The Impact of the Board, Political Connections on Financial Distress in Indonesia: Effects of Corporate Governance

被引：0
|
作者：
Rahim, Rida [1 ]
Anggriani, Peni [1 ]
Wiranda, Nadya Ade [1 ]
机构：
[1] Univ Andalas, Dept Management, Padang 25166, W Sumatera, Indonesia
来源：
INTERNATIONAL JOURNAL OF BUSINESS | 2024年 / 29卷 / 01期
关键词：
financial distress; political connection; interlocking directorate; female director; board size; audit committee; AGENCY COSTS; FIRM;
D O I：
10.55802/IJB.029(1).001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyzes the impact of political connection, interlocking directorates, and female directors on financial distress, and corporate governance as a moderating variable. The results showed that all variables had a significant effect on financial distress partially. Political connection, interlocking commissioner positions, and audit committees have a significant and positive effect. While the interlocking CEO, female director, audit committee and board size variables have a significant negative effect. After entering the moderating variable, the results indicate that the political connection and interlocking variables moderated by the audit committee had a positive impact to the financial distress. While the political connection and interlocking CEO variables have negative values after being moderated by board size.
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页数：16
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