Corporate governance and the probability of default

Schultz, EmmaTan, DavidWalsh, Kathleen2015-12-130810-5391http://hdl.handle.net/1885/70439We 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. InCorporate governance and the probability of default201510.1111/acfi.121472015-12-11