{"title":"Determinants of Financial Distress During COVID-19","authors":"Adessa Wibin, Y. Yanti","doi":"10.24912/ijaeb.11.643-651","DOIUrl":null,"url":null,"abstract":"This study aims to analyze the effect of liquidity, leverage, profitability, sales growth, and operating capacity on financial distress during the COVID-19 period. Quantitative research is used using secondary data with purposive sampling method involving 55 hotel, restaurant, tourism, and transportation companies taken from financial statement on IDX. The research methods used are multiple linear regression analysis and analyzed utilizing IBM SPSS. This study during COVID-19 carries out that leverage has an effect on financial distress, while liquidity, profitability, sales growth and operating capacity have an insignificant effect on financial distress.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"104 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Application on Economics and Business","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.24912/ijaeb.11.643-651","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
This study aims to analyze the effect of liquidity, leverage, profitability, sales growth, and operating capacity on financial distress during the COVID-19 period. Quantitative research is used using secondary data with purposive sampling method involving 55 hotel, restaurant, tourism, and transportation companies taken from financial statement on IDX. The research methods used are multiple linear regression analysis and analyzed utilizing IBM SPSS. This study during COVID-19 carries out that leverage has an effect on financial distress, while liquidity, profitability, sales growth and operating capacity have an insignificant effect on financial distress.
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