Analysis of the Influence of Audit Committee Characteristics, Managerial Ownership on Financial Distress (Research on Property and Real Estate Sector Companies Listed on the Indonesia Stock Exchange in 2021-2023)

This investigation seeks to examine the impact of Audit Committee Size, Audit Committee Independence, Audit Committee Competence, Audit Committee Meeting Frequency, and Managerial Ownership variables on Financial Distress within Property and Real Estate Sector firms listed on the Indonesia Stock Exchange during the period 2021–2023. The study population comprises 92 companies in the property and real estate sector. Employing a purposive sampling method, a sample of 54 companies was selected for analysis. The analysis tool used for data processing is SPSS 29 software. The findings of this study are as follows: 1) Audit Committee Size, Audit Committee Independence, Audit Committee Competence, Audit Committee Meeting Frequency, and Managerial Ownership collectively exert no statistically significant simultaneous effect on Financial Distress. 2) The magnitude of the Audit Committee does not influence financial distress. 3) The degree of independence within the audit committee bears no impact on financial distress. 4) The proficiency of the audit committee fails to affect financial distress. 5) The recurrence of audit committee meetings exhibits a significant inverse relationship with financial distress. 6) Managerial ownership does not significantly affect financial distress