Corporate governance effect on financial distress: evidence from Indonesian public listed companies | Zendy

Rahmasari Ibrahim | Zendy

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Corporate governance effect on financial distress: evidence from Indonesian public listed companies

Author(s) -

Rahmasari Ibrahim

Publication year - 2019

Publication title -

journal of economics business and accountancy ventura

Language(s) - English

Resource type - Journals

eISSN - 2088-785X

pISSN - 2087-3735

DOI - 10.14414/jebav.v21i3.1626

Subject(s) - nonprobability sampling , stock exchange , corporate governance , business , accounting , financial distress , sample (material) , logistic regression , distress , public ownership , finance , financial system , economics , psychology , medicine , market economy , population , chemistry , environmental health , chromatography , psychotherapist

The study aims to determine the effect of corporate governance structures: managerial ownership, institutional ownership, independent commissioners, board of commissioners’ size, and board of directors’ size on financial distress. It used the sample taken from non-financial companies listed on the Indonesia Stock Exchange (IDX) for period 2012-2016. This study used a purposive sampling method involving 605 observations using binary logistic regression analysis techniques. The results show that there are significant negative impact between institutional ownership, size of board of commissioners and directors on financial distress. However, the results confirm that managerial ownership and independent commissioners had no significant impact on financial distress

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