Board size, CEO traits, and leverage impact financial distress in Indonesia.
The study looked at how the size of a company's board of commissioners, CEO characteristics, and leverage affect the likelihood of financial distress in manufacturing companies in Indonesia from 2016 to 2020. They analyzed data from 72 companies and found that the board size, CEO gender, and leverage all have a significant impact on financial distress. However, the education level of the CEO does not seem to affect the likelihood of financial distress.