Pengaruh Likuiditas dan Profitabilitas terhadap Financial Distress

Cristino Gusmao; Celeste Maria Martins; Leonardo Bele Bau Amaral; Ardiani Ika Sulistyawati; Aprih Santoso

doi:10.35870/emt.v10i1.5518

Published: 2026-01-01

Pengaruh Likuiditas dan Profitabilitas terhadap Financial Distress

DOI: 10.35870/emt.v10i1.5518

Cristino Gusmao, Celeste Maria Martins, Leonardo Bele Bau Amaral, Ardiani Ika Sulistyawati, Aprih Santoso

Affiliation Details

Cristino Gusmao: Unversidade da Paz-UNPAZ
Celeste Maria Martins: Unversidade da Paz-UNPAZ
Leonardo Bele Bau Amaral: Unversidade da Paz-UNPAZ
Ardiani Ika Sulistyawati: Universitas Semarang
Aprih Santoso: Universitas Semarang

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The study aims to find empirical evidence of the influence of liquidity (CR) and profitability (ROA) on financial distress. In this study, the researcher used a quantitative method using panel data regression. The study population consisted of companies listed on the Jakarta Islamic Index (JII 30) 2021-2024, and a purposive sampling technique was used to determine the sample size. A total of 84 samples from 21 companies were selected for this study. The data analysis technique used EViews 12. Based on the research findings, financial distress is significantly influenced by liquidity (CR) and profitability (ROA). The R-square results indicate that the influence of CR and ROA on financial distress, with a value of 0.8997 or 89.97%, is included in the high category. Meanwhile, other variables not studied may have an influence of 10.03%.

Keywords

CR; ROA; Financial Distress; Jakarta Islamic Index

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How to Cite

Gusmao, C., Martins, C. M., Amaral, L. B. B., Sulistyawati, A. I., & Santoso, A. (2026). Pengaruh Likuiditas dan Profitabilitas terhadap Financial Distress. Jurnal EMT KITA, 10(1), 319-327. https://doi.org/10.35870/emt.v10i1.5518

Article Information

This article has been peer-reviewed and published in the Jurnal EMT KITA. The content is available under the terms of the Creative Commons Attribution 4.0 International License.

Issue: Vol. 10 No. 1 (2026)
Section: Articles
Published: 2026-01-01

License: CC BY 4.0
Copyright: © 2026 Authors
DOI: 10.35870/emt.v10i1.5518

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Author Biographies

Cristino Gusmao, Unversidade da Paz-UNPAZ

Program Studi Akuntansi, Fakultas Ekonomi, Unversidade da Paz-UNPAZ, Dili, Timor Leste.

Celeste Maria Martins, Unversidade da Paz-UNPAZ

Program Studi Akuntansi, Fakultas Ekonomi, Unversidade da Paz-UNPAZ, Dili, Timor Leste.

Leonardo Bele Bau Amaral, Unversidade da Paz-UNPAZ

Program Studi Akuntansi, Fakultas Ekonomi, Unversidade da Paz-UNPAZ, Dili, Timor Leste.

Ardiani Ika Sulistyawati, Universitas Semarang

Program Studi Akuntansi, Fakultas Ekonomi, Universitas Semarang, Kota Semarang, Provinsi Jawa Tengah, Indonesia.

Aprih Santoso, Universitas Semarang

Program Studi Manajemen, Fakultas Ekonomi, Universitas Semarang, Kota Semarang, Provinsi Jawa Tengah, Indonesia.

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Published: 2026-01-01

Pengaruh Likuiditas dan Profitabilitas terhadap Financial Distress