PENGARUH KEPEMILIKAN INSTITUSIONAL, INTELLECTUAL CAPITAL, DAN LEVERAGE TERHADAP FINANCIAL DISTRESS

JAF- Journal of Accounting and Finance Pub Date : 2019-07-22 DOI:10.25124/JAF.V2I2.2125

Saskhia Irving Maest Purba

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引用次数: 9

Abstract

The purpose of this study is to determine the influence of institutional ownership (KI), intellectual capital (IC) and Leverage (DER) to financial distress (Springate) financial distress condition. Independent variables in this study are institutional ownership (KI), intellectual capital (IC) and Leverage (DER) and financial distress (Springate) partially or simultaneously. Population in this study is Manufacture companies’s sector listed on Indonesia Stock Exchange in 2014-2017. The sampling technique was using purposive sampling, obtained 128 sample data and use Panel data regression analysis using software Eviews 10. Random effect model was chosen after 3 regression panel test. Simultaneously, all the independet variables have significant effect to dependent variable (financial distress). Partially intellectual capital (IC) have negative significant effect with to financial distress. Leverage (DER) have positive significant effect to financial distress. But institutional ownership (KI) have no significant effect to financial distress. Keyword: Financial distress, Institutional Ownership, Intellectual Capital, Leverage

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本研究的目的是确定机构所有权(KI)、智力资本(IC)和杠杆(DER)对财务困境(Springate)财务困境状况的影响。本研究的自变量是机构所有权(KI)，智力资本(IC)和杠杆(DER)和财务困境(Springate)部分或同时。本研究的人口是2014-2017年在印度尼西亚证券交易所上市的制造业公司。抽样方法采用目的抽样，获得128份样本资料，采用Eviews 10软件对面板数据进行回归分析。经3回归面板检验，选择随机效应模型。同时，所有自变量对因变量(财务困境)均有显著影响。部分智力资本对财务困境有显著的负向影响。杠杆对财务困境有显著的正向影响。但机构所有权对财务困境没有显著影响。关键词:财务困境，机构所有权，智力资本，杠杆

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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JAF- Journal of Accounting and Finance

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