Firms that follow excessive payout policies (over-payers) are higher on the financial distress spectrum and have lower survival rates than under-payers. In addition, over-payers endure future sales asset growth under-payers experience negative abnormal returns in bond stock markets. Exogenous import tariff reductions commodity price jumps reduce likelihood of overpayment. We interpret this as e...

This study uses 462,678 monthly observations of US-listed firms for the period 1990–2018 to document a strong positive relationship between short-term changes in financial distress risk and future stock price crashes. result is economically significant as one interquartile increase main explanatory variable any month increases probability crash by 8.33% relative its mean value. The findings wit...

This study aims to analyze the impact of financial distress and CEO Overconfidence on tax avoidance. The worse a company's difficulties, more likely company is engage in evasion. CEOs who are overly confident tend take evasion actions. population this Indonesian companies listed IDX from all industrial sectors. research was conducted sectors Indonesia with total sample 353 non-financial include...

Purpose – This study aims to investigate the impact of corporate governance mechanisms on financial distress in firms listed Indonesia Stock Exchange (IDX). Methodology/approach uses secondary data from statements firms, between 2014 and 2019. The number samples that met established criteria was 341 unbalanced panel, which were further analyzed using logistic regression sub-group analysis. Find...

This study aims to determine the effect of fraud triangle on financial distress moderated by good corporate governance. The population in this are state-owned companies listed Indonesia Stock Exchange 2017-2020 as many 20 companies. Sampling using purposive sampling, order obtain a sample 13 Data analysis used moderating regression with help SPSS version 26 for windows. results showed that pres...