Market Risk, Financial Distress, Board Gender Diversity, Trade Credit and Performance of Indonesia Consumer Goods Companies
Budiman(a), Jose Raci Farel(b*), Sita Aisha Gemala(c), Nicky Winiadi(d), Farah Margaretha Leon(e)

a) Universitas Trisakti, Jakarta
Jl. Letjen S. Parman No.1, RT.6/RW.16, Grogol, Kec. Grogol petamburan, Kota Jakarta Barat, Daerah Khusus Ibukota Jakarta 11440
b) Universitas Trisakti, Jakarta
Jl. Letjen S. Parman No.1, RT.6/RW.16, Grogol, Kec. Grogol petamburan, Kota Jakarta Barat, Daerah Khusus Ibukota Jakarta 11440
*joserfl241[at]gmail.com
c) Universitas Trisakti, Jakarta
Jl. Letjen S. Parman No.1, RT.6/RW.16, Grogol, Kec. Grogol petamburan, Kota Jakarta Barat, Daerah Khusus Ibukota Jakarta 11440
d) Universitas Trisakti, Jakarta
Jl. Letjen S. Parman No.1, RT.6/RW.16, Grogol, Kec. Grogol petamburan, Kota Jakarta Barat, Daerah Khusus Ibukota Jakarta 11440
e) Universitas Trisakti, Jakarta
Jl. Letjen S. Parman No.1, RT.6/RW.16, Grogol, Kec. Grogol petamburan, Kota Jakarta Barat, Daerah Khusus Ibukota Jakarta 11440

Abstract

The company must pay attention to factors influencing its performance. Pro-longed financial distress can lead to bankruptcy, especially when market risks increase. Good corporate governance such as considering gender diversity in the board, can impact company performance. Trade credit in working capital management is related to financing and company liquidity issues. The aim of this study is to examine the influence of financial distress, market risk, gender diversity, and trade credit on the performance of companies in the consumer goods sector in Indonesia. A total of 33 samples of companies were taken using secondary data and purposive sampling method on the Indonesia Stock Exchange for consumer goods companies in Indonesia from 2018 to 2022. Data processing was done using multiple regression and Eviews 9. The findings indicate that financial distress, market risk, and trade credit positively affects company performance. Board gender diversity has a significant negative effect on firm performance. The study is beneficial for companies and investors, particularly in the consumer goods sector in Indonesia, and contributes to the fields of economics and finance.

Keywords: Firm Performance- Market Risk- Financial Distress- Gender Diversity- Trade Credit

Topic: Economics