The Effect of Corporate Governance on Financial Distress in Manufacturing Companies Listed on the Indonesia Stock Exchange 2016-2018

Nuriah B1034151014

Abstract


The Effect of Corporate Governance on Financial Distress in Manufacturing Companies Listed on the Indonesia Stock Exchange 2016-2018.

 

 

Nuriah

International Accounting

 

 

ABSTRACT

 

 

This study aims to examine the effect of corporate governance, namely the board of management, board of directors, independent commissioners and managerial ownership of the possibility of financial distress in manufacturing sector companies.

This study uses secondary data obtained from annual reports and financial statements of manufacturing companies for the period of 2016 to 2018 which are listed on the Indonesia Stock Exchange. The sampling technique uses purposive sampling method which produces a sample of 126 companies. Data analysis methods used are descriptive statistical analysis and logistic regression analysis.

The results of this study indicate that only the board of directors affect on financial distress while the board of management, independent commissioners and managerial ownership have no effect on financial distress. Another result is all variables simultaneously have no effect on financial distress.

 

Keywords: financial distress, board of management, board of directors, independent commissioners, managerial ownership.

 

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