Abstract :
Financial distress is the inability of a company to meet the company's short-term obligations. If a company cannot get out of these conditions, then a company will go bankrupt. The purpose of this study is to examine and analyze the effect of business strategy, board size, board composition, independence of the board of directors and independence of the board of commissioners on the occurrence of financial distress. The population in this study is transportation and logistics sector companies listed on the IDX for the 2018-2022 period. Sampling was carried out using documentation methods with a total sample of 103 data, and the data was tested using SPSS version 26. The results of this study show that business strategy strategy, board size, board composition, and independence of the board of directors have no effect on financial distress. Meanwhile, the independence of the board of commissioners negatively affects financial distress.