Pengaruh Kepemilikan Manajerial, ROI dan DER Terhadap Financial Distress

Abstract

This study aims to determine: (1) the effect of managerial ownership, (2) the effect of Return on Investment (ROI), (3) the effect of Debt to Equity Ratio (DER), and (4) the simultaneous effect of managerial ownership, Return on Investment (ROI), and Debt to Equity Ratio (DER) on financial distress in property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. This research uses a quantitative approach with secondary data obtained from the annual financial reports of property and real estate companies listed on the Indonesia Stock Exchange (IDX). The sampling technique used in this study is purposive sampling. The analytical method employed is multiple linear regression analysis using SPSS software version 26. The results show that partially managerial ownership, Return on Investment (ROI), and Debt to Equity Ratio (DER) have a significant effect on financial distress. Simultaneously, managerial ownership, Return on Investment (ROI), and Debt to Equity Ratio (DER) also have a significant effect on financial distress in property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period.