Made Dwi Maharani Putri, I Dewa Ayu Kristiantari, I Made Aditya Paramartha

PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, UKURAN PERUSAHAAN DAN OPERATING CAPACITY TERHADAP FINANCIAL DISTRESS

Introduction

Pengaruh kepemilikan manajerial, kepemilikan institusional, ukuran perusahaan dan operating capacity terhadap financial distress. Penelitian ini menguji pengaruh kepemilikan manajerial, institusional, ukuran perusahaan, dan operating capacity terhadap financial distress pada perusahaan makanan & minuman di IDX.

Abstract

This study is entitled The Effect of Managerial Ownership, Institutional Ownership, Company Size, and Operating capacity on Financial Distress. The formulation of the problem in this study is whether Managerial Ownership, Institutional Ownership, Company Size, and Operating Capacity affect Financial Distress. This study aims to examine the effect of Managerial Ownership, Institutional Ownership, Company Size, and Operating Capacity on Financial Distress. The sample of this study is a food and beverage sub-sector manufacturing company listed on the Indonesia Stock Exchange (IDX) for the period 2020-2022. Sampling in this study used purposive sampling technique and obtained 14 companies that met the criteria specified as samples... While the variables of Institutional Ownership and Company Size have no negative and insignificant effect on Financial Distress.

Review

This paper investigates the critical determinants of financial distress within the food and beverage manufacturing sector in Indonesia. Focusing on companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2022, the study aims to unravel the influence of managerial ownership, institutional ownership, company size, and operating capacity on a firm's financial health. Given the recent economic volatility and the strategic importance of the food and beverage industry, understanding these factors is highly relevant for policymakers, investors, and company management seeking to enhance stability and mitigate financial risks in a dynamic market environment. The research question and objectives are clearly articulated, establishing a foundational understanding of the study's scope and intent. Methodologically, the study employed a purposive sampling technique to select 14 companies that met specific criteria, although these criteria are not detailed in the abstract. The core objective was to examine the direct effects of the chosen independent variables on financial distress. Regarding the findings, the abstract explicitly states that "Institutional Ownership and Company Size have no negative and insignificant effect on Financial Distress." This phrasing suggests an absence of a statistically significant negative influence from these two variables. However, a significant limitation of the abstract is its failure to report the findings for the other two key independent variables, namely Managerial Ownership and Operating Capacity, which were also central to the study's stated aims. While the study addresses a pertinent topic and utilizes a specific industry and timeframe, the abstract itself suffers from a lack of complete reporting of its results. For an abstract to effectively summarize the research, it is crucial to present the findings for *all* tested hypotheses, clearly indicating the direction (positive/negative) and significance (significant/insignificant) of the effects. The current abstract only partially fulfills this requirement, leaving readers without a full understanding of the study's conclusions regarding managerial ownership and operating capacity. Future revisions should aim to provide a more comprehensive and unambiguous summary of all empirical results, ensuring that the abstract fully represents the contributions and outcomes of the research.

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