Analisis Pengaruh Capital Structure , Corporate Governance dan Intellectual Capital terhadap Kemungkinan Terjadinya Financial Distress pada Perusahaan Pertambangan Batubara di Indonesia Dan Australia

Abstract

This research analyzes and investigates how capital structure corporate governance, and intellectual capital affect the probability of a company to be in financial distress in the coal mining companies in Indonesia and Australia All coal mining companies listed in Indonesia Stock Exchange during the period of 2016- 2020 constitute to the population and eighteen of them are selected as the sample The data are analyzed by logistic regression analysis using SPSS program to test the variables. The findings verify that capital structure has significant positive effects on probability of the coal mining companies in Indonesia and Australia to be in financial distress, that board size has insignificant positive effects on the probability of financial distress in the coal mining companies in Indonesia and has Insignificant negative effects in the coal mining companies in Australia that board composition has insignificant negative effects on the probability of financial distress in the coal mining companies in Indonesia and has insignificant positive effects in the coal mining companies in Australia, that audit committee has insignificant negative effects on the probability of the coal mining companies in Indonesia to be in financial distress and significant positive effects on the coal mining companies in Australia, remuneration committee has insignificant positive effects on the probability of the coal mining companies in Indonesia to be in financial distress and significant negative effects on the coal mining companies in Australia, intellectual capital (VAIC) has significant negative effects the probability of the coal mining companies in Indonesia to be in financial distress and insignificant negative effects on the coal mining companies in Australia.