Pengaruh Good Corporate Governance Dan Financial Indicators Terhadap Financial Distress

Widi Ayu Yulianingrat, Siska Priyandani Yudowati

Abstract

ABSTRAK
Tujuan dari penelitian ini adalah untuk menguji pengaruh kepemilikan institusional, kepemilikan
manajerial, dewan komisaris independen dan leverage terhadap Financial Distress. Variabel dependen
adalah Financial Distress yang diproksikan dengan Springate S-score. Variabel independen adalah
Kepemmilikan Institusional, kepemilikan manajerial, dewan komisaris independen, dan leverage.
Pengambilan sampel dalam penelitian ini menggunakan metode purposive sampling. Dari metode
tersebut diperoleh 12 perusahaan pertambangan. Penelitian ini menggunakan data sekunder dari laporan
tahunan perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia pada tahun 2015-2018. Model
analisis yang digunakan adalah analisis statistik descriptif, uji asumsi klasik, analisis regresi data panel,
pengujian simultan dibuktikan dengan uji F dan pengujian parsial dengan uji t.
Hasil Penelitian ini menunjukkan bahwa secara simultan kepemilikan institusional, kepemilikan
manajerial, dewan komisaris independen dan leverage berpengaruh signifikan terhadap financial distress.
Secara parsial leverage berpengaruh dan mempunyai arah negative terhadap financial distress.
Kata Kunci: Kepemilikan Institusional, Kepemilikan Manajerial, Dewan Komisaris Independen, Leverage
dan Financial Distress
ABSTRACT
The purpose of this study is to discuss institutional ownership, managerial ownership, independent
board of commissioners and leverage on Financial Distress. The dependent variable is Financial Distress
which is proxied by the Springate S-score. Independent variables are Institutional Ownership, Managerial
Ownership, Independent Board of Commissioners, and Leverage.
Sampling in this study using purposive sampling method. From this method obtained 12 mining
companies. This study uses secondary data from annual reports of companies listed on the Indonesia Stock
Exchange in 2015-2018. The analytical model used is descriptive statistical analysis, classic assumption
test, panel regression analysis, simultaneous testing is proven by the F test and partial testing by t test.
The results of this study indicate that simultaneous institutional ownership, managerial ownership,
independent board of commissioners and leverage significantly influence financial difficulties. Partial leverage and negative direction of financial difficulties.
Keywords: Institutional Ownership, Managerial Ownership, Independent Board of Commissioners,
Leverage and Financial Distress

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