The Influence Of Financial Performance And Intellectual Capital On Financial Distress In Food And Beverage Companies

Rani Maulana Lumbantoruan

Authors

Rani Maulana Lumbantoruan Universitas Medan Area Author

Keywords:

FinancialPerformance, Intellectualcapital, Financialdistress

Abstract

Research aims to determine the effect of Current Ratio (CR), Return On Assets (ROA), Debt to Equity Ratio (DER), Inventory Turnover (ITO), and Intellectual Capital (IC) on Financial Distress in listed food and beverage companies. on the Indonesian stock exchange in 2018-2021. The type of research used by researchers in this research is a quantitative associative approach. The sample for this research was 36, consisting of 9 companies included in the research category of companies in the food and beverage industry sector listed on the Indonesia Stock Exchange in 2019-2021. Data analysis technique used in this research uses IBM SPSS statistics version 26.00. The research results show that the Current Ratio (CR) has a positive effect on Financial Distress, Return On Assets (ROA) has a positive effect on Financial Distress, Debt to Equity Ratio (DER) has a negative effect on Financial Distress, Inventory Turnover (ITO) has a positive effect on Financial Distress . Intellectual Capital (IC) has a positive effect on financial distress. And simultaneously the current ratio (CR), return on assets (ROA), Debt to Equity Ratio (DER), inventory turnover, and Intellectual Capital (IC) have a positive influence financial distress in food and beverage companies listed on the Indonesia stock exchange in 2019-2021

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