PENGARUH GCG DAN RASIO KEUANGAN TERHADAP FINANCIAL DISTRESS PERUSAHAAN PROPERTY REAL ESTATE

Abstract

This research aims to examine the influence of GCG (Good Corporate Governance) and Financial Ratios on Financial Distress listed on the Indonesia Stock Exchange (BEI). The independent variables used in this research are GCG (Good Corporate Governance) which is proxied by Managerial Ownership, Institutional Ownership, Audit Committee, and Financial Ratios which are proxied by Liquidity Ratio, Leverage Ratio (Debt to Assets Ratio), and Profitability Ratio (Return On Assets). Based on predetermined criteria, the samples obtained were 14 property and real estate companies listed on the Indonesia Stock Exchange (BEI) with a research period of 5 years, namely 2018-2022. The collection technique uses a purposive sampling method. The analytical method used is multiple linear regression using the SPSS (Statistical Product and Service Solution) Version 26 application. The results of this study show that managerial ownership, institutional ownership, audit committee, liquidity ratio (Current Ratio), and leverage ratio (Debt to Assets Ratio) influences financial distress. Meanwhile, the profitability ratio (Return On Assets) has no effect on financial distress.