Investigating the Effect of Board Composition and Ownership Structure on the Financial Distress

April 1, 2025Accounting and Corporate Governance Research پژوهش های حسابداری و راهبری شرکتیOpen Access

View Full Paper

Ask AI

Bookmark

Share

Key Points

The study aims to explore how board characteristics and ownership structure affect financial distress in companies listed on the Tehran Stock Exchange.
Descriptive correlational study analyzing 165 companies over the period from 2016 to 2021.
Data analyzed using panel data methods and hypothesis testing via logistic regression.
A significant negative relationship exists between financial distress probability and board size, board independence, audit committee size, and audit committee independence.
A significant positive relationship is found between ownership concentration and financial distress probability.
Institutional ownership and managerial ownership do not show a significant relationship with financial distress.

Correlational study investigates the link between governance features and financial distress in companies.

No abstract yet. The journal hasn't published one we can show.

No takes yet. Share an insight, caveat, or question.

Shahbazi et al. (2025) studied this question.

View Full Paper

Ask AI

Bookmark

Share