Pengaruh Good Corporate Governance, Sales Growth, Working Capital, dan Inflation terhadap Financial Distress
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Institusion
Sekolah Tinggi Ilmu Ekonomi Tri Bhakti
Author
Astuti, Lia
Subject
Akuntansi
Datestamp
2024-08-28 05:10:49
Abstract :
Purpose: This study aims to determine the influence of Good Corporate Governance, Sales Growth, Working Capital, and Inflation on Financial Distress. Design/Methodology/Approach: This study uses quantitative data, the sample in this study is 45 companies in the Consumer Non Cyclicals sector listed on the Indonesia Stock Exchange in the period 2013-2022. The analysis technique used to test the hypothesis is multiple linear regression analysis using Eviews9 software. Findings: The results of this study show that the Good Corporate Governance variable projected with Managerial Ownership has a positive effect and statistically has a significant effect on Financial Distress, the Good Corporate Governance variable projected with Institutional Ownership has a negative effect and statistically has a statistically insignificant effect on Financial Distress, the Good Corporate Governance variable projected with Independent Commissioners has a positive effect and statistically have a non-significant effect on Financial Distress, Good Corporate Governance projected with the Board of Directors has a negative effect and statistically have a non-significant effect on Financial Distress, Good Corporate Governance projected with the Audit Committee has a negative effect and statistically have an insignificant effect on Financial Distress. The Sales Growth variable has a positive and statistically significant effect on Financial Distress, the Working Capital variable has a positive effect and statistically has an insignificant effect on Financial Distress, the Inflation variable has a positive effect and statistically has a statistically insignificant effect on Financial Distress, and the Firm Size as variable control has a negative effect and statistically has a statistically significant effect on Financial Distress. Originality/value: This study discusses Financial Distress and other factors such as Good Corporate Governance, Sales Growth, Working Capital, and Inflation focusing on companies in the Consumer Non Cyclicals sector.
Purpose: This study aims to determine the influence of Good Corporate Governance, Sales Growth, Working Capital, and Inflation on Financial Distress. Design/Methodology/Approach: This study uses quantitative data, the sample in this study is 45 companies in the Consumer Non Cyclicals sector listed on the Indonesia Stock Exchange in the period 2013-2022. The analysis technique used to test the hypothesis is multiple linear regression analysis using Eviews9 software. Findings: The results of this study show that the Good Corporate Governance variable projected with Managerial Ownership has a positive effect and statistically has a significant effect on Financial Distress, the Good Corporate Governance variable projected with Institutional Ownership has a negative effect and statistically has a statistically insignificant effect on Financial Distress, the Good Corporate Governance variable projected with Independent Commissioners has a positive effect and statistically have a non-significant effect on Financial Distress, Good Corporate Governance projected with the Board of Directors has a negative effect and statistically have a non-significant effect on Financial Distress, Good Corporate Governance projected with the Audit Committee has a negative effect and statistically have an insignificant effect on Financial Distress. The Sales Growth variable has a positive and statistically significant effect on Financial Distress, the Working Capital variable has a positive effect and statistically has an insignificant effect on Financial Distress, the Inflation variable has a positive effect and statistically has a statistically insignificant effect on Financial Distress, and the Firm Size as variable control has a negative effect and statistically has a statistically significant effect on Financial Distress. Originality/value: This study discusses Financial Distress and other factors such as Good Corporate Governance, Sales Growth, Working Capital, and Inflation focusing on companies in the Consumer Non Cyclicals sector.
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