DAFTAR ISI

Halaman
LEMBAR PERNYATAAN....................................................................................i
LEMBAR PENGESAHAN...................................................................................ii
LEMBAR PERSETUJUAN.................................................................................iii
LEMBAR PENGESAHAN..................................................................................iv
ABSTRAK..............................................................................................................v
ABSTRACT............................................................................................................vi
KATA PENGANTAR..........................................................................................vii
DAFTAR ISI..........................................................................................................ix
DAFTAR TABEL...............................................................................................xvi
DAFTAR GAMBAR............................................................................................xv
BAB I PENDAHULUAN.......................................................................................1
1.1 Latar Belakang ..............................................................................................1
1.2 Identifikasi Masalah......................................................................................7
1.3 Batasan Masalah............................................................................................8
1.4 Rumusan Masalah.........................................................................................8
1.5 Tujuan dan Manfaat Penelitian......................................................................9
1.5.1 Tujuan Penelitian...................................................................................9
1.5.2 Manfaat Penelitian...............................................................................11
BAB II TINJAUAN PUSTAKA..........................................................................13
2.1 Landasan Teori............................................................................................13
2.1.1 Financial Distress.................................................................................12
2.1.1.1 Defenisi Financial Distress......................................................15
2.1.1.2 Kategori Financial Distress......................................................15
2.1.1.3 Tipe Financial Distress............................................................18

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 2.1.1.4 Indikator Terjadinya Financial Distress...................................19
2.1.1.5 Penyebab Terjadinya Financial Distress..................................20
2.1.1.6 Manfaat Informasi Financial Distress......................................21
2.1.1.7 Menguji Terjadinya Financial Distress....................................23
2.1.1.8 Solusi dari Financial Distress..................................................23
2.1.2 Sales Growth........................................................................................24
2.1.2.1 Defenisi Sales Growth ................................................................26
2.1.2.2 Jenis-Jenis Alat Ukur Pertumbuhan.............................................26
2.1.2.3 Faktor-Faktor yang Mempengaruhi Sales Growth.......................27
2.1.3 Profitabilitas.........................................................................................30
2.1.3.1 Defenisi Profitabilitas..................................................................31
2.1.3.2 Tujuan Rasio Profitabilitas...........................................................32
2.1.3.2 Manfaat Rasio Profitabilitas.........................................................32
2.1.3.2 Jenis Rasio Profitabilitas..............................................................33
2.1.4 Leverage..............................................................................................36
2.1.4.1 Defenisi Leverage........................................................................37
2.1.4.1 Tujuan Rasio Leverage................................................................38
2.1.4.1 Keuntungan Rasio Leverage........................................................38
2.1.4.1 Jenis-Jenis Rasio Leverage..........................................................39
2.1.4.1 Pendekatan Pengukuran Rasio Leverage.....................................41
2.1.4.1 Implikasi Rasio Leverage.............................................................41
2.2 Penelitian Terdahulu....................................................................................42
2.3 Kerangka Fikir.............................................................................................52
2.4 Pengembangan Hipotesis.............................................................................53
2.4.1 Pengaruh Sales Growth terhadap Financial Distress......................53
2.4.2 Pengaruh Profitabilitas terhadap Financial Distress.......................54

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 2.4.3 Pengaruh Sales Growth dan Profitabilitas terhadap Financial
Distress...........................................................................................55
............................................................................................................

2.4.4 Pengaruh Sales Growth terhadap Financial Distress dengan

Leverage sebagai Variabel Kontrol................................................56
2.4.5 Pengaruh Profitabilitas terhadap Financial Distress dengan
Leverage sebagai Variabel Kontrol................................................57
2.4.6 Pengaruh Sales Growth dan Profitabilitas terhadap Financial
Distress dengan Leverage sebagai Variabel Kontrol.....................57
2.4.7 Pengaruh Leverage terhadap Financial Distress..............................58
BAB III METODOLOGI PENELITIAN..........................................................61
3.1 Objek Penelitian..........................................................................................61
3.2 Desain Penelitian.........................................................................................61
3.3 Variabel Penelitian dan Defenisi Variabel Penelitian.................................61
3.3.1 Variabel Dependen..............................................................................61
3.3.1.1 Financial Distress (Y).................................................................62
3.3.2 Variabel Independen............................................................................63
3.3.2.1 Sales Growth (X1)........................................................................63
3.3.2.2 Profitabilitas (X2).........................................................................64
3.3.3 Variabel Kontrol..................................................................................64
3.4.3.1 Leverage.......................................................................................65
3.4 Populasi dan Sampel....................................................................................65
3.4.1 Populasi................................................................................................65
3.4.2 Sampel.................................................................................................66
3.5 Teknik Pengumpulan Data..........................................................................68
3.6 Metode Analisis Data..................................................................................69
3.6.1 Analisis Deskriptif...............................................................................69
3.6.2 Uji Asumsi Klasik................................................................................70
3.6.2.1 Uji Normalitas..............................................................................70

