Cao, Zhiyan; Leng, Fei; Feroz, Ehsan; Davalos, Sergio - In: Review of Quantitative Finance and Accounting 44 (2015) 1, pp. 113-138
We examine the relationship between corporate governance and default risk for a sample of firms cited in the Securities and Exchange Commission’s Accounting and Auditing Enforcement Releases (AAERs). Using hazard analysis of actual default incidence and OLS regressions of a continuous variable...
