[PDF][PDF] Good corporate governance and prediction of financial distress to stock prices: Atman Z score approach

R Pernamasari, S Purwaningsih… - … Journal of Economics …, 2019 - researchgate.net
International Journal of Economics and Management Studies, 2019researchgate.net
The long-term goal to be achieved in this research is to analyze stock prices by using
prediction of financial difficulties and good corporate governance in agricultural sector
companies in Indonesia. This study uses the Altman Z-Score model as a prediction of
bankruptcy and Good Corporate Governance reforms that are proxied through the board of
commissioners, the number of independent commissioners, the number of business
commissioners, and the number of audit accountants. The stock price used in this study is …
Abstract
The long-term goal to be achieved in this research is to analyze stock prices by using prediction of financial difficulties and good corporate governance in agricultural sector companies in Indonesia. This study uses the Altman Z-Score model as a prediction of bankruptcy and Good Corporate Governance reforms that are proxied through the board of commissioners, the number of independent commissioners, the number of business commissioners, and the number of audit accountants. The stock price used in this study is the stock price one week after the publication date of the 2013-2017 financial statements. The results of the study indicate that good corporate governance and prediction of financial distress have a significant positive effect on stock prices on agricultural sector companies involved in the Exchange Indonesian effect. The results of the research prove that corporate governance rules consider how to regulate accountability to shareholders who support the stock price, while bankruptcy predictions can provide results for investors in choosing companies that need through stock prices..
researchgate.net
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