Bank power, block ownership, boards and financial distress likelihood: An investigation of Spanish listed firms
(2020)
Journal Article
Mangena, M., Priego, A. M., & Manzaneque, M. (2020). Bank power, block ownership, boards and financial distress likelihood: An investigation of Spanish listed firms. Journal of Corporate Finance, 64, Article 101636. https://doi.org/10.1016/j.jcorpfin.2020.101636
We investigate the effects of bank power, block ownership and board independence on the likelihood of financial distress. Using a matched sample design, we find that firms in which banks have power are more likely than their counterparts to enter fin... Read More about Bank power, block ownership, boards and financial distress likelihood: An investigation of Spanish listed firms.