple regression analysis using SPSS 25.The result of this study indicated
that liquidity affects financial distress with significance 0,012 < 0,05, operating capacity
affects financial distress with significance 0,001 < 0,05, profitability affect financial
distress with significance 0,004 < 0,05, firm size moderates the relationship of liquidity
on financial distress with significance 0,000 < 0,05 have an affect on financial distress,
firm size do not moderates the relations of operating capacity on financial distress with
significance 0,201 < 0,05 and firm size do not moderates the relations of profitability on
financial distress with significance 0,656 < 0,05.
Keywords : Liquidity, Operating capacity, Profitabilitas, Financial Distress and Firm Size