Analisis Pengaruh Debt To Total Assets Ratio Dan Penerapan Mekanisme Corporate Governance Terhadap Kemungkinan Terjadinya Financial Distress
DOI:
https://doi.org/10.31328/cebi.v2i1.34Abstract
This study aims to determine the effect of debt to total assets ratio and corporate governance mechanism (proxied by the variabel size of the board of commissioners, proportion of independent commissioners, managerial ownership, and institutional ownership) on the possibility of financial distress in property and real estate companies listed on the Indonesia Stock Exchange in 2018-2020. The sampling technique in this study used purposive sampling. The research sample consisted of 78 companies classified as financial distress, gray area, and non-financial distress. The data analysis method used is ordinal logistic regression. The results of this study indicate that the debt to total assets ratio has an effect on the possibility of financial distress. Meanwhile, the size of the board of commissioners, the proportion of independent commissioners, managerial ownership, and institutional ownership have no effect on the possibility of financial distress.
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