CORPORATE GOVERNANCE STRUCTURE AND FINANCIAL DISTRESS (Study of Non-Financial Companies Listed on the Indonesian Stock Exchange for the Period 2012 – 2016)

Title: CORPORATE GOVERNANCE STRUCTURE AND FINANCIAL DISTRESS (Study of Non-Financial Companies Listed on the Indonesian Stock Exchange for the Period 2012 – 2016)

Author: RAHMASARI IBRAHIM

Item Type : Thesis (Thesis)

Affiliations: Master of Management Science Study Program, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia

Publisher: Universitas Airlangga

Abstract

This research aims to determine the influence of corporate governance structure, namely: managerial ownership, institutional ownership, independent commissioners, and size of the board of commissioners on financial distress. The research control variables are leverage and company size. The sample used was non-financial companies listed on the Indonesia Stock Exchange (BEI) for the period 2012 - 2016. This research used a purposive sampling method involving 637 observations using binary logistic regression analysis techniques. The research results show that institutional ownership and the size of the board of commissioners have a significant negative effect on financial distress, while managerial ownership and independent commissioners do not have a 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/