PENGARUH LEVERAGE, PROFITABILITAS DAN STRUKTUR CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS DENGAN LIKUIDITAS SEBAGAI VARIABEL MODERASI (Studi Empiris pada Perusahaan Industri Dasar dan Kimia yang Terdaftar di BEI)

Abstrack This study aims to provide empirical evidence regarding the effect of leverage, profitability and corporate governance structure on financial distress. In addition, this researcher also aims to determine whether liquidity can be used as a moderating variable in this model study. The population in this study are basic and chemical industrial companies listed on the Indonesia Stock Exchange from 2018 to 2020 with a total sample of 87 companies. Sampling using purposive sampling method and the type of data used in this study is secondary data. The data analysis technique uses panel data regression analysis and moderation test carried out with the help of Stata 15 software. The results of this study prove that leverage, profitability and corporate governance structure affect financial distress, liquidity cannot moderate the relationship between leverage and financial distress, but liquidity able to moderate the relationship between profitability and corporate governance structure on financial distress in basic and chemical industrial companies listed on the Indonesia Stock Exchange