Universitas Bhayangkara Jakarta Raya

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Sugihyanty, Eneng and Widyastuti, Tri and Daito, Apollo and Rachbini, Widarto (2020) Corporate Governance Mechanism on Tunneling Incentive and Financial Distress and Their Impact on Corporate Turnaround (Study on Manufacture Companies in Indonesia Stock Exchange on 2013-2018). Corporate Governance Mechanism on Tunneling Incentive and Financial Distress and Their Impact on Corporate Turnaround (Study on Manufacture Companies in Indonesia Stock Exchange on 2013-2018), 8 (11). pp. 10-20. ISSN 2349-0330

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Abstract

This study analyzes and establishes the effect of corporate governance on tunneling incentive and financial distress and their impact on the corporate turnaround on manufacturing companies listed in Indonesia Stock Exchange from 2013 to 2018. Data obtained from Statistics IDX and BEI (Indonesia Stock Exchange) with the samples consist of 32 companies. The research results indicate that direct effects boards of commissioners influence financial distress, independent commissioner influence tunneling incentive, and financial distress influence corporate turnaround. However, independent commissioners, boards of commissioners, institutional ownership, and tunneling incentive do not affect corporate turnaround. Boards of commissioners and institutional ownership variables do not affect tunneling incentive. Furthermore, independent commissioners and institutional ownership do not affect financial distress. Other results of the research indicate that indirect effects tunneling incentive and financial distress can not function as an intervening variable in the effect of corporate governance on the corporate turnaround.

Item Type:	Article
Uncontrolled Keywords:	Turnaround, Tunneling Incentive, Financial Distress, Mechanism of Corporate Governance
Subjects:	Ilmu Sosial > Ekonomi > Akuntansi
Divisions:	Fakultas Ekonomi dan Bisnis > Akuntansi
Depositing User:	Prof Tri Widyastuti
Date Deposited:	09 Nov 2023 03:18
Last Modified:	09 Nov 2023 03:18
URI:	http://repository.ubharajaya.ac.id/id/eprint/24174

Available Versions of this Item

• Jurnal Corporate Governance Mechanism on Tunneling Incentive and Financial Distress and Their Impact on Corporate Turnaround (Study on Manufacture Companies in Indonesia Stock Exchange on 2013-2018). (deposited 08 Sep 2023 09:13)
  • Corporate Governance Mechanism on Tunneling Incentive and Financial Distress and Their Impact on Corporate Turnaround (Study on Manufacture Companies in Indonesia Stock Exchange on 2013-2018). (deposited 09 Nov 2023 03:18) [Currently Displayed]

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