Pengaruh Mekanisme Corporate Governance Terhadap Financial Distress

Yosua, Ary Satria Pamungkas

Abstract


The purpose of this research is to analyze the effect of corporate governance mechanism on financial distress likelihood. This research using instituonal ownership, managerial ownership, independent commissioner, and board of directors size to explain corporporate governance mechanism. The population of this research are all firms listed in Indonesia Stock Exchange. Sample was selected using purposive sampling method amounted to 346 firms for 8 years from 2010-2017. Data processing techniques using STATA 14.2. Logistic regression was applied to test the hypothesis. The results of this study are institutional ownership, managerial ownership, and independent commissioner has no effect on financial distress likelihood. Board of directors size are found to have negative and significant impact toward financial distress likelihood.

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