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- Title
Bankruptcy prediction: Mediating effects of board size.
- Authors
Brédart, Xavier
- Abstract
This article investigates the role of board size on bankruptcy prediction. In this perspective, a logit regression, applied to a paired sample of 122 U.S. firms for 2007-2009, indicates two models. The first model uses financial ratios and stock market data as predictive variables; the second also includes corporate governance (board size) data. Our findings indicate that board size is negatively correlated to bankruptcy and reveal a mediating effect of board size on the relationship between stock prices and bankruptcy. This article sheds new light on the role of board size and its interaction with stock market variables in predicting corporate failure.
- Subjects
FORECASTING; FINANCIAL ratios; BANKRUPTCY; PREDICTION markets; STOCK exchanges
- Publication
Recherches en Sciences de Gestion, 2020, Issue 138, p243
- ISSN
2259-6372
- Publication type
Article
- DOI
10.3917/resg.138.0243