scholarly journals The Influence of Financial Indicators, Corporate Governance and Macroeconomic Variables on Financial Distress

2021 ◽  
pp. 145
Author(s):  
Made Reina Candradewi ◽  
Henny Rahyuda
Keyword(s):  
Corporate Governance ◽  
Financial Distress ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Indicators ◽  
Leverage Ratio ◽  
Macroeconomic Variables ◽  
Final Sample ◽  
The Board Of Directors

This study aims to analyze the effect of financial indicators, corporate governance and macroeconomic variables on financial distress in manufacturing industry companies listed on the Indonesia Stock Exchange (IDX). This research is expected to provide solutions and insight to the companies in tackling financial distress. In addition, this research is expected to enrich knowledge about the influence of financial indicators, corporate governance, macroeconomic variables on financial distress. This research is conducted using a quantitative approach. The population in this study are all manufacturing industry companies listed on the Indonesia Stock Exchange in the period of 2016-2018. The sampling technique is purposive sampling method and the final sample in this study is 136 companies. The main findings of the study show that liquidity ratio has a negative and significant effect on financial distress, leverage ratio has a positive and significant effect on financial distress, activity ratio has a negative and significant effect on financial distress and the size of the board of directors has a negative and significant effect on financial distress.

scholarly journals PENGARUH CORPORATE GOVERNANCE DAN FIRM SIZE TERHADAP FINANCIAL DISTRESS (Studi pada Perusahaan Perbankan yang terdaftar di Bursa Efek Indonesia periode 2017-2019)

2021 ◽  
Vol 19 (1) ◽  
pp. 13
Author(s):  
Robi Ridhayatul Gaos ◽  
Rina Mudjiyanti
Keyword(s):  
Corporate Governance ◽  
Firm Size ◽  
Financial Distress ◽  
Audit Committee ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Distress Prediction ◽  
Analysis Technique ◽  
Study Results ◽  
The Board Of Directors

This study aims to find empirical evidence of the influence of corporate governance and firm size on financial distress. The sample used in this study is a banking company listed on the Indonesia Stock Exchange (BEI) for the 2017-2019 period. The sampling technique used was purposive sampling and obtained a sample of 40 samples that met the criteria. The data analysis technique used is multiple regression analysis. The financial distress criteria in this study measured using the Z-score in Altman's financial distress prediction model. Based on the study results, it can be concluded that managerial ownership, the board of commissioners, and the audit committee have no effect on financial distress, while the board of directors has a positive and significant effect on financial distress and firm size has a negative and significant effect on financial distress.

scholarly journals PERAN CORPORATE GOVERNANCE DALAM MENURUNKAN KEBANGKRUTAN PADA PERUSAHAAN DI INDONESIA

2017 ◽  
Vol 21 (3) ◽  
pp. 391
Author(s):  
Tasya Hilaliya ◽  
Farah Margaretha
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Financial Distress ◽  
Manufacturing Industry ◽  
Negative Impact ◽  
Stock Exchange ◽  
Z Score ◽  
Panel Data Regression ◽  
Data Regression ◽  
Governance Practices

This research examines the influence of Corporate Governance on Firm Performance measured by Tobin's Q and Financial Distress measured by Z-score. The samples used were 72 companies engaged in the manufacturing industry are listed on the Indonesia Stock Exchange (BEI) for five years from 2011 to 2015. The analytical methods used in this research is panel data regression, discriminant analysis, and logistic regression. The results showed that (I) there is no significant impact between corporate governance practices on firm performance. (2) there is negative impact between corporate governance practices on financial distress. Then, the companies need to increase corporate governance in order to avoid possibility of financial distress and for the investor before making an investment should consider the factors that affect the firm performance and financial distress

scholarly journals Pengaruh Financial Distress, Umur Perusahaan, dan Good Corporate Governance pada Kecepatan Publikasi Laporan Keuangan Tahunan

2019 ◽  
pp. 2010
Author(s):  
Arl Jonathan Paulalengan ◽  
Ni Made Dwi Ratnadi
Keyword(s):  
Corporate Governance ◽  
Financial Distress ◽  
Stock Exchange ◽  
Participant Observation ◽  
Sampling Technique ◽  
Financial Statements ◽  
Good Corporate Governance ◽  
Observation Methods ◽  
Food And Beverage ◽  
Negative Effect

The purpose of this study examines the effect of financial distress, company age, and good corporate governance on the speed of publication of annual financial statements. This research was focused in the food and beverage companies listed on Indonesia Stock Exchange (IDX). Samples are determined by non-probability sampling, purposive sampling technique. Sample criteria, the company reports its annual financial statements in a row from 2014 to 2017. The samples were 12 companies with four years of observation. Methods of collecting data with non-participant observation, accessing annual financial reports. The data analysis technique is multiple linear regression. Based on the results, found that financial distress had a negative effect on the speed of publication of annual financial statements. The age of the company does not affect the speed of publication of annual financial statements. Good corporate governance has a positive effect on the speed of publication of annual financial statements. Keywords: Publication, distress, good corporate governance, age

scholarly journals The Effect of Corporate Governance, Leverage, and Liquidity on Islamic Social Reporting (ISR) Disclosure in Islamic Commercial Banks in Indonesia

