Electronic Theses and Dissertation

ABSTRAK
Penelitianِiniِbertujuanِuntukِmenganalisisِpengaruhِprofitabilitas,ِukuranِdewan,ِ
danِwomen on boardsِterhadapِfinancial distressِpadaِperusahaanِsektorِpropertiِ
danِrealِestateِyangِtercatatِdiِBursaِEfekِIndonesia.ِPopulasiِpenelitianِterdiriِdariِ
95ِperusahaanِsektorِpropertiِdanِrealِestateِyangِtercatatِdiِBursaِEfekِIndonesiaِ
selamaِperiodeِ2020–2024,ِdenganِsampelِawalِ47ِperusahaanِyangِdipilihِmelaluiِ
purposive sampling.ِSetelahِujiِoutlierِmenggunakanِmetodeِz-score,ِsampelِakhirِ
menjadiِ37ِperusahaan.ِPenelitianِiniِmenggunakanِpendekatanِkuantitatifِdenganِ
metodeِanalisisِregresiِdataِpanelِmenggunakanِFixed Effect Modelِ(FEM)ِdenganِ
Whiteِ cross-sectionِ standardِ error,ِ sertaِ memanfaatkanِ dataِ sekunderِ yangِ
diperolehِdariِlaporanِkeuanganِtahunanِperusahaan.ِ Pengolahanِdataِdilakukanِ
menggunakanِ EViewsِ 13.ِ Hasilِ penelitianِ menunjukkanِ bahwaِ profitabilitasِ
berpengaruhِ negatifِ signifikanِ terhadapِ financial distress,ِ ukuranِ dewanِ tidakِ
berpengaruhِ signifikanِ terhadapِ financial distress,ِ danِ women on boardsِ
berpengaruhِ negatifِ signifikanِ terhadapِ financial distress.ِ Secaraِ simultan,ِ
profitabilitas,ِ ukuranِ dewan,ِ danِ women on boardsِ berpengaruhِ signifikanِ
terhadapِ financial distress.ِ Hasilِ penelitianِ iniِ menunjukkanِ bahwaِ kinerjaِ
keuanganِsertaِpenerapanِtataِkelolaِperusahaanِyangِbaikِberperanِpentingِdalamِ
meminimalkanِrisikoِfinancial distressِpadaِperusahaan.
Kata kunci: Profitabilitas, Ukuran dewan, Women on boards, Financial distress.

ABSTRACT This research aims to analyze the effect of profitability, board size, and women on boards on financial distress in properti and real estate companies listed on the Indonesia Stock Exchange. The study population consisted of 95 properti and real estate companies listed on the Indonesia Stock Exchange during the 2020–2024 period, with an initial sample of 47 companies selected through purposive sampling. After outlier testing using the z-score method, the final sample was 37 companies. This study uses a quantitative approach with a panel data regression analysis method using the Fixed Effect Model (FEM) with White cross-section standard error, and utilizes secondary data obtained from the company's annual financial reports. Data processing was carried out using EViews 13. The results showed that profitability had a significant negative effect on financial distress, board size had no significant effect on financial distress, and women on boards had a significant negative effect on financial distress. Simultaneously, profitability, board size, and women on boards had a significant effect on financial distress. The results of this study indicate that financial performance and the implementation of good corporate governance play an important role in minimizing the risk of financial distress in companies. Keywords: Profitability, Board size, Women on boards, Financial distress