Research aims: This study aims to examine the effect of corporate governance, specifically relating to the ownership structure and board structure, on the possibility of financial distress.Design/Methodology/Approach: The sample used in this study are companies listed on the Indonesia Stock Exchange (IDX) from 2015 to 2019, excluding the financial industry. Conditional logistic regression is used as the study uses paired data based on the total assets of the company.Research findings: The results of this study indicate that board ownership, independent commissioners, and the board of directors can increase the likelihood of financial distress. On the other hand, institutional ownership and concentrated ownership are proven to have no effect on the likelihood of financial distress. The results of sensitivity testing using logistic regression showed different results on the variable institutional ownership, which is that institutional ownership can increase the likelihood of financial distress. Meanwhile, the other variables showed the same outcome as the main regression used in this study.Theoretical contribution/Originality: This study contributes to the knowledge on the relationship of board ownership, institutional ownership, concentrated ownership, independent commissioners and board size and the possibility of financial distress. Also, this research found that the provision of incentives in the form of shares to the board may not be an effective way to overcome financial distress in Indonesian firms.

This research is aimed to analyze the influence of good corporate governance to company's profitability. This research is based on the previous research that is done by Zabri, Ahmad and Wah (2016). Aside from board size and independent commissioner's composition, this research added few variables which are; board meeting, audit committee size and audit committee meeting with firm age and leverage as the control variables. Profitability is measured by return on asset (ROA) and return on equity (ROE). Samples of this study consist of 170 non-financial listed firms during 2012-2016. Multiple regressions were used to test the hyphotheses. The result of this research has showed that good corporate governance gives significant influence to the profitability of the companies located in Indonesia. SARI PATI Penelitian ini bertujuan untuk menganalisa pengaruh penerapan tata kelola perusahaan terhadap profitabilitas perusahaan. Penelitian ini mengacu pada penelitian Zabri, Ahmad, dan Wah (2016) yang meneliti pengaruh penerapan tata kelola perusahaan terhadap profitabilitas perusahaan di Malaysia dengan menambahkan beberapa variabel selain ukuran dewan direksi dan komposisi komisaris independen antara lain; frekuensi rapat dewan komisaris, ukuran komite audit, frekuensi rapat komite audit umur perusahaan dan leverage sebagai variabel independen. Sedangkan, profitabilitas perusahaan diukur dengan return on asset (ROA) dan return on equity (ROE). Sampel yang digunakan dalam penelitian ini adalah 170 perusahaan non keuangan yang terdaftar di Bursa Efek Indonesia dengan tahun observasi 2012-2016. Regresi berganda digunakan untuk menguji hipotesisi. Hasil penelitian ini menunjukkan bahwa penerapan tata kelola perusahaan memberikan pengaruh signifikan terhadap profitabilitas perusahaan di Indonesia.

This research aims to identify the impact of capital structure on Indonesian firms’ performance, particularly on the magnitude of impact at the period prior to crisis, crisis, and the period following the crisis that happened in 2008. The Global Financial Crisis grants a chance to scrutinize the impact of crisis between capital structure and firm performance. Proxies used for capital structure are total debt to total assets, short-term debt to total assets, and long-term debt to total assets ratio. Moreover, firm performance is measured by accounting performance (Return on Asset and Return on Equity) and market performance (Price to Equity Ratio and Tobin’s Q). Samples used include all firms listed in Indonesia Stock Exchange (IDX) from the period 2004 up to 2017, excluding financial sector firms. This research posits that capital structure generally impacts firm performance negatively. The Global Financial Crisis (GFC) that happened in 2008 serves a greater negative impact of capital structure to firm performance than it is before and after crisis. This research is intended for use by firms as a perusal in managing its capital structure, for creditors in managing its lending, and for investors in investing, prominently in times of financial crisis.

This study analyzes the calculation of product costs in a company included in the category of MSMEs (Micro, Small and Medium Enterprises) in Indonesia, which is a sand mining company. This study uses a Cost System Design framework that consist of four aspects, namely quality data, external financial reporting, calculation of product costs, and controls and implementation of strategies that will affect the company's Cost System Design Stage. This study also uses standard cost and variance to analyze cost control. This qualitative research gathering data by using the triangulation method. The result is the company was in the first phase of the Four Stage Cost System Design. Based on the results, there are differences in production costs that are favorable. In addition, the results of this study also found deficiencies in the company's internal control system. In this study, there are limitations in the form of incomplete data obtained and some data are estimates from management. Research contributes to the results in the form of a calculation framework and design of a cost system for companies that is useful for calculating the cost of goods sold and inventory values that have not been calculated before.

The difference of interests among shareholders that is dominated by controlling shareholders enlarges the possibility of deprivation towards the minority shareholders' rights. Therefore, a dividend is considered as a tool to reduce conflict of interests between both parties with the assurance of pro-rata distribution of the company's resources. Family and institutional ownerships have unique characteristics that are frequently found in Indonesian firms. Thus, this study intended to analyze the impact of controlling ownership owned by family and institution to dividend policy in nonfinancial firms listed in Bursa Efek Indonesia (BEI) during 2013-2017. The samples are chosen with the purposive sampling method resulting in 373 firms and 1.484 observations obtained. The data used in this study was secondary data from firms' annual and financial reports along with data extracted from Capital IQ. According to the regression results using the fixed-effect model, this study confirms the negative impact of controlling ownership owned by families towards firms' dividend policy. Whilst, controlling ownership owned by institutions shows that it has no significant impact on dividend policy. Otherwise, profitability, size, and leverages are proven to impact firms' dividend policy. However, growth indicates no significant impact.