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Insider ownership and default risk : what does the data reveal about Japanese firms?
Haque, Humaira; Kabir, Md. Nurul; Abedin, Syeda Humayra; … - In: China Accounting and Finance Review 26 (2024) 3, pp. 354-384
Purpose The ownership structure in Japanese firms has experienced a significant change recently, fueled primarily by regulatory changes. This has important repercussions on corporate performance and risk. This paper examines the impact of insider ownership on the default risk of Japanese firms....
Persistent link: https://www.econbiz.de/10014636984
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Economic Policy Uncertainty and Stock Liquidity : The Role of Board Networks in an Emerging Market
Mbanyele, William - 2021
This study examines the role of board networks in promoting stock liquidity in periods of heightened economic policy … competitive industries. Secondly, we provide evidence that board networks promote stock liquidity more via the information channel … effects of economic policy uncertainty on stock liquidity …
Persistent link: https://www.econbiz.de/10013219803
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Corporate Governance and the Insolvency Risk of Financial Institutions
Ali, Searat - 2018
We investigate whether corporate governance is related to insolvency risk of financial institutions. Using a large sample of U.S. financial institutions over the 2005–2010 period, we find that corporate governance is positively related with insolvency risk of financial institutions as proxied...
Persistent link: https://www.econbiz.de/10012935690
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Corporate Governance and Financial Distress : A Discrete Time Hazard Prediction Model
Li, Zhiyong - 2015
Poor corporate governance can damage the interests of shareholders, and may lead to company collapse. Previous studies in credit risk prediction provide no consensus as to which and how corporate governance variables determine bankruptcy. This paper is the first to apply a discrete time hazard...
Persistent link: https://www.econbiz.de/10013018775
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CEO narcissism, corporate governance, financial distress, and company size on corporate tax avoidance
Kalbuana, Nawang; Taqi, Muhamad; Uzliawati, Lia; … - In: Cogent business & management 10 (2023) 1, pp. 1-22
This research aims to confirm the reliability of agency theory as an approach to explaining the impact of CEO narcissism, corporate governance as represented by boards of size and female directors, financial distress, and company size on corporate tax avoidance. In this quantitative study,...
Persistent link: https://www.econbiz.de/10014460828
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Corporate governance vs management of the intellectual capital of banks : structural equation modeling (SEM)
Smuda-Kocoń, Marlena - In: International journal of management and economics 55 (2019) 4, pp. 319-330
Objective: The aim of this paper is to identify basic relationships between intellectual capital efficiency in banks, their corporate governance, and their financial performance. Examining these relationships seems justified as up to now the topic has been investigated relatively rarely....
Persistent link: https://www.econbiz.de/10012198604
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How Does Shareholder Governance Affect the Cost of Borrowing?
Liu, Yukun - 2020
This paper examines the effect of shareholder governance on firms' cost of borrowing. Using voting results on shareholder-sponsored governance proposals, we find significant and negative reactions in the public debt and secondary loan markets to the passage of governance proposals. Banks also...
Persistent link: https://www.econbiz.de/10012854969
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The impact of non-performing loan sales on the stock market : the role of corporate governance in an emerging market
Pirgaip, Burak; Uysal, Aydın - In: Borsa Istanbul Review 23 (2023) 3, pp. 674-684
Over the past decade, one popular way for Turkish banks to remove nonperforming loans (NPLs) from their balance sheets has been to sell them to asset management companies. We examine the short-term market reaction to the announcements of such NPL sales over the period 2009-2019. We also consider...
Persistent link: https://www.econbiz.de/10014308822
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Corporate governance and corporate creditworthiness
Parnes, Dror - In: Journal of risk and financial management : JRFM 4 (2012) 1, pp. 1-42
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...
Persistent link: https://www.econbiz.de/10011555892
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Determinants of acquisition and failure : stylized facts and lessons for empirical studies
Köke, F. Jens - 2001
This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
Persistent link: https://www.econbiz.de/10011446202