How Corporate Governance protects Indonesian Companies From Financial Distress
This research aimed to determine the influence of corporate governance which is proxied by the Independent Board of Commissioners, Board of Directors, Institutional ownership, and Financial Performance which is proxied by Return on Assets (ROA), Current Ratio (CR), Debt Ratio (DR) on Financial Distr...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Department of Business Administration, Diponegoro University
2021-03-01
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| Series: | Jurnal Administrasi Bisnis |
| Subjects: | |
| Online Access: | https://ejournal.undip.ac.id/index.php/janis/article/view/33523 |
| _version_ | 1828229985742094336 |
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| author | Novin Lesmana Cacik Rut Damayanti |
| author_facet | Novin Lesmana Cacik Rut Damayanti |
| author_sort | Novin Lesmana |
| collection | DOAJ |
| description | This research aimed to determine the influence of corporate governance which is proxied by the Independent Board of Commissioners, Board of Directors, Institutional ownership, and Financial Performance which is proxied by Return on Assets (ROA), Current Ratio (CR), Debt Ratio (DR) on Financial Distress as measured by Z-score. The importance of implementing corporate governance and corporate financial performance will help predict financial distress in company. This research is conducted in property, real estate and buiding construction sector listed in Indonesia Stock Exchange during the periods 2016-2018. The type of this reasearch is explanatory research, using a quantitative approach. This research was conducted on 17 samples of property, real estate and buiding construction companies listed in Indonesia Stock Exchange during the periods 2016-2018. Samples were obtained through purposive sampling method. The analysis technique is used multiple linier regression. The results show that Return on Assets, Current Ratio, Debt Ratio variables have a significant influence on financial distress. Variables Independent Board of Commissioners, Board of Directors, Institutional Ownership did not partially have a significant influence on financial distress. |
| first_indexed | 2024-04-12T18:41:30Z |
| format | Article |
| id | doaj.art-649b3532c5c84c2d82ef4528af88a298 |
| institution | Directory Open Access Journal |
| issn | 2252-3294 2548-4923 |
| language | English |
| last_indexed | 2024-04-12T18:41:30Z |
| publishDate | 2021-03-01 |
| publisher | Department of Business Administration, Diponegoro University |
| record_format | Article |
| series | Jurnal Administrasi Bisnis |
| spelling | doaj.art-649b3532c5c84c2d82ef4528af88a2982022-12-22T03:20:45ZengDepartment of Business Administration, Diponegoro UniversityJurnal Administrasi Bisnis2252-32942548-49232021-03-01101132210.14710/jab.v10i1.3352318250How Corporate Governance protects Indonesian Companies From Financial DistressNovin Lesmana0Cacik Rut Damayanti1https://orcid.org/0000-0002-2349-4029Faculty of Administrative Science, Universitas Brawijaya, IndonesiaDepartment of Business Administration, Universitas Brawijaya, IndonesiaThis research aimed to determine the influence of corporate governance which is proxied by the Independent Board of Commissioners, Board of Directors, Institutional ownership, and Financial Performance which is proxied by Return on Assets (ROA), Current Ratio (CR), Debt Ratio (DR) on Financial Distress as measured by Z-score. The importance of implementing corporate governance and corporate financial performance will help predict financial distress in company. This research is conducted in property, real estate and buiding construction sector listed in Indonesia Stock Exchange during the periods 2016-2018. The type of this reasearch is explanatory research, using a quantitative approach. This research was conducted on 17 samples of property, real estate and buiding construction companies listed in Indonesia Stock Exchange during the periods 2016-2018. Samples were obtained through purposive sampling method. The analysis technique is used multiple linier regression. The results show that Return on Assets, Current Ratio, Debt Ratio variables have a significant influence on financial distress. Variables Independent Board of Commissioners, Board of Directors, Institutional Ownership did not partially have a significant influence on financial distress.https://ejournal.undip.ac.id/index.php/janis/article/view/33523corporate governancefinancial performancefinancial distress |
| spellingShingle | Novin Lesmana Cacik Rut Damayanti How Corporate Governance protects Indonesian Companies From Financial Distress Jurnal Administrasi Bisnis corporate governance financial performance financial distress |
| title | How Corporate Governance protects Indonesian Companies From Financial Distress |
| title_full | How Corporate Governance protects Indonesian Companies From Financial Distress |
| title_fullStr | How Corporate Governance protects Indonesian Companies From Financial Distress |
| title_full_unstemmed | How Corporate Governance protects Indonesian Companies From Financial Distress |
| title_short | How Corporate Governance protects Indonesian Companies From Financial Distress |
| title_sort | how corporate governance protects indonesian companies from financial distress |
| topic | corporate governance financial performance financial distress |
| url | https://ejournal.undip.ac.id/index.php/janis/article/view/33523 |
| work_keys_str_mv | AT novinlesmana howcorporategovernanceprotectsindonesiancompaniesfromfinancialdistress AT cacikrutdamayanti howcorporategovernanceprotectsindonesiancompaniesfromfinancialdistress |