Article2013

ANALISIS PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS

Arieany Widya Deviacita · Tarmizi Achmad

24 citations0/0 files storedDJA (Diponegoro Journal of Accounting)

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Corporate Finance and Governance Financial Distress and Bankruptcy Prediction Corporate Governance and Financial Management

Abstract

The purpose of this study was to analyze the influence of corporate governance mechanism on financial distress. Corporate governance mechanism in this study include the ownership structure, board size, independent board, board activity, and the audit committee expertise. This study used 141 sample companies consist of 34 financially distressed firms and 107 non financially distressed firms. Data obtained by using a purposive sampling method of manufacturing companies which were listed on Indonesia Stock Exchange (IDX) during 2006-2010. The financial distress criteria in this study were measured by using Z-score on financial distress prediction models of Altman (1968). The data has analyzed by using multiple regression method. The results showed that directors ownership, institutional ownership, and audit committee expertise has negatively affected financial distress, while this study failed to prove the influence of board size, independent board, and board activity on financial distress.

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References

1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY 1985Positive Accounting Theory 1999Financial Accounting Theory 2007Financial statement analysis 2006The effect of audit committee performance on earnings quality 2007Audit firm tenure and financial restatements: An analysis of industry specialization and fee effects 2006Mekanisme corporate governance, kualitas laba dan nilai perusahaan 2003Analisis Rasio Keuangan untuk Memprediksi Kondisi Financial Distress Perusahaan Manufaktur yang Terdaftar di Bursa Efek Jakarta

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2016STRUKTUR MODAL, GOOD CORPORATE GOVERNANCE DAN KUALITAS LABA

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