The Effect of Sales Growth, Company Size, and Good Corporate Governance on Financial Distress In Trading Companies In The Retail Trade Sub-Sector Listed On The Indonesia Afek Exchange For The 2018-2020 Period

Abstract

This research was conducted in 2022. This study aims to knowing the effect of sales growth, company size, and good corporate governance on financial distress. The samples used in this study were sub-retail trading companies listed on the Indonesia Stock Exchange for the period 2018 to 2020. Based on the sampling method using the purposive sampling method, a sample of 24 companies was obtained for 3 (three) years of observation from 2018 up to 2020 with 72 observations (observations). The data analysis technique used in this study is descriptive statistical analysis, multiple linear analysis and hypothesis testing using the SPSS 26 program. The results of this study indicate that sales growth, company size and audit committee have an effect on financial distress, while the board of commissioners is independent, managerial ownership and institutional ownership has no effect on financial distress, there is the contribution of this study that fills the gaps about the effect of sales growth, company size, and good corporate governance on financial distress in Indonesia. Therefore, the effect of sales growth, company size, and good corporate governance on financial distress are proved and cobtribute to knowledge