%0 Journal Article %1 DailyDalton:1994 %A Daily, Catherine M. %A Dalton, Dan R. %D 1994 %J Academy of Management Journal %K business management theory %N 6 %P 1603--1617 %T Bankruptcy and Corporate Governance: The Impact of Board Composition and Structure %V 37 %X In this study, we examined the relationships among governance structures and corporate bankruptcy. A logistic regression analysis of bankrupt major corporations and a matched group of survivor firms indicated robust power for financial indicators, constituent common stock holdings, board of director quality, and corporate governance structures as predictors of bankruptcy. Specifically, the model indicates differences between the bankrupt and matched groups in proportions of affiliated directors, chief executives, board chairperson structure, and their interaction.

@article{DailyDalton:1994, abstract = {In this study, we examined the relationships among governance structures and corporate bankruptcy. A logistic regression analysis of bankrupt major corporations and a matched group of survivor firms indicated robust power for financial indicators, constituent common stock holdings, board of director quality, and corporate governance structures as predictors of bankruptcy. Specifically, the model indicates differences between the bankrupt and matched groups in proportions of affiliated directors, chief executives, board chairperson structure, and their interaction.}, added-at = {2010-03-02T17:25:53.000+0100}, author = {Daily, Catherine M. and Dalton, Dan R.}, bdsk-file-1 = {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}, bdsk-url-1 = {http://www.jstor.org/stable/256801}, biburl = {https://www.bibsonomy.org/bibtex/2406d36a8a208c7cfa4aee7fe1fa8af3d/jrennstich}, date-modified = {2010-02-28 21:03:31 -0500}, interhash = {799fc9c2db451101f362935e81210d20}, intrahash = {406d36a8a208c7cfa4aee7fe1fa8af3d}, journal = {Academy of Management Journal}, keywords = {business management theory}, month = {December}, number = 6, pages = {1603--1617}, timestamp = {2010-03-02T17:27:45.000+0100}, title = {Bankruptcy and Corporate Governance: The Impact of Board Composition and Structure}, volume = 37, year = 1994 }