THE INFLUENCE OF FINANCIAL DISTRESS, EARNING MANAGEMENT AND SALES GROWTH ON FIRM VALUE (Study on Textile & Garment Companies Listed on the IDX in 2019-2023)

Abstract

This study aims to obtain empirical evidence regarding the effect of financial distress, earning management, and sales growth on firm value. This research is a quantitative research with secondary data. The population of this study includes textile and garment companies listed on the IDX in 2019-2023. The sample was determined using purposive sampling method, so that 70 data were obtained as samples. This study uses multiple linear regression analysis techniques. The results showed that simultaneously or together the variables of financial distress, earning management, and sales growth had an effect on firm value. While partially showing financial distress has no effect on firm value. Earning management has a significant negative effect on firm value. Meanwhile, sales growth has no effect on firm value.