Financial Ratio, Board Diversity and Financial Distress: Evidence from Indonesia
- 10.2991/978-94-6463-154-8_27How to use a DOI?
- Financial distress; independent commissioners; profitability; liquidity; solvency; institutional ownership and managerial ownership
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.
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Cite this article
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 -