THE EFFECT OF BOARD SIZE, BOARD INDEPENDENCE, AUDIT COMMITTEE TO FINANCIAL DISTRESS DURING COVID-19 PANDEMIC
Abstract
The purpose of this study is to determine the effect of board size, board independence, and audit committee on financial distress in service sector companies with sub-sectors namely infrastructure, utilities, and transportation as well as hotels, restaurants and tourism listed on the Indonesia Stock Exchange and the Malaysia Stock Exchange. . The analysis used in this study is a logistic regression analysis with a sampling technique that is purposive sampling. With this technique, 116 samples were obtained with the results of board size having a significant effect on financial distress, while the board independence and audit committee variables had no significant effect on financial distress.
Keywords: Board Size, Board Independence, Audit Committee, Financial Distress, Covid-19
References
Appuhami & Bhuyan. (2015). Examining the Influence of Corporate Governance on Intellectual Capital Efficiency : Evidence from Topservices Firms in Australia. Managerial Auditing Journal. Vol 30. 347-372
Bredart. (2014). Financial Distress and Corporate Governance : The Impact of Board Configuration. International Business Research. Vol 7 No 3.
Cinantya & Merkusiwati. (2015). Pengaruh Corporate Governance, Financial Indicators, Dan Ukuran Perusahaan Pada Financial Distress. E-Jurnal Akuntansi. Vol 10 No 3. 897-915
Ghozali. (2011). Aplikasi Analisis Multivariate Dalam Program SPSS. Semarang : Badan Penerbit Universitas Diponegoro.
_______ (2018). Aplikasi Analisis Multivariate Dalam Program IBM SPSS 25. Semarang : Badan Penerbit Universitas Diponegoro.
Gunawijaya. (2015). Pengaruh Karakteristik Komite Audit, Independensi Dewan Komisaris, Reputasi Auditor Terhadap Financial Distress. Jurnal Akuntansi Bisnis. Vol. XIV. https://doi.org/10.24167/jab.v14i27.964
Hartantri & Hatane. (2017). Pengaruh Corporate Governance Terhadap Financial Distress Pada Perusahaan Sektor Barang Konsumsi dan Perdagangan Yang Terdaftar di Bursa Efek Indonesia. Journal Business Accounting Review. Vol 5 No 2. 505-516.
Helena & Saifi. (2018). Pengaruh Corporate Governance Terhadap Financial Distress (Studi Pada Perusahaan Transportasi Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2016). Jurnal Administrasi Bisnis. Vol 60 No 2.
Irmayanti & Almuri. (2020). Pengaruh Komite Audit, Profitabilitas, Arus Kas Operasi, Dan Inflasi Terhadap Financial Distress (Studi Empiris Pada Perusahaan Property Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia 2012-2018).
Jamal & Shah. (2017). The Impact of Corporate Governance on The Financial Distress : Evidence From Pakistani Listed Companies. Jinnah Business Review. 5(2). 49-53
Januarti & Pembayun. (2012). Pengaruh Karakteristik Komite Audit Terhadap Financial Distress. Jurnal Akuntansi. Universitas Diponegoro. Vol 1 No 1.
Kurniasih & Sari. (2013). Pengaruh Return On Asset, Leverage, Corporate Governance, Ukuran Perusahaan dan Kompensasi Rugi Fiskal pada Tax Avoidance. Buletin Studi Ekonomi. Vol 1 No 18. 58-66.
Muryati & Suardikha. (2014). Pengaruh Corporate Pada Nilai Perusahaan. E-Jurnal Akuntansi Universitas Udayana. Vol 9 No 2. 411-429.
Nasir dan Ali. (2018). Corporate Governace And Financial Distress : Malaysian Perspective. Asian Journal of Accounting Perspectives. Vol 11 No 1. https://doi.org/10.22452/AJAP.vol11no1.5
Ningrum & Hatane. (2017). Pengaruh Corporate Governance Terhadap Financial Distess. Journal Business Accounting Review. Vol 5 No .
Otoritas Jasa Keuangan. (2015). Peraturan Otoritas Jasa Keuangan Nomor 55/POJK.04/2015 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit. Ojk.go.id
Triwahyuningsih. (2012). Analisis Pengaruh Struktur Kepemilikian, Ukuran Dewan, Komisaris Independen, Likuiditas, dan Leverage Terhadap Terjadinya Kondisi Financial Distress Pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2008-2010. Jurnal Akuntansi.
Putra & Muslih. (2019). Pengaruh Kepemilikan Institusional, Kepemilikian Manajerial, Dewan Komisaris Independen, Dan Komite Audit Terhadap Financial Distress (Studi Empiris Pada Perusahaan Sub Sektor Transportasi Di Bursa Efek Indonesia Tahun 2013-2017). e-Proceeding of Management. Vol 6 No 2. 3289-3299
Salloum & Azoury. (2013). Board of Directors Effectson Financial Distress : Evidence of Famiy Owned Business in Lebanon. International Enterpreneurship and Management Journal. Vol 9 No 1. 59-75
Sastriana. (2013). Pengaruh Corporate Governance Dan Firm Size Terhadap Perusahaan Yang Mengalami Kesulitan Keuangan. Diponegoro Journal of Accounting. 130-139.
Sulistyowati., Afifudin, & Mawardi. (2019). Pengaruh Struktur Corporate Governance Dan Financial Indicator Terhadap Kondisi Financial Distress 9pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2018) Jurnal Ilmiah Riset Akuntansi. Vol 8 No 5.
Ujiyantho dan Pramuka. (2007). Mekanisme Corporate Governance, Manajemen Laba dan Kinerja Keuangan (Studi Kasus pada Perusahaan Go Publik Sektor Manufaktur). Jurnal Simposium Nasional Akuntansi X. Makasar
Undang – Undang Nomor 40 Tahun 2007 Tentang Perseroan Terbatas
WHO. (2021). Corona Diseases (Covid-19). https://covid19.who.int/table
Zahra, S., A., & II, J., A. (1989). Boards of Directors & Corporate Financial Perofrmance. Journal Of Management. Vol 15 No 2. 291-334.
Zulaecha, H, & Atik Mulvitasari. (2018). Pengaruh Likuiditas, Leverage, Dan Sales Growth Terhadap Financial Distress. Jurnal Manajemen Bisnis. Vol 9 No 1. ISSN 2302-3449 e-ISSN 2580-9490.
