The effect of profitability, liquidity, leverage, and activity on financial distress at PT Waskita Karya (Persero) Tbk

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    <journal-meta>
      <journal-id journal-id-type="actanova-preservation">Insight Management Journal</journal-id>
      <journal-title-group>
        <journal-title>Insight Management Journal</journal-title>
      </journal-title-group>
      <issn pub-type="epub">2774-1737</issn>
      <publisher>
        <publisher-name>Forum Kerjasama Pendidikan Tinggi</publisher-name>
      </publisher>
    </journal-meta>
    <article-meta>
      <article-id pub-id-type="publisher-id">the-effect-of-profitability-liquidity-leverage-and-activity-on-financial-distress-at-pt-waskita-karya-persero-tbk</article-id>
      <article-id pub-id-type="doi">10.47065/imj.v4i2.314</article-id>
      <title-group>
        <article-title>The effect of profitability, liquidity, leverage, and activity on financial distress at PT Waskita Karya (Persero) Tbk</article-title>
      </title-group>
      <contrib-group>
        <contrib contrib-type="author">
          <name>
            <surname>Ayatika</surname>
            <given-names>Arini</given-names>
          </name>
        </contrib>
        <contrib contrib-type="author">
          <name>
            <surname>Suryaningprang</surname>
            <given-names>Andre</given-names>
          </name>
        </contrib>
        <contrib contrib-type="author">
          <name>
            <surname>Herlinawati</surname>
            <given-names>Erna</given-names>
          </name>
        </contrib>
        <contrib contrib-type="author">
          <name>
            <surname>Sudaryo</surname>
            <given-names>Yoyo</given-names>
          </name>
        </contrib>
        <contrib contrib-type="author">
          <name>
            <surname>Supiyadi</surname>
            <given-names>Dedi</given-names>
          </name>
        </contrib>
      </contrib-group>
      <pub-date pub-type="epub">
        <day>30</day>
        <month>01</month>
        <year>2024</year>
      </pub-date>
      <volume>4</volume>
      <issue>2</issue>
      <permissions>
        <copyright-statement>© 2024 Forum Kerjasama Pendidikan Tinggi</copyright-statement>
        <copyright-year>2024</copyright-year>
        <license license-type="open-access" xlink:href="https://creativecommons.org/licenses/by/4.0/">
          <license-p>This is an open-access article distributed under the terms of the Creative Commons Attribution 4.0 International License.</license-p>
        </license>
      </permissions>
      <abstract>
        <p>The aim of this study is to find out how profitability, liquidity, leverage, and activity have a partial and simultaneous effect on financial distress. To collect samples, the researchers used purposive sampling. This research uses secondary data from the triwulan financial report of PT Waskita Karya (Persero) Tbk for the period 2013-2023. The study uses a descriptive and verification approach that includes descriptive tests, classical assumption tests, double linear regression analysis, determination coefficient analysis, and hypothesis testing. The results of the determination factor tests show that profitability, liquidity, leverage, and operational influences 90.20% of financial distress, and 9.80% are influenced by other factors not considered in the study. It can be concluded from the hypothesis test that partially Profitability, Liquidity, and Activity have a positive and significant influence on Financial Distress, while Leverage has a negative and significant effect on Financial distress while simultaneously Profitability, liquidity, Leverage, and Aktivity have an influence upon Financial Distress. Researchers recommend using different research objects and larger samples, not just that for further research it is recommended to use measuring tools that project different financial distress such as using the Springate, Zmijewski, or Grover methods</p>
      </abstract>
      <kwd-group kwd-group-type="author">
        <kwd>profitability</kwd>
        <kwd>liquidity</kwd>
        <kwd>leverage</kwd>
        <kwd>activity</kwd>
        <kwd>financial distress</kwd>
      </kwd-group>
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      <self-uri content-type="original-pdf" xlink:title="Original Publisher PDF Document" xlink:href="https://journals.insightpub.org/index.php/imj/article/download/314/314" />
      <supplementary-material content-type="original-pdf" xlink:title="Original Publisher PDF Document" xlink:href="https://journals.insightpub.org/index.php/imj/article/download/314/314">
        <caption xml:lang="en"><p>Original PDF file published by Forum Kerjasama Pendidikan Tinggi</p></caption>
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  <body>
    <sec id="sec1">
      <title>Full Text &amp; Preserved Archival Statement</title>
      <p>The aim of this study is to find out how profitability, liquidity, leverage, and activity have a partial and simultaneous effect on financial distress. To collect samples, the researchers used purposive sampling. This research uses secondary data from the triwulan financial report of PT Waskita Karya (Persero) Tbk for the period 2013-2023. The study uses a descriptive and verification approach that includes descriptive tests, classical assumption tests, double linear regression analysis, determination coefficient analysis, and hypothesis testing. The results of the determination factor tests show that profitability, liquidity, leverage, and operational influences 90.20% of financial distress, and 9.80% are influenced by other factors not considered in the study. It can be concluded from the hypothesis test that partially Profitability, Liquidity, and Activity have a positive and significant influence on Financial Distress, while Leverage has a negative and significant effect on Financial distress while simultaneously Profitability, liquidity, Leverage, and Aktivity have an influence upon Financial Distress. Researchers recommend using different research objects and larger samples, not just that for further research it is recommended to use measuring tools that project different financial distress such as using the Springate, Zmijewski, or Grover methods</p>
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