BIAYA AGENSI DAN POTENSI KEBANKRUTAN BANK UMUM KEGIATAN USAHA 1 DAN 2 DI INDONESIA
DOI:
https://doi.org/10.12928/fokus.v11i2.4679Keywords:
Financial Distress, Agency CostAbstract
The Bank’s risk of bankruptcy has risen due to the pandemic's impact on financial distress. This study aims to evaluate the effectiveness of risk control mechanisms on the banking sector listed in the Indonesia Stock Exchange (IDX). Agency cost which could indicate the ability to reduce the risk of bank bankruptcy was proxied by commissioner fee, insider ownership, and audit committee and then assigned as the variables of the study. This study employed quantitative methods, by using panel data regression analysis. Bank Umum Kegiatan Usaha 1 (BUKU 1) and Bank Umum Kegiatan Usaha 2 (BUKU 2) were used as samples for this study. The results show that commissions and insider ownership have no significant impact on financial distress at BUKU 1 and BUKU 2. While the Audit Committee has a significant impact on the value of financial distress at BUKU 1 and BUKU 2. In The perspective of the X-Score model, agency costs have no significant effect on the likelihood of bankruptcy at BUKU 1 and BUKU 2.References
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John, A. J., & Ogechukwu, O. L. (2018). Corporate Governance and Financial Distress in the Banking Industry: Nigerian Experience. Journal of Economics and Behavioral Studies, 10(1), 182-193.
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Masak, F., & Noviyanti, S. (2019). Pengaruh Karakteristik Komite Audit terhadap Financial Distress. International Journal of Social Science and Business, 3(3), 237-247.
Pangkey, P. C., Saerang, I. S., & Maramis, J. B. (2018). Analisis Prediksi Kebangkrutan dengan Menggunakan Metode Altman dan Metode Zmijewski pada Perusahaan Bangkrut yang pernah Go Public di Bursa Efek Indonesia. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 6(4).
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Pramudena, S. M. (2017). The Impact of Good Corporate Governance on Financial Distress in the Customer Goods Sector. Journal of Finance and Banking Review, 2(4), 46-55.
Pranowo, K. (2010). Determinant of Corporate Financial Distress in an Emerging Market Economy: Empirical Evidence from the Indonesian Stock Exchange 2004-2008. International Research Journal of Finance and Economics, 52, 80-88.
Prasetyaningtias, E., & Kusumowati, D. Analisis Perbandingan Model Altman, Groven, Zmijewski dan Springate Sebagai Prediksi Financial Distress. Jurnal Akuntansi dan Perpajakan, 5(1),9-14.
Saunders, A., & Cornett, M. M. (2014). Financial Institution Management. Mc Graw-Hill.
Setiawan, A. (2017). Analisis Pengaruh Tingkat Kesehatan Bank terhadap Return on Asset. Jurnal Analisa Akuntansi dan Perpajakan, 1(2), 130-152.
Stulz, R. (1988). Managerial Control of Voting Rights: Financing Policies and The Market for Corporate Control. Journal of Financial Economics, 20, 25-54.
Subramanyam, K. R., & Wild, J. J. (2010). Analisis Laporan Keuangan. Salemba Empat.
Triwahyuningtias, M., & Muharam, H. (2012). Analisis Pengaruh Struktur Kepemilikan, Ukuran Dewan, Komisaris Independen, Likuiditas, dan Leverage terhadap Terjadinya Kondisi Financial Distress: Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2008- 2010. Doctoral dissertation, Universitas Diponegoro.
Velasques, M. G. (2012). Business Ethics: Concepts and Cases. Pearson.
Baklouti, N., Gautier, F., & Affes, H. (2016). Corportate Governance and Financial Distress of European Commercial Banks. Journal of Business Studies Quarterly. 7(3), 75.
Bredart, X. (2014). Financial Distress and Corporate Goveranance: The Impact of Board Configuration. International Business Research. 7(3), 72.
Brigham, E. F., & Houston, J. F. (2014). Fundamentals of Financial Management. South-Western Cengage Learning.
Cooper, D. R., & Schinlder, P. S. (2014). Business Research Methods. Mc Graw Hill.
Fama, E. F., & Jensen, M. C. (1983). Agency Problems and Residual Claims. The Journal of Law and Economics, 26(2), 327-349.
Gunawijaya, I. N. A. (2015). Pengaruh Karakteristik Komite Audit, Independensi Dewan Komisaris, Reputasi Auditor terhadap Financial Distress. Jurnal Akuntansi Bisnis, 14(27), 111-130.
