Pengaruh Good Corporate Governance, Operating Capacity, dan Intellectual Capital terhadap Financial Distress

Abstract

This study aims to find out the effect of Good Corporate Governance variables, proxied by the Board of Directors, Independent Commissioners, and Institutional Ownership, as well as Operating Capacity and Intellectual Capital variables on Financial Distress. The objects of this study are companies in the Property and Real Estate sector listed on the Indonesia Stock Exchange (IDX) during the 2021-2025 period. The research method used is quantitative. The sample selection was done using the Purposive Sampling method, resulting in 250 data samples or 50 companies. There were 110 outlier data samples or 22 companies, so the data used in the study amounted to 140 data samples or 28 companies. The data analysis technique used is panel data regression analysis, with data processed using E-views 12. The results of the study show that the Board of Directors, Independent Commissioners, Institutional Ownership, Operating Capacity, and Intellectual Capital simultaneously affect Financial Distress. In addition, the Board of Directors, Institutional Ownership, Operating Capacity, and Intellectual Capital partially affect Financial Distress. Meanwhile, Independent Commissioners do not partially affect Financial Distress.