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首页> 外文期刊>International journal of business governance and ethics >Corporate governance and firms in financial distress: evidence from a Middle Eastern country
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Corporate governance and firms in financial distress: evidence from a Middle Eastern country

机译:公司治理与企业陷入财务困境:来自中东国家的证据

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The objective of this paper is to determine the managerial governance characteristics related to financially distress companies. The failure of boards to accomplish their monitoring duties seemed to be one of the main reasons behind the actual financial distress and bankruptcy that swept companies across the planet. Through the analysis of a sample of 178 Lebanese non-listed and family owned firms, the results showed that the boards (that have a higher proportion of outside directors) are less inclined to face financial distress than the boards with a lower proportion. In addition, a different conclusion proves that the board's size and financial distress are directly linked. The paper highlights the extent to which financial distress is associated with corporate governance from a Euro Mediterranean country. It would be a source of education to Lebanese investors, who excessively go for short-term returns, and of help to regulatory authorities in the framework of making policies on corporate governance reformation.
机译:本文的目的是确定与财务困境公司相关的管理治理特征。董事会未能履行其监督职责似乎是席卷全球企业的实际财务困境和破产的主要原因之一。通过对178家黎巴嫩非上市家族企业的样本进行分析,结果表明,董事会(外部董事所占比例较高)比那些比例较低的董事会更不愿面对财务困境。另外,一个不同的结论证明董事会的规模和财务困境直接相关。本文重点介绍了来自地中海欧洲国家的财务困境与公司治理的关联程度。这将成为黎巴嫩投资者的教育之源,他们过度追求短期收益,并在制定公司治理改革政策的框架内为监管机构提供帮助。

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