Analisis Pengaruh Management Capability Dan Corporate Governance Terhadap Financial Distress Dengan Leverage Sebagai Variabel Moderasi

ii

ABSTRAK

ANALISIS PENGARUH

MANAGEMENT CAPABILITY

DAN

CORPORATE

GOVERNANCE

TERHADAP

F INANCIAL DISTRESS

DENGAN

LEVERAGE

SEBAGAI VARIABEL MODERASI (STUDI

EMPIRIS PADA PERUSAHAAN PERTAMBANGAN

YANG TERDAFTAR DALAM BURSA

EFEK INDONESIA)

Tujuan dari penelitian ini adalah untuk menganalisis pengaruh

management

capability

(Latar belakang pendidikan prestise dan Strata pendidikan rata-rata)

dan Corporate Governance (Ukuran dewan komisaris dan Ukuran dewan direksi)

terhadap kondisi

financial distress

perusahaan pertambangan batubara yang

terdaftar pada Bursa Efek Indonesia (BEI). dan juga untuk mengetahui apakah

Leverage

berpengaruh terhadap hubungan antara

management capabilty dan

corporate governance dengan Financial distress.

Sampel penelitian yang digunakan sebanyak 14 perusahaan pertambangan

batubara, dimana metode

sampling

yang digunakan adalah metode

judgement

sampling. Adapun kriteria financial distress dalam penelitian ini ditentukan

dengan menggunakan negatif Earnings Before Income Tax (EBIT). Analisis data

dalam penelitian ini menggunakan analisis regresi logistik dengan alat bantu

program statistik SPSS 23.

Hasil penelitian ini membuktikan bahwa Strata pendidikan rata-rata, dan

Ukuran dewan komisaris berpengaruh signifikan terhadap kondisi

financial

distress, sedangkan Latar belakang pendidikan prestise dan Ukuran dewan direksi

tidak signifikan dalam mempengaruhi

financial distress.

Leverage

sebagai

variabel moderasi terbukti berpengaruh terhadap hubungan antara Latar belakang

pendidikan prestise dengan

financial distress dan hubungan antara Strata

pendidikan rata-rata dengan financial distress.

Kata kunci:

Management Capability

,

Corporate Governance

,

Leverage

, dan

F inancial Distress

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ABSTRACT

ANALYSIS OF THE EF F ECT OF MANAGEMENT CAPABILITY AND

CORPORATE GOVERNANCE ON F INANCIAL DISTRESS WITH

LEVERAGE AS MODERATING VARIABLE (EMPIRICAL

STUDY AT COAL MINING COMPANIES LISTED IN

INDONESIAN STOCK EXCHANGE)

The aim of this research is to analyze the effect of Management Capability

(Educational Background Prestige and Average Education per firm) and

Corporate Governance (board of commissioner

’s Size and Board of director’s

Size) on financial distress condition of coal mining companies listed in Indonesia

Stock Exchange (IDX). And to test whether Leverage has influence on the relation

between Management Capability, Corporate Governance, with F inancial

Distress.

The sample which are used in this research are 14 coal mining companies.

The research method in this research is judgement sampling. The criteria to

define financial distress in this research is using negative Earnings before Income

Tax (EBIT). Data analysis in this research performed by logistic regression

analysis with statistical program tool, SPSS Ver. 23.

The result of this research proved that Average Education per firm and

Board of Commissioner’s Size significantly affect financial distress condition,

Whilst Education Prestige and Board of Director’s Size are not significant in

affecting financial distress. Leverage as moderating variable proved to be

affecting the relation between Education prestige with financial distress, and

relation between average education per firm with financial distress.

Keywords: Management Capability, Corporate Governance, Leverage and

F inancial Distress