Donker, Han; Santen, Bernard; Zahir, Saif - In: Applied financial economics 19 (2009) 19/21, pp. 1687-1696
This article examines the impact of ownership structure on the likelihood of financial distress of Dutch firms listed on the Amsterdam Stock Exchange (Euronext) from 1992 to 2002. We find that firms with higher levels of managerial shareholdings are less likely to experience financial distress....
