THE TEST OF GENDER DIVERSITY AND FINANCIAL STRUCTURE TO THE COST OF FINANCIAL DISTRESS: EVIDENCE FROM INDONESIAN FAMILY BUSINESS
THE TEST OF GENDER DIVERSITY AND FINANCIAL STRUCTURE TO THE COST OF FINANCIAL DISTRESS: EVIDENCE FROM INDONESIAN FAMILY BUSINESS
Author : FARIDA TITIK KRISTANTI Published on : Global Trend in Academic Research
Abstract
This article examine effect of Gender diversity and capital structure to indirect cost of financial distress as it applies to family business in Indonesia. Family Business are those business with shareholder (single or family) owning more than 30%. By estimating these model through ordinary least square regression,panel data methodology, using a sample of Indonesian???s family Business that listed in Indonesian Stock Exchange period 2009-2012. Used of size as control variable I have obtain results that gender diversity impact to cost of financial distress in family business in Indonesia, furthermore financial structure and price book value does not impact to cost of financial distress. While if size not used as variable control, the results showed that gender dversity and leverage affect of financial distressed cost, but not with price book value. It means that family business in Indonesia is not different with another type of business, non-family business.
