Purpose: This research aims to analyze the influence of the board of commissioners, audit committee, directors, and leverage on financial distress. Methodology/approach: The population of this study consists of transportation and tourism sector companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. Purposive sampling technique was applied, resulting in a final sample of 332 observation data. The data obtained was analyzed using the logistic regression tool by IBM SPSS 25. Findings: The results of this study indicate that the board of commissioners and the audit committee have a negative impact on financial distress, while leverage has a positive impact on financial distress. However, the board of directors does not have a negative impact on financial distress. Practical and Theoretical Contribution/ Originality: Theoretically, the results of this research contribute to accounting literature, especially corporate governance. In practice, it helps companies understand the influence of corporate governance and leverage within the company on the possibility of financial distress Research Limitation: This research only focuses on transportation and tourism companies, so it cannot reflect all companies listed on the Indonesian stock exchange. Even though the dependent variable in the research was able to be explained by 63.4 percent of the independent variables, which is considered quite large, there are still around 36.6% of other variables that influence it. Therefore, in future research it is hoped that other variables can be added such as ownership and risk committee variables.
Wati et al. (Tue,) studied this question.