MEDIASI FINANCIAL DISTRESS PADA GCG DAN KINERJA KEUANGAN PERBANKAN INDONESIA

Authors

  • Ella Fitria Universitas Terbuka
  • Irawati HM Universitas Borneo
  • Andi Harmoko Arifin Universitas Terbuka

DOI:

https://doi.org/10.34127/jrlab.v14i3.1763

Keywords:

Good Corporate Governance, Financial Distress, Financial Performance, Indonesia Stock Exchange

Abstract

This study aims to analyze the effect of Good Corporate Governance (GCG) on financial distress and financial performance, as well as to examine the role of financial distress as a mediating variable in banking companies in Indonesia. The research population consists of 23 banks listed on the Indonesia Stock Exchange during the 2019–2023 period, with a total of 115 observational units. The method employed is panel data regression using the Fixed Effect Model approach. The results indicate that GCG has no significant effect on either financial distress or financial performance. Conversely, financial distress is proven to have a significant effect on financial performance. Furthermore, financial distress does not mediate the relationship between GCG and financial performance. These findings suggest that although GCG plays an important role in governance, its effectiveness in reducing the risk of distress remains limited, while the financial performance of banks is more strongly influenced by internal factors such as liquidity, profitability, and macroeconomic conditions. This study contributes to the governance literature and provides practical implications for bank management and regulators in strengthening the stability of the financial sector.

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Published

2025-09-08

Issue

Vol. 14 No. 3 (2025): JURNAL LENTERA BISNIS, SEPTEMBER 2025

Section

JURNAL LENTERA BISNIS

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