Pengaruh Kepemilikan Institusional, Komisaris Independen dan Komite Audit Terhadap Kondisi Financial Distress Perusahaan (Studi pada Perusahaan Sektor Transportasi dan Logistik yang Terdaftar di Bursa Efek Indonesia Periode 2018-2021)

Abstract

Financial distress is a stage of decline in financial conditions that occurs before bankruptcy occurs. The phenomenon of financial distress can occur for various reasons, but very often the cause of financial distress is due to problems with company management. One of the efforts made to overcome financial distress is to apply good corporate governance (GCG). The porpose of this study is to test whether good corporate governance has an influence on financial distress. The good corporate governance structures used in this study are institutional ownership, independent commissioners, and audit committees. This type of research is quantitative research. The data in this study is secondary data obtained through the official website of the Indonesia Stock Exchange from 2018 to 2021. The sampling method used was purposive sampling method and a total sample of 8 companies was obtained. The data analysis technique used in this study is multiple regression analysis using the SPSS 26 program. The results of this study indicate that institutional ownership has a significant influence with a negative relationship towards financial distress. Independent commissioners and audit committee have insignificant influence on financial distress. Other results, namely instutional ownership, independent commissioners, and the audit committee have a simultaneous influence on financial distress