Good Corporate Governance and Effect on Financial Distress
DOI:
https://doi.org/10.32528/issh.v2i3.432Keywords:
Board of Commissioners, Audit Committee, Institutional Ownership, Managerial Ownership, Financial DistressAbstract
The purpose of this study is to determine the impact of good corporate governance on the financial distress of property and real estate companies over the period 2017-2021. The method used in this study is a quantitative method. The data analysis technique used is panel data regression using Eviews 12. Panel data regression testing includes:Chow test, Hausman test, Lagrangian multiplier test, and adjusted R-squared coefficient of determination. The sample was conducted using a targeted sampling technique, resulting in a total of 12 company samples. As a result, in some cases, the board of commissioners variable had an influence on financial distress, in other cases, audit committees do not affect financial distress, and in other cases, institutional ownership does not affect financial distress. It turns out that in some cases ownership of land has had a negative impact on financial distress. At the same time, the variables “Board of Commissioners,” “Audit Committee,” “Institutional Ownership,” and “Management Ownership” also influence financial distress
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