THE INFLUENCE OF FINANCIAL DISTRESS, GROWTH OPPORTUNITIES, AND DEBT COVENANT TO CONSERVATISM OF ACCOUNTING COMPANY
Abstract
This research aims to examine the influence of financial distress, growth opportunities and debt covenant to the company's accounting conservatism at manufacturing companies listed on the Indonesia Stock Exchange in 2013 - 2017. This research used quantitative method. The populations of study were 144 manufacturing companies listed on the Indonesia Stock Exchange, with the sample of nine companies during 2013-2017. The data collection technique used a purposive sampling method to determine research samples. The statistical method used multiple linear regression analysis with SPSS version 22. The result of this research showed that financial distress did not have a significant influence on accounting conservatism. Growth opportunities had a significant positive influence on accounting conservatism. Debt covenant did not affect to accounting conservatism, and financial distress. Growth opportunities and debt covenant affect to company’s accounting conservatism.
Keywords: Financial distress, growth opportunities, debt covenant, accounting conservatism
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