PERAN PROFITABILITAS SEBAGAI PEMODERASI DETERMINAN FINANCIAL DISTRESS PERUSAHAAN PERTAMBANGAN
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Abstract
This study aims to analyze the role of profitability during financial distress on the relationship between size, sales growth, leverage, liquidity, and operational capacity. With a purposive sampling approach, testing was conducted on 63 mining business companies on the IDX in 2020 and 2022. Data were analyzed using moderation data analysis (MRA). The study's results indicate that operational capacity and liquidity reduce financial distress. Leverage and company size have a detrimental impact on financial distress, but increased sales do not affect financial distress. Other research results show that profitability cannot control the relationship between leverage and liquidity during economic crises. Profitability is proven to moderate the relationship between operational capacity, sales growth, and company size during the financial crisis. This study implies that it is essential to recognize the possibility of financial distress early on to save the company from bankruptcy.
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Widhiastuti, N. L. P., & Pradnyani, I. G. A. A. (2024). PERAN PROFITABILITAS SEBAGAI PEMODERASI DETERMINAN FINANCIAL DISTRESS PERUSAHAAN PERTAMBANGAN. Akurasi : Jurnal Studi Akuntansi Dan Keuangan, 7(2), 421 - 442. https://doi.org/10.29303/akurasi.v7i2.598
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Eduard Ary Binsar Naibaho, & Adeline Natasya. (2023). Ratio analysis to financial distress with profitability as a moderation variable. Jurnal Reviu Akuntansi dan Keuangan, 13(2), 412–440. https://doi.org/10.22219/jrak.v13i2.24506
Fitri, R. A., & Syamwil, S. (2020). Pengaruh likuiditas, aktivitas, profitabilitas dan leverage terhadap financial distress (Studi kasus pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2014-2018). Jurnal Ecogen, 3(1), 134–143. https://doi.org/10.24036/jmpe.v3i1.8532
Giarto, R. V. D., & Fachrurrozie, F. (2020). The effect of leverage, sales growth, and cash flow on financial distress with corporate governance as a moderating variable. Accounting Analysis Journal, 9(1), 15–21. https://doi.org/https://doi.org/10.15294/aaj.v9i1.31022
Handayani, R. D., Widiasmara, A., & Amah, N. (2019). Pengaruh operating capacity dan sales growth terhadap financial distress dengan profitabilitas sebagai variabel moderating. Seminar Inovasi Manajemen, Bisnis dan Akuntansi, 1, 137–151.
Hidayat, R., Mahmudi, B., & Suryani, E. (2024). The effect of liquidity, leverage, and profitability on financial distress with company size as a moderation variable. Innovative: Journal of Social Science Research, 4(4), 12415–12429.
Idawati, W. (2020). Analisis financial distress: Operating capacity, leverage, dan profitabilitas. Jurnal Akuntansi Bisnis, 13(1), 1–10. https://doi.org/10.30813/jab.v13i1.1914
Idawati, W., & Wardana, A. K. (2021). Analysis of financial distress with profitability as a moderation variable. Jurnal Akuntansi, 25(2), 222. https://doi.org/10.24912/ja.v25i2.807
Ikpesu, F. (2019). Firm-specific determinants of financial distress: Empirical evidence from Nigeria. Journal of Accounting and Taxation, 11(3), 49–56. https://doi.org/https://doi.org/10.5897/jat2019.0333
Indriaty, N., Setiawan, D., & Pravasanti, Y. A. (2019). The effects of financial ratio, local size, and local status on financial distress. International Journal of Economics, Business and Accounting Research (IJEBAR), 3(01), 38. https://doi.org/10.29040/ijebar.v3i01.381
Islami, I. N., & Rio, W. (2019). Financial ratio analysis to predict financial distress on property and real estate companies listed in the Indonesia Stock Exchange. JAAF (Journal of Applied Accounting and Finance), 2(2), 125-. https://doi.org/https://doi.org/10.33021/jaaf.v2i2.550.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3(4), 305–360.
Junior, J. R., & Wijaya, H. (2022). Factors affecting financial distress in manufacturing companies. Jurnal Multiparadigma Akuntansi, IV(2), 826–836.
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