The Effect Of Good Corporate Governance And Financial Ratios On Financial Distress

Anisa Ramadani, Intan Shaferi, Fitri Amalinda Harahap, Bagus Ardiannova

Abstract


This study aims to examine the effect of good corporate governance and financial ratios on financial distress. The population of this study consisted of 168 infrastructure, utility and transportation companies in 2018-2022 listed on IDN Financials. The sample collection method used was purposive sampling, and 30 companies were obtained as samples in this study. The data analysis technique used in this research is panel data regression analysis and uses a quantitative approach. The analysis tool used is Eviews 12. The results of hypothesis testing show that institutional ownership, board of directors and liquidity have a negative effect on financial distress while managerial ownership, board of commissioners, independent commissioners, audit committee, profitability and leverage have no effect on financial distress.

Keywords: Good Corporate Governance, Financial Ratios, Financial Distress


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