The impact of managerial ownership, institutional ownership, proportion of independent commissioner, and intellectual capital on financial distress

Widhiadnyana, I. Kadek; Ratnadi, Ni Made Dwi

doi:10.14414/jebav.v21i3.1233

Cited by 29 publications

(41 citation statements)

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“…The managerial ownership variable has a positive effect and is likely to have a probability of default compared to nondefault, so the greater the composition of directors' ownership in stocks will have the opportunity for the probability of default, as previously stated that there is too little data on company managerial ownership in this study which happens to be found in companies that have probability of default. This result is supported by previous research which concludes that managerial ownership has a positive effect on financial difficulties (Widhiadnyana & Dwi Ratnadi, 2019). The R&D variable has a negative effect and is likely to have a decreased probability of default if there is an increase in R&D investment spending.…”

Section: Figure 2 Roc Curvesupporting

confidence: 81%

Analysis of the Effect of Governance and Research and Development on Probability of Default

Nuraini

Leon

Usman

2020

IJSOC

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Research on the probability of default is always very interesting because it is related to the goals of companies that want to live on, this study aims to examine and analyze which variables are important in this study consisting of the audit committee and managerial ownership who are members of governance, as well as the R & D variables. In influencing the probability of default either directly or indirectly by using the mediating variable Current Ratio estimated results (CRh), to predict the probability of default. This study uses Multiple Discriminant Analysis (MDA) in determining the value of the default probability, while the estimation analysis uses two-stage regression. The regression estimation results conclude that the governance variable on the audit committee has no direct effect on the probability of default, while the CRh mediation becomes significant. The managerial ownership variable which is part of the governance variable has a significant effect both directly and indirectly through CRh mediation, as well as the R&D variable which also has a significant effect on the probability of default either directly or indirectly. This study produces a model in which CRh as a mediator can signal the probability of default on non-financial variables such as governance and R&D. The results of this study contribute to early detection of the probability of default of any non-financial variables that affect both governance and R&D. This model was developed to anticipate the occurrence of bankruptcy by detecting the probability of default by using non-financial variables with CRh as mediation which is supported by model tests with Hosmer-Lemeshow and ROC.

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Section: Figure 2 Roc Curvesupporting

confidence: 81%

Analysis of the Effect of Governance and Research and Development on Probability of Default

Nuraini

Leon

Usman

2020

IJSOC

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“…Jika stabilisasi internal baik, maka tingkat terjadinya financial distress dapat dikurangi. Namun demikian, pada perusahaan yang dipegang oleh pribadi juga memiliki potensi positif karena lebih mudahnya konsolidasi antar pemegang saham (Paramastri & Hadiprajitno, 2017) (Widhiadnyana & Dwi Ratnadi, 2019). Oleh karena itu variabel kepemilikan institusional secara langsung tidak berpengaruh signifikan terhadap financial distress.…”

Section: Hipotesis 2 Pengaruh Kepemilikan Intitusional Terhadap Finan...unclassified

Analisis Pengaruh Ukuran Perusahaan dan Kepemilikan Institusional Terhadap Financial Distress pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI)

Mahera

Hartono

2022

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Ukuran perusahaan dan kepemilikan institusional merupakan faktor internal yang menentukan kinerja keuangan perusahaan. Kinerja keuangan yang buruk akan membawa perusahaan ke dalam financial distress. Penelitian ini bertujuan untuk menguji hubungan antara ukuran perusahaan dan kepemilikan institusional terhadap financial distress perusahaan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2017 – 2019. Studi literatur yang dikombinasikan dengan laporan keuangan tahunan perusahaan digunakan sebagai data referensi dalam penelitian ini. Metode yang digunakan adalah metode kuantitatif dengan analisis regresi linier berganda. Hasil penelitian menemukan bahwa uji t dan uji F tidak menunjukkan hubungan yang signifikan baik secara parsial maupun simultan antara ukuran perusahaan dan kepemilikan institusional dengan financial distress. Ukuran perusahaan dan kepemilikan institusional tidak secara langsung mempengaruhi financial distress perusahaan, namun financial distress muncul melalui keterkaitan di luar variabel yang diteliti, seperti manajemen keuangan dan stabilitas internal.

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“…The results of the research by Widhiadnyana & Dwi Ratnadi [18] stated that intellectual capital has a negative effect on financial distress, which means that if the company's intellectual capital increases, the company will avoid financial distress.…”

Section: ) the Influence Of Intellectual Capital As A Moderating Vari...mentioning

confidence: 99%

The Effectiveness of Good Corporate Governance Implementation against Financial Distress Conditions with Intellectual Capital as Moderating Variable

Dirman

2022

AJEBA

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Aims: This study aims to examine the effect of the implementation of good corporate governance on financial distress and examine the influence of Intellectual Capital as a moderating variable that can weaken or strengthen good corporate governance on financial distress. This research is expected to be used as a material for consideration in making company decisions as well as interested parties to be able to take preventive steps in dealing with severe conditions. Study Design: The method used is quantitative research with secondary data taken from the company's financial statements with data collection techniques using purposive sampling. Place and Duration of Study: This study uses property companies listed on the Indonesia Stock Exchange during 2017-2020 as research objects. The number of samples is 90 samples using purposive sampling method. Methodology: The data analysis method in this study uses SmartPLS software. The data analysis methods in this study are Descriptive Statistics, Descriptive Analysis and Inferential Statistical Analysis. Results: Based on the results of the analysis, it is found that good corporate governance has no effect on financial distress, and good corporate governance moderated by intellectual capital has a negative effect on financial distress.

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The impact of managerial ownership, institutional ownership, proportion of independent commissioner, and intellectual capital on financial distress

Cited by 29 publications

References 0 publications

Analysis of the Effect of Governance and Research and Development on Probability of Default

Analysis of the Effect of Governance and Research and Development on Probability of Default

Analisis Pengaruh Ukuran Perusahaan dan Kepemilikan Institusional Terhadap Financial Distress pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI)

The Effectiveness of Good Corporate Governance Implementation against Financial Distress Conditions with Intellectual Capital as Moderating Variable

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