Scholarly Contribution to Database/Website
Is Corporate Governance a good predictor of financial distress within firms?
Margaret Abernethy, Jennifer Grafton, Naomi Soderstrom
Published : 2016
Understanding determinants of financial distress is of interest to a large range of stakeholders. Using data from a banking industry partner, this paper explores whether including subjective ('soft') and objective ('hard') factors related to governance provides incremental information about company prospects. Furthermore, the paper reflects upon whether existing models that predict financial distress can be improved.