ANALISIS PENGARUH LEVERAGE, LIKUIDITAS, DAN OPERATING CASH FLOW TERHADAP FINANCIAL DISTRESS DENGAN FIRM SIZE SEBAGAI VARIBEL MODERASI
Keywords:
leverage, iquidity, operating cash flow, financial distress, transportation and logisticAbstract
This study aims to determine the effect of leverage, liquidity, and operating cash flow on financial distress with firm size as a moderating variable in transportation and logistics companies on the Indonesia Stock Exchange for the period 2021-2023. The sample of this study amounted to 24 companies selected by purposive sampling method. The data source used is secondary data. The analysis method used in this research is the Structural Equation Model with the help of SmartPLS version 3. The results obtained in this study indicate that leverage has a negative effect on financial distress, as well as liquidity and operating cash flow have a positive effect on financial distress. Meanwhile, firm size strengthens the effect of leverage and liquidity on financial distress, but firm size weakens the effect of operating cash flow on financial distress.
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