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The study aimed to investigate the role of non-financial measures in predicting corporate financial distress in the Indian industrial sector. The proportion of independent directors on the board and the proportion of the promoters’ share in the ownership structure of the business were the...
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holdings, suggesting the presence of a moral hazard problem. Moreover, using the system Generalized Method of Moments (GMM …
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. Looking at the firms’ corporate governance structures, we document a non-linear relationship between managerial ownership and …
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