Pengaruh Tata Kelola Perusahaan Dan Reputasi Ceo Terhadap Kesulitan Keuangan Dengan Kinerja Keuangan Sebagai Variabel Mediasi

Dara, Rifdah Riyan (2019) Pengaruh Tata Kelola Perusahaan Dan Reputasi Ceo Terhadap Kesulitan Keuangan Dengan Kinerja Keuangan Sebagai Variabel Mediasi. Magister thesis, Universitas Brawijaya.

Abstract

Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh tata kelola perusahaan dan reputasi CEO terhadap kesulitan keuangan, serta mengetahui pengaruh kinerja keuangan dalam memediasi hubungan antara tata kelola perusahaan dan reputasi CEO terhadap kesulitan keuangan. Tata kelola perusahaan dalam penelitian ini menggunakan surat edaran OJK nomor 32/SEOJK.04/2015 tentang pedoman tata kelola perusahaan terbuka, reputasi CEO diukur dengan data envelopment analysis (DEA), kesulitan keuangan menggunakan variabel dummy berdasarkan arus kas, rugi, dan hutang perusahaan dan kinerja keuangan diukur dengan return on asset (ROA). Diperoleh 31 sampel perusahaan tahun 2016 dan 53 sampel perusahaan di tahun 2017 yang dianalisis logistik dan analisis regresi linear berganda dengan program SPSS. Hasil penelitian ini berhasil membuktikan bahwa kinerja keuangan mampu memediasi secara penuh pengaruh reputasi CEO terhadap kesulitan keuangan, namun kinerja keuangan tidak memediasi pengaruh tata kelola perusahaan terhadap kesulitan keuangan dikarenakan tata kelola perusahaan tidak berpengaruh terhadap kinerja keuangan. Hal ini menunjukkkan bahwa kesulitan keuangan di akibatkan oleh menurunnya kinerja keuangan dan dengan merekrut seorang CEO yang bereputasi baik akan meningkatkan kinerja keuangan. Tetapi baik atau buruknya kinerja keuangan perusahaan tidak dapat menjelaskan pengaruh tata kelola perusahaan terhadap kesulitan keuangan.

English Abstract

This study aims to examine and analyze the effect of corporate governance and CEO’s reputation on financial distress, and to know the effect of f inancial performance in mediating the relationship of corporate governance and CEO's reputation towards financial distress. The measurement of corporate governance refers to the Circular Letter of Otoritas Jasa Keuangan (OJK), or Financial Service Authority, 32/SEOJK.04/2015, about the guidance of the corporate governance in listed companies. CEO’s reputation is measured by data envelopment analysis (DEA), financial distress uses dummy variables based on cash flow, losses, and corporate debt and financial performance is measured by return on assets (ROA). Total of 31 and 53 samples of Manufacturing Companies respectively in the period of 2016 and 2017 were obtained. They were analyzed by utilizing logistic regression and multiple linear regression with the SPSS program. The results of this study show that financial performance is able to fully mediate the influence of the CEO's reputation on financial distress, but financial performance does not mediate the effect of corporate governance on financial distress because corporate governance has no effect on financial performance. This shows that financial distress happens due to the plummets in financial performance and recruiting a reputable CEO will improve the financial performance. However, good or bad company's financial performance cannot explain the effect of corporate governance on financial distress.

Other obstract

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Item Type: Thesis (Magister)
Identification Number: TES/658.4/DAR/p/2019/041907207
Uncontrolled Keywords: CORPORATE GOVERNANCE, FINANCIAL MANAGEMENT
Subjects: 600 Technology (Applied sciences) > 658 General management > 658.4 Executive management
Divisions: S2/S3 > Magister Akuntansi, Fakultas Ekonomi dan Bisnis
Depositing User: Endang Susworini
Date Deposited: 02 Dec 2019 03:31
Last Modified: 11 Jan 2022 07:35
URI: http://repository.ub.ac.id/id/eprint/176340
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