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 3.6.2.2 Uji Multikolinearitas....................................................................70
3.6.2.3 Uji Heteroskedastisitas.................................................................71
3.6.3 Regresi Linear Berganda.....................................................................71
3.6.4 Pengujian Hipotesis.............................................................................72
3.6.4.1 Uji Koefisien Regresi Secara Parsial (Uji t)................................72
3.6.4.2 Uji Koefisien Regresi Secara Simultan (Uji F)............................72
3.6.4.3 Uji Koefisien Determinasi (Uji R2)..............................................73
BAB IV HASIL PENELITIAN DAN PEMBAHASAN....................................74
4.1 Gambaran Umum Perusahaan.....................................................................74
4.2 Hasil Analisis Data......................................................................................82
4.2.1 Hasil Uji Statitik Deskriptif................................................................82
4.2.2 Hasil Uji Asumsi Klasik.....................................................................83
4.2.2.1 Hasil Uji Normalitas....................................................................83
4.2.2.1 Hasil Uji Multikolonearitas.........................................................85
4.2.2.1 Hasil Uji Autokorelasi.................................................................87
4.2.2.1 Hasil Uji Heteroskedastisitas.......................................................88
4.3 Metode Analisis...........................................................................................91
4.3.1 Analisis Regresi Linear Berganda.......................................................91
4.3.2 Pengujian Secara Parsial (Uji t)...........................................................94
4.3.3 Pengujian Secara Simultan (Uji F)....................................................100
4.3.4 Pengujian Koefisien Determinasi (R2)...............................................102
4.4 Pembahasan Hasil Penelitian.....................................................................104
4.4.1 Pengaruh Sales Growth terhadap Financial Distress........................104
4.4.2 Pengaruh Profitabilitas terhadap Financial Distress.........................105
4.4.4 Pengaruh Sales Growth dan Profitabilitas terhadap Financial
Distress..............................................................................................105
4.4.4 Pengaruh Sales Growth terhadap Financial Distress dengan Leverage
sebagai Variabel Kontrol...................................................................106

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 4.4.5 Pengaruh Profitabilitas terhadap Financial Distress dengan
Leverage sebagai Variabel Kontrol..............................................106
4.4.6 Pengaruh Sales Growth dan Profitabilitas terhadap Financial
Distress dengan Leverage sebagai Variabel Kontrol...................107
4.4.7 Pengaruh Leverage terhadap Financial Distress............................107
BAB V PENUTUP..............................................................................................109
5.1 Kesimpulan ...............................................................................................109
5.2 Keterbatasan Penelitian…….....................................................................110
5.3 Saran..........................................................................................................111
DAFTAR PUSTAKA.........................................................................................112
LAMPIRAN

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 DAFTAR TABEL

Halaman
Tabel 2.1 Penelitian Terdahulu..............................................................................42
Tabel 3.1 Kriteria Pemilihan Sampel.....................................................................67
Tabel 3.2 Data Perusahaan yang Menjadi Sampel.................................................68
Tabel 4.1 Hasil Uji Statistik Deskriptif..................................................................82
Tabel 4.2 Hasil Uji Normalitas Sebelum Variabel Kontrol...................................84
Tabel 4.3 Hasil Uji Normalitas Sesudah Variabel Kontrol....................................84
Tabel 4.4 Hasil Uji Multikolinearitas Sebelum Variabel Kontrol.........................85
Tabel 4.5 Hasil Uji Multikolinearitas Sesudah Variabel Kontrol..........................86
Tabel 4.6 Hasil Uji Autokorelasi Sebelum Variabel Kontrol................................87
Tabel 4.7 Hasil Uji Autokorelasi Sesudah Variabel Kontrol.................................88
Tabel 4.8 Analisis Regresi Linear Berganda Sebelum Variabel Kontrol..............92
Tabel 4.9 Analisis Regresi Linear Berganda Setelah Variabel Kontrol.................93
Tabel 4.10 Hasil Uji t Sebelum Variabel Kontrol..................................................95
Tabel 4.11 Hasil Uji t Sesudah Variabel Kontrol..................................................96
Tabel 4.12 Hasil Uji F Sebelum Variabel Kontrol...............................................100
Tabel 4.13 Hasil Uji F Sesudah Variabel Kontrol...............................................101
Tabel 4.14 Hasil Uji Analisis Determinasi Sebelum Variabel Kontrol...............102
Tabel 4.15 Hasil Uji Analisis Determinasi Sesudah Variabel Kontrol................103
Tabel 4.16 Hasil Pengujian Hipotesis Penelitian.................................................108

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 DAFTAR GAMBAR

Halaman
Gambar 2.1 Kerangka Fikir....................................................................................53
Gambar 4.1 Hasil Uji Heteroskedastisitas Sebelum Variabel Kontrol..................89
Gambar 4.2 Hasil Uji Heteroskedastisitas Sesudah Variabel Kontrol...................90

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