Financial Distress Prediction: The Ownership Structure and Managerial Agency Cost

This research aimed to predict financial distress through ownership structure and managerial agency cost. The ownership structure was tested by managerial ownership and institutional ownership. Meanwhile, the managerial agency cost was tested by the administrative cost ratio. The...

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Autores principales:	Maya Indriastuti, Indri Kartika, Naila Najihah
Formato:	article
Lenguaje:	EN
Publicado:	Ikatan Akuntan Indonesia 2021
Materias:	ownership structure managerial agency cost financial distress indonesia sharia stock index logistic regression analysis Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/f3424bfde1c149c6a27284a518c89e59
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spelling	oai:doaj.org-article:f3424bfde1c149c6a27284a518c89e592021-11-10T03:44:18ZFinancial Distress Prediction: The Ownership Structure and Managerial Agency Cost10.33312/ijar.5142086-68872655-1748https://doaj.org/article/f3424bfde1c149c6a27284a518c89e592021-05-01T00:00:00Zhttps://ijar-iaikapd.or.id/index.php/ijar/article/view/514https://doaj.org/toc/2086-6887https://doaj.org/toc/2655-1748This research aimed to predict financial distress through ownership structure and managerial agency cost. The ownership structure was tested by managerial ownership and institutional ownership. Meanwhile, the managerial agency cost was tested by the administrative cost ratio. The population of this research was all companies listed in the Indonesia Sharia Stock Index year 2016-2018 by using the purposive sampling technique. Based on the criteria that have been determined, the total samples were 129 companies. The analysis of the data in this research used logistic regression analysis. The results showed that institutional ownership has a negative effect on financial distress. Despite this, the managerial ownership and managerial agency cost does not affect the financial distress. Maya Indriastuti Indri KartikaNaila Najihah Ikatan Akuntan Indonesiaarticleownership structuremanagerial agency costfinancial distressindonesia sharia stock indexlogistic regression analysisAccounting. BookkeepingHF5601-5689ENThe Indonesian Journal of Accounting Research, Vol 24, Iss 2, Pp 24-2 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	ownership structure managerial agency cost financial distress indonesia sharia stock index logistic regression analysis Accounting. Bookkeeping HF5601-5689
spellingShingle	ownership structure managerial agency cost financial distress indonesia sharia stock index logistic regression analysis Accounting. Bookkeeping HF5601-5689 Maya Indriastuti Indri Kartika Naila Najihah Financial Distress Prediction: The Ownership Structure and Managerial Agency Cost
description	This research aimed to predict financial distress through ownership structure and managerial agency cost. The ownership structure was tested by managerial ownership and institutional ownership. Meanwhile, the managerial agency cost was tested by the administrative cost ratio. The population of this research was all companies listed in the Indonesia Sharia Stock Index year 2016-2018 by using the purposive sampling technique. Based on the criteria that have been determined, the total samples were 129 companies. The analysis of the data in this research used logistic regression analysis. The results showed that institutional ownership has a negative effect on financial distress. Despite this, the managerial ownership and managerial agency cost does not affect the financial distress.
format	article
author	Maya Indriastuti Indri Kartika Naila Najihah
author_facet	Maya Indriastuti Indri Kartika Naila Najihah
author_sort	Maya Indriastuti
title	Financial Distress Prediction: The Ownership Structure and Managerial Agency Cost
title_short	Financial Distress Prediction: The Ownership Structure and Managerial Agency Cost
title_full	Financial Distress Prediction: The Ownership Structure and Managerial Agency Cost
title_fullStr	Financial Distress Prediction: The Ownership Structure and Managerial Agency Cost
title_full_unstemmed	Financial Distress Prediction: The Ownership Structure and Managerial Agency Cost
title_sort	financial distress prediction: the ownership structure and managerial agency cost
publisher	Ikatan Akuntan Indonesia
publishDate	2021
url	https://doaj.org/article/f3424bfde1c149c6a27284a518c89e59
work_keys_str_mv	AT mayaindriastuti financialdistresspredictiontheownershipstructureandmanagerialagencycost AT indrikartika financialdistresspredictiontheownershipstructureandmanagerialagencycost AT nailanajihah financialdistresspredictiontheownershipstructureandmanagerialagencycost
_version_	1718440709052170240

Financial Distress Prediction: The Ownership Structure and Managerial Agency Cost

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