ANALISIS GOOD CORPORATE GOVERNANCE (DD), LEVERAGE (DER), DAN PROFITABILITAS (NPM) TERHADAP FINANCIAL DISTRESS (Pada Perusahaan BUMN yang terdaftar di Bursa Efek Indonesia Tahun 2016-2019)
Keywords:
Financial Distress, Good Corporate Governance, Leverage, ProfitabilityAbstract
This study aims to provide information to state-owned companies listed on the IDX on any factors that affect financial distress. The sample used in this study were 20 state-owned companies listed on the IDX in 2016-2019, with the sampling technique used was the saturated sampling method. The type of data used in this study is secondary data obtained from IDX. The analytical method used in this research is multiple linear regression analysis. Based on the results of the study, it is concluded that good corporate governance as measured by the board of directors has a significant positive effect, while leverage as measured by the dept to equity ratio and profitability as measured by net profit margin has a significant negative effect on financial distress.
References
Marota, R., Alipudin, A., & Maiyarash, A. (2019). Pengaruh Debt To Assets Ratio (Dar), Current Ratio (Cr) dan Corporate Governance dalam Memprediksi Financial Distress pada Perusahaan Bumn Sektor Non Keuangan yang Terdaftar di Bursa Efek Indonesia. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 4(2), 249-266.
Moch, R., Prihatni, R., & Buchdadi, A. D. (2019). The Effect of Liquidity, Profitability and Solvability to the Financial Distress of Manucatured Companies Listed on the Indonesia Stock Exchange (BEI) Period of Year 2015-2017. Academy of Accounting and Financial Studies Journal, 23(6), 1-16.
Plat, H.D dan M,B,Plat. 2002. Predicting Corporate Financial Distress: Releflection on Choice – Based Sample Bias. Journal of Economic and Finance 26. Summer. 184-199.
