This study investigates the inter-relationship between audit committee effectiveness, bank efficiency and risk-taking in seven ASEAN countries for the period 2010-2019. By using three-stage least squares (3SLS) method, we contribute to literature the relationship between audit committee...

Results of many previous studies on the rate of small business failure suggest an inverse relationship between size of business and propensity to fail. However, it has been suggested that this inverse relationship, between firm size and the rate of discontinuance, may more accurately be...

We examine the relation between corporate governance and bankruptcy risk as an underlying force affecting a bond's yield. The level of corporate governance is captured by the G-index, along with the explicit groups of governance provisions. We estimate bankruptcy risk by Z-score, by...

Restrukturierungsexpertise und Kreditsicherheit Hausbanken sind oft aktiv in die Restrukturierung und Sanierung ihrer notleidenden Firmenkunden involviert. Dieses Papier analysiert den Anreiz von Banken zum Aufbau von Restrukturierungsexpertise. Insbesondere untersuchen wir, wie diese Anreize...

Many researchers claim that the German universal banks’ great influence in corporate control is harmful, since these banks are often both debt holders and equity owners of the firm. However, in this paper I argue differently. Analyzing the banks’ role as investors, I find that, due to...

Using the Ordinary Least Square (OLS) estimation technique based on a sample of 180 listed firms from 2008 to 2018, this study investigates the impact of institutional ownership on firm performance in the Bangladeshi setting. Consistent with the "active monitoring" view, the results indicate...

The paper aims to investigate the effects of corporate social performance (CSP) on bankruptcy likelihood in times of economic upswing. This is important because prior related literature focused on data containing times of economic crises. We measure bankruptcy likelihood with the Altman Z score...

The Greek banking market developed considerably after the accession of Greece to the Eurozone, which was reflected on the growth of number of banks, banking network and number of employees. The application of the austerity program in Greece had serious consequences on the Greek banking market....

Derivative financial instruments play a major role in financial markets. However, there are rather contradictory views regarding this issue. Their impact on the financial markets, their stability and the economy have not been thoroughly examined. The aim of this paper is to analyse derivatives...

This paper gauges, both qualitatively and quantitatively, the pertinent variables to corporate governance practices and their relationship to business productivity in the context of the Kingdom of Saudi Arabia. This study was conducted in response to the limited literature in this context. A new...