Determinants of Financial Distress on Retail Companies in Indonesia

This study aims to examine the effect of board size on financial distress with the proportion of independent commissioners as a variable that moderates the relationship between board size and financial distress. The population in this study are retail companies listed on the Indonesia Stock Exchange (IDX) in 2018-2021 with the total population is 116. The sampling technique in this study used purposive sampling. The sample size obtained based on this method is 84. The analytical method used is moderate regression analysis. The results of this study indicate that the size of the board of directors has a positive effect on financial distress. Meanwhile, the proportion of independent commissioners as a moderating variable has no effect on financial distress.