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Board Of Directors' Effects On Financial Distress Evidence O Owned Businesses In Lebanon
The objective of this paper is to determine the managerial governance characteristics related to financial distress companies. The boards failed to accomplish their monitoring duties, which seemed to be one of the main reasons behind the actual financial distress and bankruptcy that swept the compa...
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| Format: | Article |
| Language: | English |
| Published: |
2013
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| LEADER | 01165nab a22001577a 4500 | ||
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| 008 | 160615b2013 xxu||||| |||| 00| 0 eng d | ||
| 100 | |a Salloum, Charbel C | ||
| 245 | |a Board Of Directors' Effects On Financial Distress Evidence O Owned Businesses In Lebanon |c Salloum, Charbel C. | ||
| 260 | |c 2013 | ||
| 300 | |a 59-75 | ||
| 520 | |a The objective of this paper is to determine the managerial governance characteristics related to financial distress companies. The boards failed to accomplish their monitoring duties, which seemed to be one of the main reasons behind the actual financial distress and bankruptcy that swept the companies across the planet. Through the analysis of a sample of 178 Lebanese non listed and owned family firms, the results showed that the boards (that have a higher proportion of outside directors) are less inclined to face a financial distress than the boards with a lower proportion. Besides, a different conclusion proves that the board | ||
| 650 | |a Board Of Directors And Bankruptcy | ||
| 650 | |a Corporate Governance | ||
| 650 | |a Financial Distress | ||
| 773 | |a International Entrepreneurship and Management Journal |d March | ||
| 999 | |c 42840 |d 42840 | ||