2018 ◽  
Vol 8 (2) ◽  
pp. 121
Author(s):  
Dinna Riyani
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Descriptive Analysis ◽  
Sampling Technique ◽  
Social Reporting ◽  
Analysis Method ◽  
Performance Reporting ◽  
Final Sample ◽  
The Board Of Directors ◽  
Islamic Financial Institutions

Islamic Social Reporting is the standard index of performance reporting in sharia-based companies. This index was born on the basis of reporting standards based on AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions). The objective of this research was to knowing the extent of Corporate Governance, leverage dan liquidity of Islamic Social Reporting Disclosure (ISR). The independent variables were used in this study is The Board of Comisionner, The Board of Directors, The Audit Comitte, Sharia Supervisory Boad, leverage and liquidity, while the dependent variable is the ISR disclosure. Samples were taken by using census sampling technique. The final sample as many as 12 islamic bank in Indonesia on 2012-2016. Data analysis method of the data used in this research is descriptive analysis, classical assumption test, and multiple linear regression using SPSS 23 for windows. The results of this study showed that The Board of Comisionner and liquidity has effect ISR disclosure. The Board of Directors, The Audit Comitte, Sharia Supervisory Boad, leverage does not affect the ISR disclosure.

scholarly journals KINERJA KEUANGAN DALAM MEMPREDIKSI FINANCIAL DISTRESS

2018 ◽  
Vol 11 (2) ◽  
pp. 42-48
Author(s):  
Nurhidayah Nurhidayah ◽  
Fitriyatur Rizqiyah
Keyword(s):  
Financial Distress ◽  
Manufacturing Industry ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Significant Variable ◽  
Net Profit ◽  
Food And Beverage ◽  
Study Population ◽  
Research Period

This study aims to determine the prediction of financial distress in the manufacturing industry sub-sector food and beverage listed on the Indonesia Stock Exchange. The research period is 2011-2015. In this study, using the indicator liquidity, profitability, inflation, and exchange rates. The study population includes all sub-sectors of food and beverages listed on the Indonesia Stock Exchange 2011-2015 period. The sample is determined by purposive sampling technique. Data analysis method used is logistic regression analysis. The results showed that the current ratio, return on investment and the net profit margin, and the inflation rate is the most significant variable in predicting financial distress, while the exchange rate is the only variable that was not significant in influencing financial distress.

scholarly journals Prediction modelling the financial distress using corporate governance indicators in Indonesia

2021 ◽  
Vol 10 (1) ◽  
pp. 18
Author(s):  
Irdha Yusra ◽  
Novyandri Taufik Bahtera
Keyword(s):  
Corporate Governance ◽  
Financial Distress ◽  
Audit Committee ◽  
Prediction Models ◽  
Stock Exchange ◽  
Governance Indicators ◽  
Financial Distress Prediction ◽  
Corporate Governance Mechanisms ◽  
Distress Prediction ◽  
The Board Of Directors

   We examine whether the indicators of company governance procedures are associated with the risk of bankruptcy or financial distress in Indonesia. An empirical study we conducted using a causal model of corporate governance indicators in forecasting financial distress. The data used in this study is panel data. Using samples from assembling companies registered on the Indonesia Stock Exchange during the 2017-2019 period, we obtained as many as 105 observations selected by the purposive sampling method. Our results indicate that financial distress can be predicted by corporate governance mechanisms, although statistically it is only proven by a few indicators in our study. Specifically, our results demonstrate that institutional ownership, managerial ownership, and independent commissioners do not affect financial distress. Furthermore, our study shows evidence of a significant influence between the size of the board of directors and audit committee on financial distress. Our interpretation is that research on financial distress prediction models using corporate governance indicators has provided empirical evidence. 

scholarly journals Pengaruh RGEC (Risk Profile, Good Corporate Governance Earning, Capital) terhadap Financel Distress

Owner ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 107-118
Author(s):  
Fikri Hakim Ermar ◽  
Suhono Suhono
Keyword(s):  
Corporate Governance ◽  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Risk Profile ◽  
Capital Adequacy ◽  
Return On Assets ◽  
Good Corporate Governance ◽  
Capital Adequacy Ratio ◽  
Sample Data

