FINANCIAL DISTRESS DETERMINANTS DURING COVID-19 PANDEMIC: EVIDENCE FROM NON-FINANCIAL FIRMS IN INDONESIA
The COVID-19 pandemic has caused massive bankruptcy for companies in the world. Companies should aware variables signalling aggravated financial distress to give an early-warning system. The objective of this study is to investigate the influence of business strategy, corporate investment, and co...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/66792 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | The COVID-19 pandemic has caused massive bankruptcy for companies in the world. Companies
should aware variables signalling aggravated financial distress to give an early-warning system.
The objective of this study is to investigate the influence of business strategy, corporate
investment, and corporate governance to the financial distress. We collect data from the nonfinancial
sector companies in Indonesia. We use logistic regression to test the hypothesis. This
research finds that business strategy and female board negatively significant at distress probability,
whereas corporate investment and board meeting positively significant at the likelihood of
financial distress. Further researchers can broaden their scope of investigation to the financial
industry and other developing countries.
Keywords: Business strategy, COVID 19, Corporate governance, Financial distress
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