Corporate Governance and Corporate Creditworthiness
We examine the relation between corporate governance and bankruptcy risk as an underlying force affecting a bond’s yield. The level of corporate governance is captured by the G-index, along with the explicit groups of governance provisions. We estimate bankruptcy risk by Z-score, by cash-flow-score,...
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| Format: | Article |
| Language: | English |
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MDPI AG
2011-12-01
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| Series: | Journal of Risk and Financial Management |
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| Online Access: | http://www.mdpi.com/1911-8074/4/1/1 |