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Corporate governance and the probability of default

Schultz, Emma; Tan, David; Walsh, Kathleen


We employ Merton's probability of default as a continuous ex-ante measure of the likelihood of firm failure and dynamic panel generalised method of moments to better characterise the relationship between corporate governance and the chance of default. In

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
Source: Accounting and Finance
DOI: 10.1111/acfi.12147


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