This study aims to determine the influence of Good Corporate Governance mechanism on Financial Distress State-Owned Business Enterprises listed on the Indonesia Stock Exchange during the period 2009-2019. This research use independent variables are Good Corporate Governance with indicators of institutional ownership, managerial ownership, the proportion of independent commissioners, and audit committee. Quantitative method as the main method, then the main data on research is quantitative data. This research sample was selected by purposive sampling and the analysis technique in this study use the regression analysis of panel data. The program used to process data is Eviews 9. The results showed that partial institutional ownership and the composition of the independent board of commissioners had an influence on Financial Distress while institutional ownership and audit committees had no partial influence on Financial Distress.


Keywords: institutional ownership, managerial ownership, the proportion of independent commissioners, audit committee, Financial Distress, Good Corporate Governance