Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh ukuran perusahaan, leverage, kebijakan dividen, dan enterprise risk management (ERM) terhadap financial distress. Metode penelitian yang digunakan adalah metode deskriptif dan verifikatif. Populasi penelitian adalah sektor makanan dan minuman sebanyak 84 perusahaan yang terdaftar di Bursa Efek Indonesia tahun 2018-2022. Sampel yang digunakan sebanyak 43 perusahaan dengan menggunakan quota sampling. Teknik pengumpulan data menggunakan teknik observasi non partisipan sedangkan teknik analisis data menggunakan analisis regresi logistik menggunakan SPSS 26. Hasil penelitian menunjukkan bahwa ukuran perusahaan, kebijakan dividen, dan enterprise risk management (ERM) berpengaruh negatif dan signifikan terhadap financial distress, leverage berpengaruh positif dan signifikan terhadap financial distress.
Kata Kunci: Financial Distress, Ukuran Perusahaan, Leverage, Kebijakan Dividen, Enterprise Risk Management (ERM).

The purpose of this research is to know and analyze the influence of firm size, leverage, dividend policy, and enterprise risk management (ERM) on financial distress. The methods of study used are descriptive and vericular methods. The research population is food and beverage sector companies as many as 84 companies listed on Indonesia Stock Exchange period 2018-2022. The samples used are 43 companies using quota sampling. Data collection technique using non participant observation and data analysis using logistic regression analysis with SPSS (Statistical Package Social Sciences) 26. The result showed that firm size, dividend policy, and enterprise risk management (ERM) has a negative and significant effect on financial distress, leverage has a positive and significant effect on financial distress.
Keywords: Financial Distress, Firm Size, Leverage, Dividend Policy, Enterprise Risk Management (ERM).