DAFTAR ISI

HALAMAN JUDUL.............................................................................................i

LEMBAR PENGESAHAN..................................................................................iii

BERITA ACARA UJIAN SKRIPSI....................................................................iv

SURAT PERNYATAAN KEASLIAN SKRIPSI................................................v

MOTTO.................................................................................................................vi

ABSTRAK............................................................................................................vii

ABSTRACT..........................................................................................................viii

KATA PENGANTAR...........................................................................................ix

DAFTAR ISI........................................................................................................xii

DAFTAR TABEL...............................................................................................xiv

DAFTAR GAMBAR............................................................................................xv

DAFTAR LAMPIRAN.......................................................................................xvi

BAB I PENDAHULUAN.......................................................................................1

1.1 Latar Belakang Masalah.................................................................................1

1.2 Rumusan Masalah.........................................................................................10

1.3 Pertanyaan Penelitian...................................................................................11

1.4 Tujuan Penelitian..........................................................................................11

1.5 Manfaat Penelitian........................................................................................12

1.6 Kontribusi Penelitian....................................................................................13

1.7 Sistematika Penulisan Karya Ilmiah.............................................................14

BAB II LANDASAN TEORI DAN TINJAUAN PUSTAKA...........................16

2.1 Landasan Teori.............................................................................................16

2.1.1 Teori Keagenan (Agency theory)...........................................................16

 2.1.2 Teori sinyal (signalling theory).............................................................20

2.1.3 Financial Distress.................................................................................21

2.1.4 Profitabilitas..........................................................................................33

2.1.5 Operating Capacity...............................................................................37

2.1.6 Operating Cash Flow............................................................................38

2.1.7 Leverage................................................................................................41

2.2 Tinjauan Peneliti terdahulu...........................................................................44

2.3 Kerangka Konseptual...................................................................................51

2.4 Hipotesis Penelitian......................................................................................52

2.4.1 Pengaruh profitabilitas terhadap financial distress...............................52

2.3.2 Pengaruh Operating capacity terhadap financial distress.....................52

2.3.3 Pengaruh Operating cash flow terhadap financial distress...................53

2.3.4 Pengaruh Leverage terhadap financial distress.....................................54

BAB III METODE PENELITIAN.....................................................................55

3.1 Rancangan Penelitian...................................................................................55

3.2 Populasi dan Sampel.....................................................................................56

3.3 Variabel Penelitian.......................................................................................57

3.3.1 Variabel independen..............................................................................57

3.3.2 Variabel dependen.................................................................................59

3.4 Prosedur Pengambilan Data..........................................................................61

3.5 Model dan Teknik Pengambilan Data..........................................................61

3.5.1 Analisis Statistik Deskriptif...................................................................61

3.5.2 Uji Asumsi Klasik.................................................................................62

3.5.3 Uji Analisis Regresi Linear Berganda...................................................64

3.5.4 Uji Hipotesis..........................................................................................65

BAB IV HASIL PENELITIAN DAN PEMBAHASAN....................................67

4.1 Deskripsi Data..............................................................................................67

4.1.1 Data Penelitian.......................................................................................67

4.2 Analisis dan Hasil Penelitian........................................................................67

4.2.1 Analisis Statistik Deskriptif...................................................................68

4.2.2 Asumsi Klasik.......................................................................................70

4.2.3.1 Uji Normalitas................................................................................71

4.2.3.2 Uji Multikolinearitas......................................................................72

4.2.3.3 Uji Heterokedastisitas....................................................................73

4.2.3.4 Uji Autokorelasi.............................................................................74

4.2.3 Analisis Regresi Linear Berganda.........................................................75

4.3 Uji Hipotesis.................................................................................................77

4.3.1 Uji Koefisien Determinasi (R2).............................................................77

4.3.2 Uji F.......................................................................................................78

4.3.3 Uji T.......................................................................................................78

4.4 Pembahasan Hipotesis..................................................................................81

4.4.1 Pengaruh Profitabilitas terhadap Financial distress..............................81

4.4.2 Pengaruh Operating capacity terhadap Financial distress...................82

4.4.3 Pengaruh Operating cash flow terhadap Financial distress..................83

4.4.4 Pengaruh Leverage terhadap Financial distress....................................84

BAB V SIMPULAN, KETERBATASAN, DAN SARAN.................................86

5.1 Kesimpulan...................................................................................................86

5.2 Keterbatasan dan Saran................................................................................88

DAFTAR PUSTAKA...........................................................................................90

LAMPIRAN..........................................................................................................97