Pengaruh Likuiditas, Profitabilitas, Leverage dan Gender Diversity Terhadap Financial Distress
DOI:
https://doi.org/10.35870/jemsi.v11i5.4472Keywords:
Financial Distress, Likuiditas, Profitabilitas, Leverage, Gender diversityAbstract
This study aims to examine and analyze whether liquidity, profitability, leverage, as well as gender diversity have an impact on financial distress. The technique applied is a descriptive quantitative approach, which aims To investigate the associations linking the independent variables, liquidity, profitability, leverage, and gender diversity and the dependent variable, namely financial distress. The population in this study includes all textile as well as garment sub-sector companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2023. The research sample consists of a portion of the population chosen intentionally according to defined criteria through the purposive sampling technique. The analytical technique applied is logistic regression analysis. This study discusses liquidity, profitability, and leverage, as well as the gender diversity variable, which has not been widely explored in previous studies regarding its impact on financial distress. The study utilizes the latest data from the textile and garment industry, which has been underrepresented in past research. The results show that profitability has a negative impact on financial distress, while liquidity, leverage, and gender diversity have no significant effect. The findings of this research can serve as a valuable reference and source of information for stakeholders such as managers, investors, or financial analysts in identifying the risk of financial distress.
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