This study aims to determine the effect of RGEC (Risk Profile, Good Corporate Governance, Earnings and Capital) on Financial Distress in banks listed on The Indonesia Stock Exchange (IDX) for the period of 2016-2019. The sample data used is the result of the purposive sampling technique and the samples declared worthy to be utilized are 21 banks. During the study conducted, the method was adopted which is a method of logistic regression analysis using SPSS 25 program aid. The results of the research show that the variables that are known can affect the Financial Distress is Return On Asset affect negatively and significantly. Meanwhile, variables that do not affect Financial Distress are Non-Performing Loan (NPL), Loan to Deposit Ratio, Good Corporate Governance, and Capital Adequacy Ratio. Simultaneously Non Performing Loans, Loan to Deposit Ratio, Good Corporate Governance, Return on Assets and Capital Adequacy Ratio have a significant effect on Financial Distress.

Determinan Kinerja Keuangan Yang Ditinjau Dari Good Corporate Governance, Leverage dan Ukuran Perusahaan (Sub. Sector Perusahaan BUMN yang Terdaftar Di BEI tahun 2013-2018)

Owner ◽  
2020 ◽  
Vol 4 (2) ◽  
pp. 336
Author(s):  
Lola Dwi Antikasari ◽  
Rosa Nikmatul Fajri ◽  
Riana R Dewi
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Statements ◽  
Linear Regression Method ◽  
Good Corporate Governance ◽  
The Board Of Directors ◽  
Negative Effect ◽  
Positive Effect

Financial performance as a benchmark for the success of the company's work in a certain period. Financial performance is also used as a basis for determining the company's strategy in the future. The purpose of this study is to analyze the effect of good corporate governance (board size), leverage (DER) and company size on financial performance (ROA). This study uses a population of 120 data from SOE companies listed on the Indonesia Stock Exchange in 2013-2018. And produced a sample of 78 company data. The sampling technique uses purposive sampling. The research instrument in the form of documentation (taking company financial statements). Data analysis method used is multiple linear regression method. The results showed that the size of the board of directors had a positive effect on financial performance. The leverage variable has a negative effect on financial performance. While the size of the company has no effect on financial performance. The benefits of this study are as a reference for further research. Besides that, it can be used as a management guideline in analyzing the company's financial performance.

scholarly journals PENGARUH KINERJA KEUANGAN DAN MEKANISME CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2011-2014)

2018 ◽  
Vol 1 (1) ◽  
pp. 46-53
Author(s):  
Anis Mafiroh ◽  
Triyono Triyono
Keyword(s):  
Financial Distress ◽  
Audit Committee ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Statement ◽  
Manufacturing Companies ◽  
Leverage Ratio ◽  
Financial Difficulties ◽  
Profitability Ratios ◽  
A Company

Financial distress is the financial difficulties experienced by a company before the company become bankruptcy. The prediction of financial distress is necessary to anticipate a company into bankruptcy. While the company showed the signal will be bankruptcy, show the parties concerned such as managers, investors, and business owners will soon take a decision anticipated for bankcruptcy. Financial ratios in this study using indicators such as leverage ratio, liquidity ratios, activity ratios, profitability ratios, independent board and audit committee competence on a predicted occurrence of Financial distress.The population in this study was all manufacturing companies listed in Indonesia stock exchange and continuosly published financial statement in the periode 2011-2014. The sample is determined by purposive sampling technique and used of 79 companies as samples. This analysis used logistic regression analysis. The result of this research showed that the leverage ratio and the ratio of activity affect the prediction of the occurrence of financial distress, while liquidity ratios, profitability ratios, independent board, and the competence of the audit committee do not affect the prediction of financial distress.

scholarly journals ANALYSIS OF THE EFFECT OF FINANCIAL RATIO ON FINANCIAL DISTRESS CONDITIONS IN MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE

2021 ◽  
Vol 5 (2) ◽  
pp. 105-120
Author(s):  
Normiati Normiati ◽  
Diah Amalia
Keyword(s):  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Ratios ◽  
Manufacturing Companies ◽  
Financial Health ◽  
Analysis Model ◽  
Return On Assets ◽  
Financial Ratio ◽  
Leverage Ratio

This study aims to analyze any indicators in financial ratios that affect financial distress conditions. The data used are data on manufacturing companies in the Indonesia Stock Exchange (IDX) in 2012-2017, which are as many as 80 samples. Dependent financial distress variables are measured using the Altman analysis model (Z-Score). Independent variables are measured using the financial ratios indicator. This study uses a non-probability sampling technique that is purposive sampling. The data used is panel data, using Eviews 9. The results of this study show that the liquidity ratio measured by the current ratio and the leverage ratio measured by the debt asset ratio affect the condition of financial distress. While the profitability ratio measured by return on assets and sales growth does not affect the financial ratio. This research contributes to investors who can use this model, by including the financial ratios indicator, to assess the financial health of the company before making investment-related decisions.

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