ANALISIS PENGARUH PENERAPAN MEKANISME CORPORATE GOVERNANCE TERHADAP KEMUNGKINAN FINANCIAL DISTRESS (Studi Empiris Perusahaan Otomotif dan Komponen yang Terdaftar di Bursa Efek Indonesia Tahun 2013- 2016)
| Main Authors: | Kurnia, Widhi; Fakultas Ekonomi UNSA, Suradi, Suradi; Fakultas Ekonomi UNSA |
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| Format: | Article info eJournal |
| Bahasa: | eng |
| Terbitan: |
SMOOTING
, 2019
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| Subjects: | |
| Online Access: |
http://ejournal.unsa.ac.id/index.php/smooting/article/view/735 http://ejournal.unsa.ac.id/index.php/smooting/article/view/735/496 |
Daftar Isi:
- This study aims to analyze the influence of corporate governance mechanisms on the financial distress possibilities of a company. The indicators used to measure corporate governance mechanisms in this study are the size of the board of commissioners, the proportion of independent commissioners, managerial ownership, institutional ownership, and agency costs. While financial distress is a dependent variable that is measured using Altman z-score method. This study uses 6 companies listed on Indonesia Stock Exchange in the period 2013-2016. The method used to determine the research sample is purposive sampling and use multiple linear regression for the analysis. The results of the study indicate that 1) Partially the size of the board of commissioners, managerial ownership, and institutional ownership have a significant influence on financial distress, while the proportion of independent commissioners and agency costs has no influence on financial distress. 2) The size of the board of commissioners, the proportion of independent commissioners, managerial ownership, institutional ownership, and agency costs have no influence simultaneously on financial distress.