Studi Akuntansi dan Keuangan Indonesia (SAKI)
Vol 8 No 2 (2025): Studi Akuntansi dan Keuangan Indonesia (SAKI) - In Progress

Stock Return Volatility and Financial Distress: Ownership Effects

Navandra, Affan Fardan (Unknown)
Setiawan, Rahmat (Unknown)



Article Info

Publish Date
28 Jan 2026

Abstract

This study aims to analyze the effect of stock return volatility on financial distress moderated by corporate ownership structure. The study uses data from 1,007 observations involving six regression models that include various independent variables, including total asset turnover, net profit margin, profitability, audited firm, as well as moderating variables such as state ownership, foreign ownership, institutional ownership, and blockholders ownership. The results showed that stock return volatility has a positive significant effect on financial distress. Moderating variables provide mixed results, where state, foreign, and blockholders strengthen the positive relationship between stock return volatility and financial distress, while institutional ownership has a weakening effect. This study provides implications for corporate management in mitigating financial risk by ownership structure as part of the corporate governance strategy.

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Journal Info

Abbrev

saki

Publisher

Subject

Economics, Econometrics & Finance

Description

SAKI aims to publish articles in the field of accounting and finance that provide a significant contribution to the development of accounting practices and the accounting profession in Indonesia and the Asian region. SAKI provides insights into the field of accounting and finance for academics, ...