| NIM | C1B021042 |
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| Namamhs | ABIDA MASSI ARMAND |
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| Judul Artikel | Efek Moderasi Political Connection pada Pengaruh Profitabilitas dan Leverage terhadap Financial Distress (Studi Empiris pada Jakarta Islamic Index periode 2019-2023) |
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| Abstrak (Bhs. Indonesia) | Penelitian ini bertujuan untuk menganalisis pengaruh profitabilitas dan leverage terhadap financial distress dengan political connection sebagai variabel moderasi. Data diambil dari perusahaan yang terdaftar dalam Jakarta Islamic Index (JII) pada Bursa Efek Indonesia selama periode 2019–2023, menggunakan metode kuantitatif dengan pendekatan Structural Equation Modeling-Partial Least Squares (SEM-PLS). Hasil penelitian menunjukkan bahwa profitabilitas tidak berpengaruh signifikan terhadap financial distress. Sebaliknya, leverage berpengaruh positif signifikan, yang menunjukkan bahwa rasio utang yang tinggi meningkatkan risiko kebangkrutan perusahaan. Political connection juga memiliki pengaruh positif terhadap financial distress, mengindikasikan bahwa keterlibatan politik dapat memperburuk kondisi keuangan perusahaan. Namun, political connection tidak memoderasi hubungan antara profitabilitas dan financial distress. Sebaliknya, political connection memperkuat pengaruh leverage terhadap financial distress, menunjukkan bahwa perusahaan dengan koneksi politik lebih rentan terhadap risiko keuangan jika memiliki rasio leverage tinggi. Temuan ini memberikan implikasi penting bagi manajemen perusahaan, investor, dan pemerintah untuk memitigasi risiko financial distress. |
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| Abtrak (Bhs. Inggris) | This study aims to analyze the influence of profitability and leverage on financial distress with political connection as a moderating variable. Data were obtained from companies listed in the Jakarta Islamic Index (JII) on the Indonesia Stock Exchange for the period 2019–2023, using a quantitative method and the Structural Equation Modeling-Partial Least Squares (SEM-PLS) approach. The findings reveal that profitability does not significantly affect financial distress. Conversely, leverage has a significant positive effect, indicating that high debt ratios increase the risk of corporate bankruptcy. Political connection also has a positive influence on financial distress, suggesting that political involvement exacerbates a company’s financial instability. However, political connection does not moderate the relationship between profitability and financial distress. Instead, political connection strengthens the effect of leverage on financial distress, indicating that politically connected companies are more vulnerable to financial risks when they have high leverage ratios. These findings provide critical implications for corporate management, investors, and policymakers to mitigate financial distress risks. |
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| Kata kunci | profitabilitas, leverage, political connection, financial distress, kebangkrutan |
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| Pembimbing 1 | Dr. E Najmudin, SE.,M.Si. |
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| Pembimbing 2 | |
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| Pembimbing 3 | |
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| Tahun | 2024 |
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| Jumlah Halaman | 11 |
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| Tgl. Entri | 2024-11-18 13:52:48.743958 |
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