Determinan Corporate Turnaround dengan Assets Retrenchment sebagai Variabel Moderasi pada Perusahaan Manufaktur di Bursa Efek Indonesia

Abstract

This study aims to see the determinants of Corporate Turnaround with Assets Retrenchment as a moderating variable in manufacturing companies on the Indonesia Stock Exchange. The independent variables in this study are Severity, Firm Size and Free Assets. While the dependent variable in this study is Corporate Turnaround. The moderating variable used is Assets Retrenchment. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2009-2019. From the results of the research sample selection, 67 companies were sampled in this study. The research method used is logistic regression. The results of this study indicate that simultaneously Severity, Firm Size and Free Assets have a significant effect on Turnaround. Partially Severity and Free Assets have a positive and significant effect on Turnaround. Meanwhile, Firm Size has no significant effect on Turnaround. Moderation test results state that Assets Retrenchment is not a moderating variable. All independent variables are able to influence turnaround by 4.8%, the remaining 95.2% is influenced by other variables that are not used in this study