PENGARUH UKURAN DEWAN DIREKSI DAN UKURAN DEWAN KOMISARIS TERHADAP FINANCIAL DISTRESS

WIDODO, RANANTO (2017) PENGARUH UKURAN DEWAN DIREKSI DAN UKURAN DEWAN KOMISARIS TERHADAP FINANCIAL DISTRESS. S1 thesis, Universitas Negeri Jakarta.

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Abstract

RANANTO WIDODO. The Influence Size of the Board of directors and Size of the Board of Commissioner on Financial Distress on company public (non – financial) which listed in Indonesia Stock Exchange (BEI) period 2011-2014, Faculty of Economics, State University Of Jakarta. 2017. This study aimed to examine the effect of variable size of the board of directors, and the board of comisioner to financial distress. This study uses three control variables that is the size firms, VaR, and sales growth. The population in this research were 451 non-financial companies listed on the Indonesia Stock Exchange in 2011-2014. Based on random sampling /method, the number of companies sampled this study are as many as 21companies experiencing financial distress and 21 companies were not experiencing financial distress with a 4-year observation. Total sample was 84 annual reports on companies experiencing financial distress. Criteria for financial distress in this study was measured using the interest coverage ratio (operating profit/interest expense), when value interest coverage ratio less than one value , so company would be considered are experiencing financial distress .Data analysis using logistic regression with the help of software E-views 9.0 and SPSS 23. These results indicate that the size of the board of commissioners significant negative effect on financial distress, and the size of the board of directors and no significant positive effect on the financial distress. While on the control variables shows that there is only one significant effect on the financial distress variable VaR, and the control variables others indicate that there is no significant effect between firms size, and sales growth to financial distress at the company's non-financial listed on the Indonesia Stock Exchange (BEI ) the period of 2011-2014. Keywords: financial distres, size of the board of commissioner, the size of the board of directors, firms size, VaR, sales growth, interest coverage ratio.

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