Pengaruh Arus Kas Operasi, Leverage, Efisiensi Operasional Dan Kepemilikan Institusional Terhadap Prediksi Kebangkrutan Pada Perusahaan Manufaktur Sektor Consumer Non Cyclicals Di Indonesia Yang Terdaftar Di Bursa Efek Indonesia Tahun 2021-2023

Abstract

The purpose of this study is to examine the effect of Operating Cash Flow, Leverage, Operational Efficiency, and Institutional Ownership on Bankruptcy Prediction in Manufacturing Companies in the Consumer Non-Cyclicals Sector listed on the Indonesia Stock Exchange for the period 2021-2023. The sampling method used in this study is purposive sampling method and obtained a research sample of 50 companies with a total of 150 observations. The type of data used is secondary data with data collection methods through documentation studies from www.idx.com and official company websites. The data analysis method used is logistic regression analysis. The results of this study indicate that Leverage has a positive effect on bankruptcy prediction in manufacturing companies in the consumer non-cyclicals sector listed on the Indonesia Stock Exchange for the period 2021-2023, and Operational Efficiency has a negative effect on bankruptcy prediction in manufacturing companies in the consumer non-cyclicals sector listed on the Indonesia Stock Exchange for the period 2021-2023. However, Operating Cash Flow and Institutional Ownership variables have no effect on bankruptcy prediction in manufacturing companies in the consumer non-cyclicals sector listed on the Indonesia Stock Exchange for the period 2021-2023.