lance0108 发表于 2010-6-17 06:37
financial distress and corporate governance: an empirical analysis
Fathi Elloumi, Jean-Pierre Gueyie. Corporate Governance. Bradford: 2001. Vol. 1, Iss. 1; pg. 15


Abstract (Summary)Relationships between corporate governance characteristics and financial distress status are examined for a sample of Canadian firms. Results from logit regression analysis of 46 financially distressed and 46 healthy firms leads to a conclusion that the board of director's composition explains financial distress, beyond an exclusive reliance on financial indicators. Supplemental results indicate that outside directors' ownership and directorship affect the likelihood of financial distress. Splitting financially distressed firms based CEO challenge as a proxy of turnaround strategies provides useful insights on corporate governance characteristics in financial distress.

小张在线 发表于 2010-6-17 07:14
http://scholar.google.com.hk/sch ... s_vis=1&oi=scholart