The Effect of Corporate Governance on Financial Distress of Concentrated Ownership of Manufacturing Firms on Indonesia Stock Exchange

DOI

10.2991/aebmr.k.200520.075How to use a DOI?

Keywords

financial distress, concentrated ownership, corporate governance, return on asset, market price to book value, firm size and leverage

Abstract

This study aimed to determine the effect of corporate governance, return on asset, market prices to book value, firm size and leverage on financial distress of concentrated ownership of manufacturing firms in Indonesia stock exchange period 2016-2018. The population was 73 of the concentrated ownership of manufacturing firms. The sampling technique used was purposive sampling. Based on the sampling criteria, the number of samples selected was 16 companies. Analysis of the data used was multiple regression analysis. The findings of the study were that corporate governance and market prices to book value did not affect financial distress while return on assets, firm size and leverage affect the financial difficulties of concentrated ownership of manufacturing firms For further research, it is recommended to add other related variables to financial difficulties.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Taufik
AU  - Yuliani
AU  - Mohamad Adam
PY  - 2020
DA  - 2020/05/23
TI  - The Effect of Corporate Governance on Financial Distress of Concentrated Ownership of Manufacturing Firms on Indonesia Stock Exchange
BT  - Proceedings of the 5th Sriwijaya Economics, Accounting, and Business Conference (SEABC 2019)
PB  - Atlantis Press
SP  - 446
EP  - 453
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200520.075
DO  - 10.2991/aebmr.k.200520.075
ID  - 2020
ER  -