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

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Does Board Diversity and Financial Ratio Predict the Risk of Financial Distress?? Evidence from Indonesia

Authors
Nurcahyono Nurcahyono1, *, Ayu Noviani Hanum1, Andwiani Sinarasri1
1Department of Accounting, Universitas Muhammdiyah Semarang, 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_29How to use a DOI?
Keywords
Financial Distress; Board diversity; Profitabilitas and Leverage
Abstract

COVID-19 caused the world financial crisis, as evidenced by the number of companies experiencing financial distress. This study aims to identify companies in the transportation sector experiencing the financial distress by using internal and external financial ratios and board diversity predictors. The research method used is a positivist paradigm with a comparative causal approach. Research focuses on transportation sector companies with 27 companies, five years of observation with 137 units of analysis, with a purposive sampling technique. The results showed that independent commissioners did not affect financial distress. Managerial ownership and gender diversity can reduce the risk of financial distress. Profitability and leverage have a positive effect 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_29
ISSN
2352-5428
DOI
10.2991/978-94-6463-154-8_29How 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  - Nurcahyono Nurcahyono
AU  - Ayu Noviani Hanum
AU  - Andwiani Sinarasri
PY  - 2023
DA  - 2023/05/22
TI  - Does Board Diversity and Financial Ratio Predict the Risk of Financial Distress?? Evidence from Indonesia
BT  - Proceedings of the International Conference on Business, Accounting, Banking, and Economics (ICBABE 2022)
PB  - Atlantis Press
SP  - 337
EP  - 348
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-154-8_29
DO  - 10.2991/978-94-6463-154-8_29
ID  - Nurcahyono2023
ER  -