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September 5, 2025Jurnal Akademi AkuntansiOpen Access

The role of corporate governance and leverage on financial distress

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The audit committee and board of commissioners significantly reduce financial distress, indicating their importance in governance.
Leverage exhibits a positive correlation with financial distress, suggesting higher debt levels can exacerbate company challenges.
The study utilized logistic regression analysis on 332 observations from Indonesian transportation and tourism companies over four years.
Research highlights the need for additional variables in future studies, as 36.6% of financial distress factors remain unexplained.

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Analysis reveals board of commissioners and audit committee reduce financial distress, while leverage increases it.

Wati et al. (2025) studied this question.

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