Analisis Pengaruh Corporate Governance Terhadap Financial Distress Perusahaan Non Keuangan

Abstract

This study aims to examine the influence of corporate governance on financial distress non-financial companies listed on the IDX period 2010-2015. Corporate governance is proxied by the size of the board of commissioners, the proportion of independent board of commissioners, managerial ownership, institutional ownership, and the number of members of the audit committee. The data used are secondary data in the form of annual reports of non-financial companies in Indonesia. This research was conducted on 11 non-financial companies in Indonesia Stock Exchange. Sampling technique using purposive sampling and meet the criteria of the sample. This research was tested by multiple linear regression analysis. The result of this research is the disclosure of board of commissioner size, and audit committee has significant positive effect on financial distress, the proportion of independent board of commissioner, managerial ownership and institutional ownership have no significant effect on financial distress. This research is only limited to non-financial sector companies, so further research is suggested to use the company in all other sectors so it has more sample size.