Pengaruh Operating Capacity, Leverage dan Sales Growth terhadap Financial Distress Perusahaan Sektor Infrastruktur yang Terdaftar di Bursa Efek Indonesia Tahun 2021-2023

Abstract

Penelitian ini bertujuan untuk mengetahui Pengaruh Operating Capacity, Leverage dan Sales Growth terhadap Financial Distress pada perusahaan sektor infrastruktur yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2021-2023. Financial distress diukur menggunakan metode Springate (S-Score). Penelitian ini menggunakan pendekatan kuantitatif. Data yang digunakan merupakan data sekunder berupa laporan keuangan yang diperoleh dari situs resmi BEI. Teknik pengambilan sampel menggunakan purposive sampling dengan jumlah sampel sebanyak 19 perusahaan sektor infrastruktur. Analisis data dilakukan dengan regresi linier berganda untuk mengetahui pengaruh masing-masing variabel independen terhadap financial distress. Hasil penelitian menunjukkan bahwa Operating capacity berpengaruh positif dan signifikan terhadap financial distress, Leverage berpengaruh negatif dan signifikan terhadap financial distress, Sales growth tidak berpengaruh terhadap financial distress, serta variabel operating capacity, leverage dan sales growth secara simultan berpengaruh dan signifikan terhadap financial distress pada perusahan sektor infrastruktur yang terdaftar di BEI tahun 2021-2023 This study aims to determine the effect of Operating Capacity, Leverage, and Sales Growth on Financial Distress in infrastructure sector companies listed onthe Indonesia Stock Exchange (IDX) from 2021 to 2023. Financial distress was measured using the Springate (S-Score) method. This study employed a quantitative approach. The data used were secondary data in the form of financial reports obtained from the official IDX website. The sampling technique employed was purposive sampling, with a sample size of 19 companies from the infrastructure sector. Data analysis was performed using multiple linear regression to determine the effect of each independent variable on financial distress. The results showed that operating capacity had a positive and significant effect on financial distress, leverage had a negative and significant effect on inancial distress, sales growth does not effect on financial distress and Operating Capacity, Leverage, and Sales Growth simultaneously had a significant effect on financial distress in infrastructure sector companies listed on the IDX in 2021- 2023.