| dc.description.abstract | This study aims to analyze the effect of financial performance
(profitability, liquidity, and leverage), corporate governance (institutional
ownership and board of directors), and macroeconomic sensitivity (inflation) on
financial distress in manufacturing companies in the consumer goods industry
sector on the Indonesia Stock Exchange for the year 2017-2021. The population
in this study are manufacturing companies in the consumer goods industry sector
on the Indonesia Stock Exchange for the year 2017-2021 with a number of 73
companies. The sampling technique used purposive sampling technique and
acquired 34 companies with 170 units of analysis. The type of this research is
causal associative research. The type of research data is secondary data. Data
were analyzed with descriptive statistics and logistic regression. The results of
this research show that simultaneously profitability, liquidity, leverage,
institutional ownership, board of directors, and inflation have a significant effect
on financial distress in manufacturing companies in the consumer goods industry
sector on the Indonesia Stock Exchange for the year 2017-2021. Partially,
profitability has a negative and significant effect on financial distress, liquidity
has a negative and significant effect on financial distress, leverage has a positive
and significant effect on financial distress, institutional ownership has a negative
and significant effect on financial distress, the board of directors has a positive
effect but not significant on financial distress, and inflation has a positive effect
but not significant on financial distress. | en_US |
