ANALISIS PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS(Studi Pada Perusahaan Manufaktur yang Listing di BEI)

This research is aimed to examine the mechanism of corporate governance and financial distress ofmanufacture companies in Indonesia. The population in this research is all of public listed manufacturecompanies in BEI during period 2004 to 2008 with 40 manufacturescompanies used as samples. In this research, a logistic regression are used by using SPSS (13). This research results shows that for G-test is 0,001 and p-value is 0,05 (G > X²). It shows that there is simultan influences among institutional ownership, managerial ownerhip, and the structure of independent commissioners to financial distress. By using Wald-test, the institutional ownership is 10,478, the managerial ownership is 1,381, and the structure of independen commissioners is 0,449, In conclusion the institutional ownership is the most significant and influences variables