Pengaruh Likuiditas dan Leverage terhadap Financial Distress Menggunakan Model Grover pada Perusahaan Sektor Barang Konsumen Non-Primer yang Terdaftar di BEI Periode 2020-2025

Alya Arisha Devi; Aidil Amin Effendy

doi:10.30640/inisiatif.v5i4.7701

Authors

Alya Arisha Devi Universitas Pamulang
Aidil Amin Effendy Universitas Pamulang

DOI:

https://doi.org/10.30640/inisiatif.v5i4.7701

Keywords:

Financial Distress, Grover, Leverage, Liquidity, Panel Data Regression

Abstract

This study aims to determine the effect of liquidity and leverage on financial distress using the Grover model, both partially and simultaneously, on non-primary consumer goods sector companies listed on the Indonesia Stock Exchange (IDX) for the 2020-2025 period. The method used is a quantitative approach with panel data regression analysis, processed with Eviews 14. The population consists of 164 non-primary consumer goods companies, and using the purposive sampling technique a total sample of 10 companies was obtained, namely ABBA, AKKU, BIMA, BLTZ, MYTX, PSKT, RICY, JGLE, MARI, and HRME. The results indicate that liquidity has a t-count (3.894) > t-table (2.002) with a Prob. T-Statistic of 0.0003 < 0.05, meaning that partially liquidity has a significant positive effect on financial distress, while leverage has a t-count (0.538) < t-table (2.002) with a Prob. T-Statistic of 0.5924 > 0.05, meaning that partially leverage does not have a positive and significant effect on financial distress. Simultaneously, F-count > F-table (7.987254 > 3.16) with a Prob. F-Statistic of 0.000875 < 0.05, meaning that liquidity and leverage simultaneously have a significant positive effect on financial distress.

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