PENGARUH FINANCIAL INDICATORS DAN CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS
DOI:
https://doi.org/10.32670/fairvalue.v3i1.947Keywords:
Financial Distress, Corporate Governance, Firm Performance, Financial Laverage, Firm SizeAbstract
Financial distress occurs before a company actually goes bankrupt, due to the
inability to pay financial obligations that have matured. This study intends to
examine the effect of corporate governance and financial indicators which include
firm performance, financial leverage, firm size, and lagged financial distress on
financial distress. The sample was taken using a purposive technique from retail
trading companies that publish financial reports on the Indonesia Stock Exchange
(IDX) during the 2015-2019 period. A total of 85 data on retail trading companies
were obtained and then tested using logistic regression techniques. The results of
this study indicate that firm performance has a negative effect on financial distress.
Financial leverage and lagged financial distress have a positive effect on financial
distress. Firm size and corporate governance have no effect on financial distress.
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