PENGARUH AGENCY COST, CORPORATE GOVERNANCE DAN PROFITABILITAS TERHADAP FINANCIAL DISTRESS (Studi Empiris pada Perusahaan yang Terdaftar di BEI Periode 2011-2013)

Abstract

This study aimed to test empirically the effect of agency cost, insider ownership, blockholder ownership and profitability to the financial distress. The population used in this study are all companies listed on the Indonesia Stock Exchange (IDX) during the period 2011-2013. The sampling method is purposive sampling, with a sample of 14 companies (7 companies financial distress and 7 non-financial companies distress) during 3 years of observation. The hypothesis test using mutiple regression logistic.

The results of these studies show that the agency cost, blockholder ownership and profitability haven’t significantly influence financial distress. Meanwhile, insider ownership significantly influence financial distress

Keyword:   theory agency, agency cost, insider ownership, blockholder ownership, profitability, financial distress.