CORPORATE GOVERNANCE STRUCTURE AND FINANCIAL DISTRESS (Study on Non-Financial Companies Listed on the Indonesia Stock Exchange Period 2012

Amount: CORPORATE GOVERNANCE STRUCTURE AND FINANCIAL DISTRESS (Study on Non-Financial Companies Listed on the Indonesia Stock Exchange Period 2012 – 2016)

Author: RAHMASARI IBRAHIM

Item Type: Thesis

Memberships: Master of Management Science Study Program, Faculty of Economics and Business, Airlangga University, Surabaya, Indonesia

Publisher: Airlangga University

Abstract

This study aims to determine the effect of corporate governance structure, namely: managerial ownership, institutional ownership, independent commissioners, and the size of the board of commissioners on financial distress. The research control variables are leverage and firm size. The sample used is non-financial companies listed on the Indonesia Stock Exchange (IDX) for the period 2012 – 2016. This study uses a purposive sampling method involving 637 observations using binary logistic regression analysis techniques. The results showed that institutional ownership and the size of the board of commissioners had a significant negative effect on financial distress, while managerial ownership and independent commissioners had no significant effect on financial distress.

Keywords : corporate governance structure, managerial ownership, institutional ownership, independent commissioners, size of the board of commissioners, financial distress

sources: http://repository.unair.ac.id/87816/