Development Analysis of Good Corporate Governance in Its Role on Financial Distress: Systematic Literature Review

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Published: Jul 31, 2025
DOI: https://doi.org/10.46806/ja.v14i1.1405
Keywords:
Good corporate governance, financial distress, financial difficulties

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Fitri Damayani
Accounting Science Department, Sriwijaya University
Luk Luk Fuadah
Accounting Science Department, Sriwijaya University
Emylia Yuniarti
Accounting Science Department, Sriwijaya University

Abstract

This study aims to determine the development, role, and gaps in research literature related to the relationship between GCG and financial distress. The method used is Systematic Literature Review (SLR) using articles from Science Direct, Emerald, Proquest, Taylor & Francis, and DOAJ. There are 35 articles classified based on publication year, country of study, company sector, theory, dependent and independent variables. The articles are divided into three timelines: before pandemic, during pandemic, and after pandemic. The results of this study show that there is development in terms of the company sector, GCG variables used, and measurement of financial distress. The summary of the influence of GCG provides insight that these variables can play a role in overcoming financial distress through audit committee, number of board members, independence of directors and commissioners, audit committee competence, gender diversity, and ownership. The results also found a significant research gap in terms of research type, research country, company sector, GCG variables, and financial distress measurement. This research is expected to provide information for companies to pay attention to the currently developing GCG variables and provide information for further researchers to develop the topic to obtain more comprehensive results.

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How to Cite
Damayani, F., Fuadah, L. L., & Yuniarti, E. (2025). Development Analysis of Good Corporate Governance in Its Role on Financial Distress: Systematic Literature Review. Jurnal Akuntansi, 14(1), 88–104. https://doi.org/10.46806/ja.v14i1.1405
Issue
Vol. 14 No. 1 (2025): Februari - Juli 2025
Section
Articles
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This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

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