The Effect of Managerial Ownership and Leverage on Financial Distress in Bumn Companies Listed at Indonesia Exchange In 2017-2022

Abstract

Researching The Effects Of Managerial Ownership And Leverage On Financial Distress In BUMN Listed On The Indonesia Stock Exchange In 2017�2022 was the purpose of this research. Purposive sampling strategies were employed to get samples for the quantitative associative investigation. The research data reviewed in this study totaled 54 observations, with the sample consisting of 9 firms out of 25 BUMN companies registered on the Indonesia Stock Exchange between 2017 until 2022. Multiple linear regression analysis utilizing Eviews 12 software is the panel data analysis method used in this study. The study's findings indicate that while ownership has a negative and significant impact on financial hardship, leverage as determined by the debt to equity ratio also has a negative and significant.