Does Board Diversity and Financial Ratio Predict the Risk of Financial Distress?? Evidence from Indonesia
- 10.2991/978-94-6463-154-8_29How to use a DOI?
- Financial Distress; Board diversity; Profitabilitas and Leverage
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.
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Cite this article
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 -