PENGARUH LEVERAGE DAN LIKUIDITAS TERHADAP FINANCIAL DISTRESS DENGAN PROFITABILITAS SEBAGAI VARIABEL MEDIASI (Studi Empiris pada Perusahaan Properti dan Real Estate yang terdaftar di Bursa Efek Indonesia periode 2021-2024)

Gitarolla, Icca (2026) PENGARUH LEVERAGE DAN LIKUIDITAS TERHADAP FINANCIAL DISTRESS DENGAN PROFITABILITAS SEBAGAI VARIABEL MEDIASI (Studi Empiris pada Perusahaan Properti dan Real Estate yang terdaftar di Bursa Efek Indonesia periode 2021-2024). S1 thesis, Universitas PGRI Madiun.

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Abstract

Icca Gitarolla, 2026. The Influence of Leverage and Liquidity on Financial Distress with Profitability as a Mediating Variable (An Empirical Study on Property and Real Estate Companies Listed on the Indonesia Stock Exchange for the 2021–2024 Period). Simply Thesis. Management Study Program, Faculty of Economics and Business, Universitas PGRI Madiun. Advisors: (I) Dr. Anggita Langgeng Wijaya, S.E., M.Si., Ak. C.A., and (II) Ririh Anggraini Setyahety, S.E., M.M. This study aims to analyze the influence of Leverage (DAR) and Liquidity (CR) on Financial Distress (Modified Z-Score) mediated by Profitability (ROA) in Property and Real Estate companies listed on the Indonesia Stock Exchange for the 2021–2024 period. By employing a purposive sampling technique, a research sample of 75 companies was obtained using a 1-year time lag, resulting in a total observation of 225 sample data points. The research data were analyzed using SmartPLS 4 through the evaluation of the coefficient of determination (R^2), effect size (f^2), path coefficients, and specific indirect effects. The test results indicate that Leverage (DAR) and Liquidity (CR) have a significant negative effect on Profitability (ROA). Furthermore, Leverage (DAR) has a significant negative effect on Financial Distress (Z-Score), Liquidity (CR) has a significant positive effect on Financial Distress (Z-Score), while Profitability (ROA) has no effect on Financial Distress (Z-Score). Consequently, Profitability (ROA) is unable to mediate the effects of Leverage (DAR) and Liquidity (CR) on Financial Distress (Z-Score). Keywords: Financial Distress, Leverage, Liquidity, Profitability.

Item Type: Thesis/Skripsi/Tugas Akhir (S1)
Kata Kunci: Kata Kunci: Financial Distres, Leverage, Likuiditas, Profitabilitas. Keywords: Financial Distress, Leverage, Liquidity, Profitability.
Subjects: A Social Sciences > HB Economic Theory
A Social Sciences > HG Finance
Divisions: Fakultas Ekonomi dan Bisnis > Manajemen
Depositing User: ICCA GITAROLLA ICCA
Date Deposited: 16 Oct 2026 03:11
Last Modified: 16 Oct 2026 03:11
URI: http://eprint.unipma.ac.id/id/eprint/10168

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