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The Effects of Board Size, Ownership and Diversification on Financial Distress Firms

Siti Aishah, Kassim (2010) The Effects of Board Size, Ownership and Diversification on Financial Distress Firms. Masters thesis, Universiti Utara Malaysia.

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Abstract

This study investigates the potential failures of Malaysian firms and this study is built upon the existing literatures on corporate governance and bankruptcy prediction. Based on the previous literature conceptualized by financial leverage, ownership structure, board size and corporate diversification is hypothesized to have an impact on the probability of financial distress. This study only focuses on corporate financial distress due to the failures in structuring corporate governance. The study will be developed to measure how the performance of the companies related to the financial distress. The finding indicates that beside financial characteristic, corporate governance relevant to corporate failures. The probability of financial distress, corporate governance, and financial characteristic are associated. According to the analysis, which based on the logistic regressions, it indicates that the financial leverage (total debt to total assets) and board size influenced significantly to the distressed firms. The other two variables which are ownership structure and corporate diversification did not influence significantly to the distressed firms.

Item Type: Thesis (Masters)
Uncontrolled Keywords: Corporate Governance, Financial Distress
Subjects: H Social Sciences > HG Finance
Divisions: College of Business (COB)
Depositing User: Mr Husni Ismail
Date Deposited: 20 Feb 2011 07:51
Last Modified: 24 Jul 2013 12:15
URI: http://etd.uum.edu.my/id/eprint/2270

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