Recent Development and Studies: CEO Duality and Firm Distress

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Recent Development and Studies: CEO Duality and Firm Distress

May 15, 2021 Economics and Management 0

The relationship between business performance and corporate governance structure, particularly leadership structure, is investigated in this study. The CEO duality has a significant impact on the leadership structure. This relationship has various facets and dimensions that may influence corporate performance, but this study concentrates on the extreme case when this relationship achieves its conclusion, namely the corporation’s collapse. This article has looked at the variables that can lead to a company’s failure to meet its goals and its governance’s incapacity to do so. For a ten-year period, data was collected from 385 bankrupt and 14.000 non-bankrupt unlisted Greek enterprises in order to create a model that indicated the likelihood of those firms incorporated under duality going bankrupt. Our empirical study adds to the body of knowledge on the implications of leadership structure when evaluating the likelihood of a company going bankrupt. These findings show that the likelihood of a dual leadership structure is increasing.

Author (s) Details

Georgios Kolias
Department of Accounting and Finance, University of Ioannina, Ioannina, Greece.

Nikolaos Arnis
Department of Accounting and Finance, University of Ioannina, Ioannina, Greece.

Efstratios Kypriotelis
Department of Accounting and Finance, University of Ioannina, Ioannina, Greece.

View Book :- https://stm.bookpi.org/IEAM-V9/article/view/942

 

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