Hermiyetti, H., & Katlanis, E. (2017). Analisis Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Kepemilikan Asing, dan Komite Audit terhadap Kinerja Keuangan Perusahaan. Media Riset Akuntansi, 4(2), 93.
Jensen, M. C., & Meckling, W. H. (1976). Theory of The Firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Financial Economics, 3(4), 305-360.
John, A. J., & Ogechukwu, O. L. (2018). Corporate Governance and Financial Distress in the Banking Industry: Nigerian Experience. Journal of Economics and Behavioral Studies, 10(1), 182-193.
Kristanti, F. T. (2019). Financial Distress Teori dan Perkembangannya Dalam Konteks Indonesia. Inteligensia Media.
Kusumaningtyas, M., & Farida, D. N. (2016). Pengaruh Kompetensi Komite Audit, Aktivitas Komite Audit, dan Kepemilikan Institusional terhadap Manajemen Laba. Jurnal Akuntansi Indonesia, 4(1), 66-82.
Manzaneque, M., Priego, A. M., & Merino, E. (2016). Corporate Governance Effect on Financial Distress Likehood: Evifdence from Spain. Revista de Contabilidad, 19(1), 111-121.
Masak, F., & Noviyanti, S. (2019). Pengaruh Karakteristik Komite Audit terhadap Financial Distress. International Journal of Social Science and Business, 3(3), 237-247.
Pangkey, P. C., Saerang, I. S., & Maramis, J. B. (2018). Analisis Prediksi Kebangkrutan dengan Menggunakan Metode Altman dan Metode Zmijewski pada Perusahaan Bangkrut yang pernah Go Public di Bursa Efek Indonesia. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 6(4).
Pawitri, A. I., & Alteza, M. (2020). Analisis Pengaruh Likuiditas, Profitabilitas, Leverage, Operating Capacity, dan Biaya Agensi Manajerial terhadap Financial Distress. Jurnal Fokus Manajemen Bisnis, 10(2), 149-168.
Prameswari, A., Yunita, I., & Azhari, M. (2018). Prediksi Kebangkrutan dengan Metode Altman Z-Score, Springate, dan Zmijewski pada Perusahaan Delisting di Bursa Efek Indonesia (BEI). Jurnal Riset Akuntansi Kontemporer, 10(1), 8-15.
Pramudena, S. M. (2017). The Impact of Good Corporate Governance on Financial Distress in the Customer Goods Sector. Journal of Finance and Banking Review, 2(4), 46-55.
Pranowo, K. (2010). Determinant of Corporate Financial Distress in an Emerging Market Economy: Empirical Evidence from the Indonesian Stock Exchange 2004-2008. International Research Journal of Finance and Economics, 52, 80-88.
Prasetyaningtias, E., & Kusumowati, D. Analisis Perbandingan Model Altman, Groven, Zmijewski dan Springate Sebagai Prediksi Financial Distress. Jurnal Akuntansi dan Perpajakan, 5(1),9-14.
Saunders, A., & Cornett, M. M. (2014). Financial Institution Management. Mc Graw-Hill.
Setiawan, A. (2017). Analisis Pengaruh Tingkat Kesehatan Bank terhadap Return on Asset. Jurnal Analisa Akuntansi dan Perpajakan, 1(2), 130-152.
Stulz, R. (1988). Managerial Control of Voting Rights: Financing Policies and The Market for Corporate Control. Journal of Financial Economics, 20, 25-54.
Subramanyam, K. R., & Wild, J. J. (2010). Analisis Laporan Keuangan. Salemba Empat.
Triwahyuningtias, M., & Muharam, H. (2012). Analisis Pengaruh Struktur Kepemilikan, Ukuran Dewan, Komisaris Independen, Likuiditas, dan Leverage terhadap Terjadinya Kondisi Financial Distress: Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2008- 2010. Doctoral dissertation, Universitas Diponegoro.
Velasques, M. G. (2012). Business Ethics: Concepts and Cases. Pearson.
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Published
2021-09-11
How to Cite
Solihudin, A. R., & Pratiwi, P. D. (2021). BIAYA AGENSI DAN POTENSI KEBANKRUTAN BANK UMUM KEGIATAN USAHA 1 DAN 2 DI INDONESIA. Jurnal Fokus Manajemen Bisnis, 11(2), 257–270. https://doi.org/10.12928/fokus.v11i2.4679
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