Anginer, Deniz; Demirguc-Kunt, Asli; Huizinga, Harry; … - Economics Research, World Bank Group - 2014
-08 period. Banks are special in that"good"corporate governance increases bank insolvency risk relatively more for banks that are …This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as … proxied by the Z-score and the Merton's distance to default measure, for an international sample of banks over the 2004 …