Corporate Governance dan Kesulitan Keuangan: Perspektif di Indonesia.

Sumayyah Sumayyah, David Sulistiyantoro

Abstract


The aims of this study is to get empirical evidence regarding corporate governance on the financial distress of firms listed in  Indonesia Stock Exchange (IDX). The sample used was 1527 public firms listed in the Indonesia Stock Exchange from 2018 until 2020. The data analysis technique used is multiple linear regression analysis using eviews statistic. The results show that three proxies of corporate governance have a positive effect and the other three have a negative effect on the financial distress. Three proxies that have a positive effect on financial distress is family ownership, institutional ownership and board independence. Three proxies that have a negative effect on financial distress is foreign ownership, public ownership and board size. This srtudy is expected to describe the mechanism of corporate governance, especially companies experiencing financial distress in the midst of the Covid-19 pandemic and economic instability in Indonesia so as to increase shareholder value.

 

 


Keywords


corporate governance; family ownership; institutional ownership; board independence; foreign ownership; public ownership; board size

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DOI: https://doi.org/10.35591/wahana.v25i2.397

Wahana: Jurnal Ekonomi, Manajemen dan Akuntansi
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