Pengaruh Corporate Governance, Rasio Keuangan, Ukuran Perusahaan dan Makroekonomi Terhadap Financial Distress (Studi pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahu 2012-2016)
Abstract: Financial distress
that happens continuously will make the company went bankrupt. This study aims
to determine the factors that affect the financial distress companies in the
Indonesian mining sector. This study uses corporate governance (board of
commissioners, managerial ownership, institutional ownership, audit committee,
and independent commissioner, financial ratios (profitability, leverage,
liquidity and efficiency), firm size (Ln total assets) and macroeconomic
(inflation and interest rate) to predict the companys financial distress condition.
The sample of this research is 17 Indonesian mining sector companies selected
using purposive sampling. This study uses data in the period 2012-2016. Data
analysis technique used is logistic regression. The results show that
profitability (return on assets) and efficiency (asset turnover) negatively
affect on financial distress and other variables of board of commissioners,
managerial ownership, institutional ownership, audit committee, independent
commissioner, leverage, liquidity, firm size, inflation and interest does not
affect on financial distress. Therefore, the mining sector companies are
expected to pay attention to increase the value of return on assets and asset
turnover so that companies can avoid financial distress.
Keywords: financial distress,
corporate governance, financial ratio, firm size, macroeconomic
Penulis: ALFIAH KURNIASANTI,
MUSDHOLIFAH
Kode Jurnal: jpmanajemendd180496
