Proceedings of the International Conference on Business, Accounting, Banking, and Economics (ICBABE 2022)

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Financial Ratio, Board Diversity and Financial Distress: Evidence from Indonesia

Authors
Rifza Fizabaniyah1, Nurcahyono Nurcahyono1, *, Angelina Dwi Astuti Argojuwono2, Retno Indah Hernawati2
1Department of Accounting, Universitas Muhammadiyah Semarang, Semarang, Indonesia
2Department of Accounting, Universitas Dian Nuswantoro, Semarang, Indonesia
*Corresponding author. Email: nurcahyo@unimus.ac.id
Corresponding Author
Nurcahyono Nurcahyono
Available Online 22 May 2023.
DOI
10.2991/978-94-6463-154-8_27How to use a DOI?
Keywords
Financial distress; independent commissioners; profitability; liquidity; solvency; institutional ownership and managerial ownership
Abstract

The goal of starting a business is to be able to maximize the wealth of the shareholders as well as the value of an institution. A company’s financial condition is critical to be appropriately managed because if the company experiences economic instability, the company will experience difficulties resulting in bankruptcy. This study aimed to identify manufacturing sector companies participating in financial distress predictors of independent commissioners, solvency, profitability, liquidity, institutional ownership and managerial ownership. The method used is a quantitative descriptive method. The population for this research is manufacturing sector companies listed on the IDX for 2020–2021. The purposive sampling technique is the technique used in sampling in this study. The results of this study indicate that the independent board of commissioners, profitability, liquidity, institutional ownership structure and managerial ownership structure have a negative effect on financial distress. In contrast, solvency has no positive impact on financial distress.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Business, Accounting, Banking, and Economics (ICBABE 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
22 May 2023
ISBN
10.2991/978-94-6463-154-8_27
ISSN
2352-5428
DOI
10.2991/978-94-6463-154-8_27How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Rifza Fizabaniyah
AU  - Nurcahyono Nurcahyono
AU  - Angelina Dwi Astuti Argojuwono
AU  - Retno Indah Hernawati
PY  - 2023
DA  - 2023/05/22
TI  - Financial Ratio, Board Diversity and Financial Distress: Evidence from Indonesia
BT  - Proceedings of the International Conference on Business, Accounting, Banking, and Economics (ICBABE 2022)
PB  - Atlantis Press
SP  - 307
EP  - 320
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-154-8_27
DO  - 10.2991/978-94-6463-154-8_27
ID  - Fizabaniyah2023
ER  -