Corporate Governance Effect on Financial Distress in Indonesian FMCG Companies
Journal Title: International Journal of Social Science Humanity & Management Research - Year 2023, Vol 2, Issue 01
Abstract
Financial Distress is the alerted and feared by all of companies, both local and international companies and also become a main cause of companies to bankrupt. The main cause of financial distress is an ineffective corporate governance to solve the financial problem which lead the financial distress. The aim of this study is to investigate the effect of corporate governance that cause financial distress at FMCG companies in Indonesia. The examined variable in this study were Board Size, Board Independence, CEO Tenure and CEO Duality. This study used secondary data from 48 FMCG companies with 288 total sample in purposive sampling method. The statistical method used logistic regression for analyzed the data. The result of this study reveal that Board Size has significant effect on financial distress meanwhile Board Independence, CEO Tenure and CEO Duality has no significant effect on the cause of financial distress at FMCG companies in Indonesia during 2016-2021 period.
Authors and Affiliations
Darryl, Yusbardini
Keywords
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