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

ABSTRAK
ANALISIS PENGARUH MANAGEMENT CAPABILITY DAN CORPORATE
GOVERNANCE TERHADAP FINANCIAL 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
Financial Distress

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Universitas Sumatera Utara

ABSTRACT
ANALYSIS OF THE EFFECT OF MANAGEMENT CAPABILITY AND
CORPORATE GOVERNANCE ON FINANCIAL 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 Financial
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
Financial Distress

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Universitas Sumatera Utara