The Role of Financial Distress on Company Life Cycle and Stock Return

This study aims to see how the company life cycle affects stock returns with financial distress as a moderating variable in companies listed on Indonesia Stock Exchange between 2017 and 2021. Purposive sampling was used obtain sample of 71 companies. A panel regression analysis fixed effect model for analysis. The study's findings show that decline stage company's hurts returns, whereas introduction, growth, maturity stages do not affect returns. Financial can mitigate impact However, it needs