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PENGARUH OPERATING CAPACITY DAN BIAYA AGENSI MANAJERIAL TERHADAP FINANCIAL DISTRESS
ABSTRACT
This research was conducted with the aim of seeing how the influence of operating
capacity and managerial agency cost on financial distress in manufacturing
companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period.
The method used in this research is descriptive and verification research.
Descriptive research serves to describe a population. Meanwhile, verification
research is used to re-examine the results of previous studies with the aim of
verifying the correctness of previous research results. The population in this study
may be 195 maufacturing companies in the 2016-2020 period. Then obtained 48
companies as samples using purposive sampling method, namely the sampling
technique with certain criteria. Data obtained from the Indonesia Stock Exchange
(IDX). The data analysis used in this research is multiple linear regression analysis.
Analysis of data processing using Microsoft Office Software Excel 2010 and IBM
SPSS 22. The results shown in this study indicate that operating capacity has a
significant negative effect by using the Springate measurement and not significant
effect by using the Zmijewski X-score measurement on financial distress. For
managerial agency cost has no significant effect by using the Springate and
Zmijewski X-score on financial distress.
Keywords : Operating Capacity, Managerial Agecy Cost, Financial Distress
TotalAsset Turnover, Administration Cost Ratio, Springate, Zmijewski X-score.
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