“…On the stimulation element (Vivianita & Indudewi, 2018;Devi, Widanaputra, Budiasih, & Rasmini, 2021) found that the ROA ratio had a positive effect on FSF, while (Demetriades & Owusu-Agyei, 2021) no. In the director's change capability, it affects the FSF (Aviantara, 2021;Xu, Lin, & Chen, 2018;Yulistyawati, Suardikha, & Sudana, 2019;Devi, Widanaputra, Budiasih, & Rasmini, 2021) while some research results were found to have no significant effect (Handoko & Tandean, 2021;Imtikhani & Sukirman, 2021;Demetriades & Owusu-Agyei, 2021;Vivianita & Indudewi, 2018). On the opportunity, Demetriades & Owusu-Agyei (2021), Devi, Widanaputra, Budiasih, & Rasmini (2021), and Imtikhani & Sukirman (2021) found that monitoring effectiveness affected FSF, while Handoko & Tandean (2021) did not.…”