Good Corporate Governance Mechanisms and Financial Performance in Controlling Financial Distress

نویسندگان

چکیده

Purpose – This study aims to investigate the impact of corporate governance mechanisms on financial distress in firms listed Indonesia Stock Exchange (IDX). Methodology/approach uses secondary data from statements firms, between 2014 and 2019. The number samples that met established criteria was 341 unbalanced panel, which were further analyzed using logistic regression sub-group analysis. Findings concludes (independent commissioners board size commissioners), has a mixed distress. larger commissioners, better company's condition, while proportion independent no significant effect Profitability consistently Ownership i.e. state-owned enterprises (SOE) non-state-owned (NSOE) change direction liquidity, leverage Novelty/value Sub-group company ownership variables (i.e. SOE NSOE) is novelty this study. In addition, provides insight for companies always pay attention profitability avoiding selection who have relevant experience background managing company.

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ژورنال

عنوان ژورنال: Adpebi International Journal of Business and Social Science

سال: 2023

ISSN: ['2807-6435']

DOI: https://doi.org/10.54099/aijbs.v3i1.542