PENGARUH KEPUTUSAN INVESTASI, FREE CASH FLOW, DAN INTENSITAS ASET TERHADAP FINANCIAL DISTRESS: Studi Pada Perusahaan Manufaktur Di BEI Periode 2021-2024

Dela Novera Azzahra, . (2026) PENGARUH KEPUTUSAN INVESTASI, FREE CASH FLOW, DAN INTENSITAS ASET TERHADAP FINANCIAL DISTRESS: Studi Pada Perusahaan Manufaktur Di BEI Periode 2021-2024. Skripsi thesis, Universitas Pembangunan Nasional Veteran Jakarta.

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Abstract

This study examines the effect of investment decisions (AG), free cash flow (FCF), and capital intensity (CI) on Financial distress in manufacturing companies listed on the Indonesia Stock Exchange during 2021–2024. Panel data from 141 companies yielded 564 observations. Financial distress was measured using the Altman Z’-Score model. Multiple linear regression analysis with a Random Effect Model indicates that CI has a significant negative effect on Financial distress, while FCF has a significant positive effect. AG shows no significant impact. These results suggest that efficient asset utilization and investment management reduce the risk of Financial distress, whereas high free cash flow without proper oversight may increase it. The findings support the Agency Theory perspective on the importance of managerial monitoring in asset and cash allocation. The study implies that corporate management should optimize asset and cash management to minimize Financial distress risk.

Item Type: Thesis (Skripsi)
Additional Information: No Panggil: 2210112121 Pembimbing: Praptiningsih Penguji 1: Ferry Irawan Penguji 2: Rahmiyatus Syukra
Uncontrolled Keywords: Financial Distress, Investment Decisions, Free Cash Flow, Capital Intensity, Agency Theory
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Fakultas Ekonomi dan Bisnis > Program Studi Akuntansi (S1)
Depositing User: DELA NOVERA AZZAHRA
Date Deposited: 27 Mar 2026 04:34
Last Modified: 27 Mar 2026 04:34
URI: http://repository.upnvj.ac.id/id/eprint/41748

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