PENGARUH KEPEMILIKAN INSTITUSIONAL, PROFITABILITAS, DAN LEVERAGE TERHADAP FINANCIAL DISTRESS PADA SEKTOR MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2013-2017

Rekha Sandra Devi. The Effect of Institutional Ownership, Profitability, and Leverage to the Financial Distress on Manufactur Sectors Listed by Indonesia Stock Exchange (IDX) Period 2013 - 2017. Faculty of Economic State University of Jakarta. 2019. The aim of this study is to determine the effect of Institutional Ownership, Profitability, and Leverage to the Financial Distress on Manufactur Sectors Listed by Indonesia Stock Exchange (IDX) Period 2013 - 2017. Independent Variable of these study is Institutional Ownership as a mechanism of Corporate Governance. Profitability used in this research is Return on Assets (ROA). Leverage used in this research is Debt to Asset (DAR). While the dependent variable is the Financial Distress which is a dummy variable with the category of problematic companies and companies are not problematic. The criteria of Financial Distress used in this study are companies that have an Interest Coverage Ratio (ICR) of less than 1. The sample used in this research is 55 manufactur sectors companies listed in IDX period 2013-2017. The method of analysis used is logistic regression analysis (logit). The results show that Institutional Ownership and DAR has a significant positive effect on Financial Distress. While ROA has a significant negative effect on Financial Distress. Key Words: Financial Distress, Institutional Ownership, Return on Asset, Debt to - Asse