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Financial Distress: Profitability Ratios and Liquidity Ratios, with Financial Statement Fraud as Moderating

Economic Education Analysis Journal · Vol. 12 No. 2 (2023) · pp. 15–26

DOI
10.15294/eeaj.v12i2.67570
ISSN
2502-356X, 2252-6544
Published
2023-06-30
Publisher
Universitas Negeri Semarang
Language
eng

Abstract

The purpose of this study is to examine the effect of profitability ratios and liquidity ratios on financial distress, with fraudulent financial statements as a moderating variable. This research is quantitative research. The population of this study are agricultural companies listed on the Indonesia Stock Exchange for the period 2018-2021. The data collection method used purposive sampling technique and obtained a sample of 19 companies with 76 units of analysis. The secondary data used is the annual financial report which is downloaded through the IDX's official website. Analysis of research data using descriptive statistical analysis and Structural Equation Modeling-Partial Least Square (SEM-PLS) with the application tool WarpPLS 8.0. The results show that partially the profitability ratios have no effect on financial distress, liquidity ratios have a positive effect on financial distress, financial statement fraud has a negative effect on financial distress, fraud is not able to moderate the effect of profitability ratios on financial distress, and fraud is able to moderate the effect of liquidity ratios financial distress.

Collaboration network of the authors

39 authors · 107 co-authorship links · 41 across different organisations

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • State University of Semarang
  • Yogyakarta State University
  • Muhammadiyah University of Surakarta
  • Universitas 'Aisyiyah Yogyakarta
  • Universitas Ahmad Dahlan
  • Universitas Respati Yogyakarta
  • Can Tho University of Medicine and Pharmacy
  • Other organisations
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Neli PurwaniState University of Semarang2
İnsih WilujengYogyakarta State University2
Jumadi JumadiYogyakarta State University2
Heru KuswantoYogyakarta State University2
Heri RetnawatiYogyakarta State University1
Rully Charitas Indra PrahmanaUniversitas Ahmad Dahlan1
Diyah Candra AnitaUniversitas 'Aisyiyah Yogyakarta1
Adelia Rizky BriliantiUniversitas 'Aisyiyah Yogyakarta1
Sitti FadhillahUniversitas Respati Yogyakarta1
Wantonoro WantonoroUniversitas 'Aisyiyah Yogyakarta1
Tuan Van NguyenCan Tho University of Medicine and Pharmacy1
Tina ListiantiState University of Semarang1
Saringatun MudrikahState University of Semarang1
Lola Kurnia PitalokaState University of Semarang1
Sarah MumtazahState University of Semarang1
Dwi Milla MufidaAffiliation unknown1
Sri HandayaniState University of Semarang1
Hidayah HidayahState University of Semarang1
Kartika Novi RahmawatiState University of Semarang1
Jehan NatashaState University of Semarang1
Ayuning TyasState University of Semarang1
Margunani MargunaniState University of Semarang1
Hana Netti PurasaniState University of Semarang1
Wulan Suci RachmadaniState University of Semarang1
Susmy LianingsihState University of Semarang1
Ambarwati AmbarwatiMuhammadiyah University of Surakarta1
Rezania AsyfiradayatiMuhammadiyah University of Surakarta1
Firmansyah FirmansyahMuhammadiyah University of Surakarta1
Junisa KumalaMuhammadiyah University of Surakarta1
Rita Aprilia WidyasariMuhammadiyah University of Surakarta1
Wiwik Novia WatiMuhammadiyah University of Surakarta1
Jenita Berlian NindyasariMuhammadiyah University of Surakarta1
Siti Rohana Mohd YatimUniversiti Teknologi MARA1
Mundilarto MundilartoYogyakarta State University1
Yeni Ristya WardaniYogyakarta State University1
Nurul Fitriyah SulaemanMulawarman University1
Dwi Ulan RahmawatiYogyakarta State University1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/sju/index.php/eeaj/oai, first harvested 5 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en-US">Financial Distress: Profitability Ratios and Liquidity Ratios, with Financial Statement Fraud as Moderating</dc:title>
	<dc:creator>Wisnu, Fajar</dc:creator>
	<dc:creator>Astuti, Dwi Puji</dc:creator>
	<dc:description xml:lang="en-US">The purpose of this study is to examine the effect of profitability ratios and liquidity ratios on financial distress, with fraudulent financial statements as a moderating variable. This research is quantitative research. The population of this study are agricultural companies listed on the Indonesia Stock Exchange for the period 2018-2021. The data collection method used purposive sampling technique and obtained a sample of 19 companies with 76 units of analysis. The secondary data used is the annual financial report which is downloaded through the IDX's official website. Analysis of research data using descriptive statistical analysis and Structural Equation Modeling-Partial Least Square (SEM-PLS) with the application tool WarpPLS 8.0. The results show that partially the profitability ratios have no effect on financial distress, liquidity ratios have a positive effect on financial distress, financial statement fraud has a negative effect on financial distress, fraud is not able to moderate the effect of profitability ratios on financial distress, and fraud is able to moderate the effect of liquidity ratios financial distress.</dc:description>
	<dc:publisher xml:lang="en-US">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2023-06-30</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
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	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/sju/eeaj/article/view/67570</dc:identifier>
	<dc:identifier>10.15294/eeaj.v12i2.67570</dc:identifier>
	<dc:source xml:lang="en-US">Economic Education Analysis Journal; Vol 12 No 2 (2023): Economic Education Analysis Journal; 15-26</dc:source>
	<dc:source>2502-356X</dc:source>
	<dc:source>2252-6544</dc:source>
	<dc:source>10.15294/eeaj.v12i2</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/sju/eeaj/article/view/67570/24558</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2023 Economic Education Analysis Journal</dc:rights>
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