Pengaruh Karakteristik Komite Audit dan Length Of Listing terhadap Financial Distress dengan Intellectual Capital Sebagai Variabel Moderasi pada Perusahaan Property & Real Estate di Bursa Efek Indonesia

Abstract

The objective of this research is to delve into the effects of characteristics of auditing committee on financial distress. Characteristics of auditing committee employed in this research comprise number of auditing committee, frequency of auditing committee meetings, number of finance experts in the auditing committee, and length of listing. Intellectual capital serves as the moderating variable. The population is made up of 65 property and real estate companies listed on Indonesia Stock Exchange over the period from 2016 until 2020. Using purposive sampling method, a total of 38 companies are obtained as the sample. The financial di.stress criteria are assessed by applying Modified Altman Z-Score. The data are analysis is made using logistic regression with E-Views software. The research findings demonstrate that number of auditing committee, frequency of auditing committee meeting, number of finance experts in the auditing committee, and length of listing simultaneously have significant effects on financial distress. The results of partial tests show frequency of auditing committee meetings and length of listing positively and significantly affect financial distress. Number of auditing committee and number of finance experts in the auditing committee do not have any significant effects on financial distress. Intellectual Capital cannot moderate the effects of number of auditing committee, frequency of auditing committee meetings, number of finance experts in the auditing committee, and length of listing on financial distress.