ANALISIS PENGARUH PENERAPAN MEKANISME CORPORATE GOVERNANCE TERHADAP KEMUNGKINAN PERUSAHAAN MENGALAMI KONDISI FINANCIAL DISTRESS (Studi Empiris Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2012)
Abstract: The purpose of this
study was to examine the effect of corporate governance mechanisms on the
likelihood of a company experiencing financial distress. Indicators used to
measure corporate governance mechanism in this study is the size of the board
of commissioners, proportion of independent commissioners board, managerial
ownership, institutional ownership, and managerial agency costs. While
financial distress as the dependent variable was measured using the Altman Z
-score
This study uses secondary data to the entire population of companies
listed in Indonesia Stock Exchange ( IDX ) 2010-2012. The method used to
determine the sample using purposive sampling. The analytical method used is
the ordinal logistic regression.
Results of hypothesis testing showed that the size of the board of
commissioners, institutional ownership, and agency costs have no significant
effect on the likelihood of financial distress. While the proportion of
independent commissioners and managerial ownership significantly affect the
likelihood of financial distress.
Penulis: Andhika Yudha, Fuad
Kode Jurnal: jpakuntansidd140909
