PENGARUH SALES GROWTH, AGRESIVITAS PAJAK, OPERATING CAPACITY TERHADAP FINANCIAL DISTRESS DENGAN VARIABEL MODERASI KEPEMILIKAN INSTITUSIONAL PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2022
Kata Kunci:
Sales Growth, Agresivitas Pajak, Operating Capacity, Financial Distress, Kepemilikan InstitusionalAbstrak
Tujuan dari penelitian ini adalah untuk mengetahui pengaruh sales growth, agresivitas pajak, operating capacity, terhadap environmental performance terhadap financial distress dengan variabel moderasi kepemilikan institusional pada perusahaan sektor manufaktur periode 2019-2022. Peneliti menggunakan penelitian kuantitatif. Populasi dalam penelitian ini adalah seluruh perusahaan sektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia berjumlah 46 perusahaan yang selalu listing selama 5 tahun berturut-turut. Sampel dipilih dengan menggunakan purposive sampling dan diperoleh 16 perusahaan sampel, dan 64 objek penelitian. Hasil penelitian sales growth, dan agresivitas pajak berpengaruh terhadap financial distress, sedangkan operating capacity tidak berpengaruh terhadap financial distress. Kepemilikan institusional dapat memoderasi sales growth, dan agresivitas pajak terhadap financial distress, tetapi tidak dapat memoderasi pengaruh operating capacity terhadap financial distress.
The purpose of this study was to determine the effect of sales growth, tax aggressiviness, operating capacity, on financial distress with institutional ownership as moderating. Researchers use quantitative research. The population in this study were all companies in food and beverages sector listed on the Indonesia Stock Exchange totaling 46 companies which were always listed for 4 consecutive years. The sample was selected using purposive sampling and obtained 16 sample and 64 research objects. The results of the study sales growth, and tax have an effect on financial distress, while operating capacity have no effect on financial distress. Institutional ownership as moderating is able to strengthen the effect influence of the sales growth, and tax aggressiviness on the financial distress, meanwhile insitutional ownership is not able strengthen the effect infuence of the operating capacity on the financial distress
