Abstract :
This study aims to analyze the influence of the board of directors,
independent commissaries, institutional ownership, liquidity on financial distress.
In this study there are 5 variables used, namely financial distress as the dependent
variable while the board of directors, independent commissary, institutional
ownership, liquidity as independent variables.
The population used in this study is a consumer goods manufacturing
sector listed on the Indonesian Stock Exchange in the period 2015-2017. This
study used a purposive sampling method and obtained a sample of 39
manufacturing companies in the consumer goods industry sector as samples. The
analytical tool to test the hypothesis using the logistic regression analysis tool
with the SPSS version 21.0 program.
Based on the results of this study it was found that the board of directors
had a negative effect on financial distress, institutional ownership had a negative
effect on financial distress, liquidity had a negative effect on financial distress.
While independent commissioners have no effect on Financial distress
Keywords: Financial distress, board of directors, independent commissioners,
institutional ownership and liquidity.
Penelitian ini bertujuan untuk menganalisis pengaruh dewan direksi,
komisaria independen, kepemilikan institusional, Likuiditas terhadap Financial
Distress. Pada penelitian ini terdapat 5 variabel yang digunakan yaitu Financial
distress sebagai variabel dependen sedangkan dewan direksi, komisaria
independen, kepemilikan institusional, Likuiditas sebagai variabel independen.
Populasi yang digunakan dalam penelitian ini adalah perusahaan
manufaktur sektor industri barang konsumsi yang terdaftar di BEI pada periode
2015-2017. Penelitian ini menggunakan metode purposive sampling dan diperoleh
sampel sebanyak 39 perusahaan manufaktur sektor industri barang konsumsi
sebagai sampel. Alat analisis untuk menguji hipotesis menggunakan alat analisis
regresi logistik dengan program SPSS versi 21.0.
Berdasarkan hasil penelitian ini bahwa Dewan direksi berpengaruh negative
terhadap financial distress , kepemilikan institusional berpengaruh negative
terhadap financial distress, likuiditas berpengaruh negative terhadap financial
distress. Sedangkan komisaris independen tidak berpengaruh terhadap Financial
distress
Kata kunci : Financial distress, Dewan direksi, komisaris independen,
kepemilikan institusional dan Likuiditas.