Financial distress and corporate governance: an empirical analysis

By Fathi Elloumi, Jean-Pierre Gueyie. 2001

353 citations recorded by the source corpus.

Subfields: Accounting

View Paper: https://www.semanticscholar.org/paper/4976e1e2b750be7e3c2baa965fd4bd01c1d1c310

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In Accounting

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Citations in the corpus

• Boards of Directors and Firm Performance: Is There an Expectations Gap? (2006, neutral): “In fact, prior research has shown stronger and more consistent findings on the relation between corporate governance and firm performance where firm performance is proxied by financial distress or firm survival (Daily and Dalton 1994; Elloumi and Gueyie 2001; Hambrick and D’Aveni 1992; Pfeffer 1972)”
• Corporate governance characteristics and default prediction modeling for small enterprises. An empirical analysis of Italian firms (2015, background): “Elloumi and Gueyié (2001) with a sample of 92 Canadian firms (46 failed and 46 not) find that adopting a combination of corporate governance variables and economic–financial ratios increases default prediction model accuracy rates (the percentage of correctly classified firms increases from 70.6%…”
• Corporate Governance and Bankruptcy Risk (2016, neutral): “This is consistent with the literature that reports a negative relationship between CEO power and operating performance (R. B. Adams, Almeida, & Ferreira, 2005; Daily & Dalton, 1994; Elloumi & Gueyie, 2001).”
• Corporate governance effect on financial distress likelihood: Evidence from Spain (2016, background): “Regarding the relationship between the presence of outside directors on the board and business failure, Gueyie and Elloumi (2001) and Wang and Deng (2006) conclude that firms with higher proportion of outside directors are less likely to fail due to the fact that they are more efficient in imposing…”
• The effects of corporate governance on financial performance and financial distress: evidence from Egypt (2015, background): “To validate this association, the basic stream of numerous studies in this field is devoted to clarifying how CG mechanisms in healthy firms differ from those in distressed firms and their impact on the probability of default (Daily and Dalton, 1994; Elloumi and Gueyié, 2001; Lee and Yeh, 2004; Wang”
• CORPORATE GOVERNANCE AND FIRM PERFORMANCE: EMPIRICAL EVIDENCE FROM VIETNAM (2013, background): “For example, Elloumi and Gueyié (2001) concluded that firms with high ratio of independent directors in a board face less frequent financial pressure.”