Pengaruh arus kas operasi, laba dan leverage terhadap financial distress

Abstract

The purpose of this research is to determine the influence of intangible asset, operating cash flow and leverage on financial distress at infrastructure, utility and transportation of service companies listed in Indonesian Stock Exchange period 2013- 2017. The population in this study are 62 services companies and the sample selection by purposive sampling method obtained 16 companies.The results shows that based on t-test, intangible assets have a negative influence on financial distress, operating cash flow have a positive influence on financial distress, while leverage didn’t have influence on financial distress.Research with F test proves that intangible assets, operating cash flow and leverage simultaneously influence on financial distress. The coefficient of determination test shows intangible asset, operating cash flow and leverage explain financial distress variable of 89.05%, while the rest of 10.95% is the contributions of other factors.