Measurement Of Financial Distress Influenced By Sales Growth, Managerial Ownership, And Operating Capacity In Transportation And Logistics Companies Listed On The Bei In 2018-2022
Abstract
Financial distress can be experienced by every company, which can be caused by internal or external factors of
the company. A company may experience financial distress when the condition of the company is unable to meet
its financial obligations. If this condition continues, the company will face the risk of bankruptcy due to its inability
to meet its financial obligations. There are several factors that influence financial distress, namely sales growth,
managerial ownership, and operating capacity. This research aims to determine how the simultaneous and partial
effects of the variables of sales growth, managerial ownership, and operating capacity on financial distress in
transportation and logistics companies listed on the Indonesia Stock Exchange (IDX) in 2018-2022. The sampling
technique in this research is purposive sampling, obtaining 105 samples consisting of 21 companies with an
observation period of 5 years. This research uses a quantitative method using panel data regression techniques
processed using Eviews 13 software. The results of this study show that: (1) Sales growth, managerial ownership,
and operating capacity simultaneously affect financial distress. (2) Sales growth partially does not affect financial
distress. (3) Managerial ownership partially has a negative effect on financial distress. (4) Operating capacity
partially has a positive effect on financial distress.
Keywords-financial distress, sales growth, managerial ownership, and operating capacity.
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