Pengaruh Karakteristik Komite Audit Dan Struktur Kepemilikan Terhadap Financial Distress Dengan Leverage Sebagai Variabel Kontrol

Financial distress signals a dire state for a company's finances, often heralding potential bankruptcy. In this study, financial distress is gauged through the interest coverage ratio. The research aims to explore how Ownership Structure measured by managerial and institutional ownership and audit committee characteristics such as committee size, meeting frequency, and independence affect manufacturing companies listed on the Indonesia Stock Exchange. SPSS logistic regression model is employed for analysis. With a sample of 37 qualifying companies, findings reveal that neither the size of the audit committee, meeting frequency, nor independence, alongside institutional ownership, managerial ownership, and leverage, significantly impact the likelihood of financial distress. Moreover, dominant test results indicate that these points do not exert a dominant influence on financial distress probability.