Bader, Muchamad Abu
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PENGARUH KINERJA KEUANGAN DAN CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS Bader, Muchamad Abu; Damayanti, Cacik Rut
Jurnal Riset Keuangan dan Akuntansi Vol. 10 No. 1 (2024): Jurnal Riset Keuangan dan Akuntansi (JRKA)
Publisher : Program Studi Akuntansi, Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/jrka.v10i1.9519

Abstract

The purpose of this research is to examine and analyze the effect of financial performance and corporate governance on financial distress. Projected financial performance as a proxy for Current Ratio (CR), Debt Ratio (DR), Return On Assets (ROA) and corporate governance projected as a proxy for Independent Commissioners while financial distress is measured using the modified Altman Z- Score method for state-owned companies listed on the Stock Exchange Indonesiansecurities for the period 2018-2021. The number of samples used was 10 samples from 22 populations of BUMN companies listed on the Indonesia Stock Exchange which were selected using a purposive sampling method. Data processing method used multiple linear regression analysis. The partial results of the study show that current ratio has a significant effect on financial distress, debt ratio has a significant effect on financial distress. While, return on assets has no significant effect on financial distress and independent commissioners have significant effect on financial distress. Simultaneous test results: current ratio, debt ratio, return onassets and Independent commissioners have a significant effect on financial distress in state-owned companies listed on the IDX for the 2018- 2021 periodKeywords: Financial Performance, Corporate Governance, Financial distress