Pengaruh Profitabilitas Dan Leverage Terhadap Financial Distress Pada Perusahaan Sub Sektor Barang Kimia Dasar Dan Sub Sektor Barang Kimia Khusus

Abstrak

Purpose – This study aims to determine the effect of Profitability and
Leverage on Financial Distress.

Design/methodology/approach – This research uses quantitative data, the
sample in this study is sub-sector basic chemical materials and sub-sector
specialty hemical materials companies which are listed on the Indonesia Stock
Exchange in the period 2018 – 2022 as many as 11 companies. The analysis
technique used to test the hypothesis is multiple regression analysis using
Eviews 9 software.

Findings – The results of this study indicate that the Profitability variable has
a negative and statistically insignificant effect on Financial Distress, Leverage
variable has a negative and statistically significant effect on Financial
Distress.

Originality/value - This study discusses Financial Distress and other
factors such as Profitability and Leverage which focus on sub-sector basic
chemical materials and sub-sector special chemical materials companies. This
study uses the Altman Z-