Corporate Governance, Financial Ratios, Political Risk and Financial Distress: A Survival Analysis

Corporate Financial Distress: An Empirical Analysis of Distress Risk

Life Insurer Financial Distress, Best's Ratings and Financial Ratios

This study compares the predictive ability of: (1) ratings, rating changes and total assets; (2) financial ratios; and (3) financial ratios combined with ratings and rating changes on a sample of forty-eight insolvent life insurers over the period 1990 to 1992. Based on the expected cost of misclassification, ratings, rating changes and total assets have comparable predictive ability to financi...

Managerial Preferences , Corporate Governance , and Financial Structure ∗

Conflicts of interest between insiders (e.g, controlling shareholders) and outsiders (e.g., minority shareholders) are central to the analysis of modern corporation. In an integrated continuous-time contingent claims framework with imperfect corporate governance, we examine a controlling shareholder’s optimal choice of capital structure, ownership concentration, private benefit diversion, consu...

Exploiting Corporate Governance and Common Size Analysis for Financial Distress Detecting Models

Traditionally, statistical techniques such as multivariate discriminant analysis and logistic regression analysis have been applied for predicting financial distresses by analyzing financial ratios. In addition to statistical methods, recent studies suggest that backpropagation neural networks (BPNs) and support vector machines (SVMs) can be alternative approaches for classification tasks. Henc...

Corporate Governance and the Indonesian Financial System Corporate Governance and the Indonesian Financial System: A Comparative Perspective

Financial systems reform and corporate reform are deeply intertwined and thus are best addressed simultaneously and comprehensively. Indonesia is seeking to do this by developing rules, institutions, and mechanisms to achieve good corporate governance, while working to build an effectively functioning financial system that facilitates good corporate governance. This paper explores this quest in...