Analisis Pengaruh Karakteristik Good Corporate Governance terhadap Kemungkinan Financial Distress (Studi Empiris pada Perusahaan Manufacture yang Listing di BEI 2011-2014)

Abstract

This study aims to examine the impact of Characteristics Good Corporate Governance on financial distress. The Good Corporate Governance in this study using the indicators of the board size, audit committee, ownership structure, independent of Commissioner, board of Commissioner.The population in this study uses all of the manufacturing companies listed in Indonesia Stock Exchange (IDX) that is continuously published financial statement in the periods 2011-2014. Based on purposive sampling method, samples obtained are 88 companies in the year 2011-2014 that consistently listed in IDX in the year 2011-2014 and has all the information needed in this study, so that obtained 352 observations data. The data of this study were analyzed using logistic regression model. The criteria of financial distress in this study were measured by using Net Income. The result of this study research showed that GCG that using indicators board size, audit committee, independent of directors have significant effect on the financial distress condition. While the ownership structure, board of Commissioner do not have a significant effect on the financial distress condition.