PENGARUH CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS

Andi, Kartika PENGARUH CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS. Publikasi Jurnal Ilmiah.

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Abstract

This study aims to test and find empirical evidence regarding the effect of corporate governance described by managerial ownership, institutional ownership, independent commissioners, audit committee on financial distress in manufacturing companies listed on the IDX for the 2017-2019 period. In this study, leverage, profitability and company size are used as control variables. The population in this study are all manufacturing companies listed on the Indonesia Stock Exchange (BEI) 2017-2019. In this study the sample was selected using purposive sampling method and obtained a sample of 361 companies. The analytical tool used in this research is logistic regression. The test results show that managerial ownership has no effect on financial distress. Meanwhile, institutional ownership has an effect on financial distress, independent commissioners have an effect on financial distress and the audit committee also has an effect on financial distress. Leverage as a control variable shows results that are not in accordance with its function, namely it does not affect financial distress, as well as the control variable company size which states results that are not in accordance with its function, namely it does not affect financial distress, in contrast to profitability as a control variable shows results in accordance with its function and affects financial distress. Keywords: company size; corporate governance; financial distress; leverage; profitability

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General)
Faculty / Institution:	Fakultas Ekonomika dan Bisnis
Depositing User:	Fakultas Ekonomi
Date Deposited:	08 Sep 2021 06:32
Last Modified:	09 Sep 2021 01:24
URI:	https://eprints.unisbank.ac.id/id/eprint/7951

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