PENGARUH CORPORATE GOVERNANCE DAN FIRM SIZE TERHADAP PERUSAHAAN YANG MENGALAMI KESULITAN KEUANGAN (FINANCIAL DISTRESS)
Abstract: This study aimed to
examine the effect of corporate governance and firm size for firms experiencing
financial distress at non-financial companies. corporate governance used in
this study is divided into five variables: the number of board of directors,
the number of independent board, institutional ownership, managerial ownership,
and the number of audit committee members. The other variable is firm size.
This study also uses the control variables of leverage and liquidity. This
study uses all firms are listed in the Indonesia Stock Exchange (IDX). The data
obtained from the annual report and the Indonesian Capital Market Directory
(ICMD) the period of 2009 to 2012. The data in 2009, 2010, and 2011 are used to
predict financial distress at 1 year after the year of 2010, 2011, and 2012.
The data were analyzed using logistic regression model. Results of this study
showed that the variables that significantly influence the company experiencing
financial distress only variable number of board of directors and the number of
audit committee members. While the number of independent board variables,
institutional ownership, managerial ownership and firm size do not have a
significant influence on companies experiencing financial distress.
Penulis: Dian Sastriana, Fuad
Fuad
Kode Jurnal: jpakuntansidd131088