CD Skripsi
Pengaruh Sensitivitas Nilai Tukar, Sensitivitas Suku Bunga, Kepemilikan Manajerial, Dan Kepemilikan Institusional Terhadap Financial Distress Pada Perusahaan Manufaktur Di Bursa Efek Indonesia Periode 2016-2018
Financial Distress is a situation where a company is unable to repay debts
that are past due, both short-term debt and long-term debt. So that it can cause the
company's operational activities to be disrupted and bankrupt.
This study aims to examine the effect of exchange rate sensitivity, interest
rate sensitivity, managerial ownership, and institutional ownership on financial
distress. The population in this study are all manufacturing companies listed on the
Indonesia Stock Exchange for the period of 2016-2018. From this population, this
research used 62 manufacturing companies listed on the Indonesia Stock Exchange
in the 2016-2018 period as samples. This research uses logistic regression analysis
method.
The results showed that the variable of exchange rate sensitivity has a
significant negative effect on financial distress, interest rate sensitivity has a
significant positive effect on financial distress, managerial ownership has no
siggnificant positive effect on financial distress, and institutional ownership has no
siggnificant positive effect on financial distress. This shows that companies need to
pay attention to exchange rate sensitivity and interest rate sensitivity because the
higher the sensitivity level, the worse it will have on the company.
Keywords: Financial Distress, Exchange Rate Sensitivity, Interest Rate Sensitivity,
Managerial Ownership, Institutional Ownership
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