PENGARUH GOOD CORPORATE GOVERNANCE DAN MANAJEMEN RISIKO TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTARDI BURSA EFEK INDONESIA PERIODE 2018–2020

Abstract

The purpose of this research is to identify and analyze the effect of managerial ownership, institutional ownership, board of directors, independent commissioners, audit committee, and Enterprise Risk Management on financial distress of iproperty iand ireal iestate companies ilisted ion ithe iIndonesia iStock iExchange iperiod i2018–2020. iThe ipopulation of ithis istudy iare iproperty iand ireal iestate icompanies ilisted ion ithe iIndonesia iStock Exchange iin i2020. iBased ion ipurposive isampling imethod, ithe isample iobtained iwas i26 companies. The ianalysis itechnique iuses ilogistic iregression iwith iSPSS iprogram. The results showed that board of directors has a negative effect on financial distress. Meanwhile, managerial ownership, institutional ownership, independent commissioners, audit committees, and Enterprise Risk Management have no effect on financial distress.