The Influence of Financial Distress, Debt Default, and Company Growth on Going Concern Audit Opinion In Manufacturing Companies In The Textile and Garment
Keywords:
Financial Distress, Debt Default, Company Growth, Going Concern Audit OpinionAbstract
The background of this research entitled The Effect of Financial distress, Debt Default, and Company Growth on Going Concern Audit Opinions in Textile and Garment Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) is due to financial difficulties characterized by a decrease in profits, failure to pay off debts at maturity, and a fairly poor company growth rate from one year to the next. This study aims to determine the effect of financial distress, debt default, and company growth on going concern audit opinion in textile and garment sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2018-2021. This research method uses a quantitative approach that is associative in nature. The population in this study were textile and garment sub-sector manufacturing companies listed on the IDX in 2018-2021. The sample was determined using purposive sampling method and based on predetermined criteria. Then the number of samples used was 13 companies with a time period of 4 years so that the observation data in this study were 52 samples processed using SPSS 24. The data analysis technique used in this study is logistic regression analysis. The results showed that financial distress and company growth partially affect going concern audit opinion. Meanwhile, debt default partially has no effect on going concern audit opinion. Simultaneously, the variables of financial distress, debt default, and company growth affect going concern audit opinion.
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