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1 – 10 of 87Sara Sofia Gomes Mariano, Javad Izadi and Maurice Pratt
The purpose of this study is to investigate the impact of corporate governance structures on the likelihood of financial distress in UK listed companies. The paper examines the…
Abstract
Purpose
The purpose of this study is to investigate the impact of corporate governance structures on the likelihood of financial distress in UK listed companies. The paper examines the impact of borrowing and corporate governance structures on financial distress likelihood in UK companies.
Design/methodology/approach
The study uses a quantitative approach with financial, governance and borrowing measures and data from 270 firm-observations between 2010 and 2018. The study analyses the impact of borrowing and corporate governance structures to indicate financial distress likelihood in British companies. Corporate governance variables such as ownership concentration, independence indicators, chief executive officer duality, director remuneration and corporate loans are considered, as well as the UK Corporate Governance Code.
Findings
The results indicate that companies with low ownership concentration and a low degree of independence are more likely to incur financial distress. Larger boards and better director remuneration can reduce financial distress likelihood and the existence of corporate loans can increase this likelihood. Empirical consideration of corporate borrowing is a new contribution to the literature.
Originality/value
Variables are highlighted and aggregated that have not otherwise been studied together; the UK Corporate Governance Code’s main ideas are empirically supported; the study is useful for defining corporate governance structure strategies.
Details
Keywords
D. Brian Harrison and Maurice D. Pratt
Business process redesign, practiced in a wide range of industries, is uncovering new ways to organize work that, in turn, are creating breakthrough improvements. The authors…
Abstract
Business process redesign, practiced in a wide range of industries, is uncovering new ways to organize work that, in turn, are creating breakthrough improvements. The authors present a proven methodology and an action plan.
Examines the debate on internationalisation versus globalisation with specific reference to Tesco UK’s expansion into Ireland. First, Tesco UK and Tesco Ireland are introduced in…
Abstract
Examines the debate on internationalisation versus globalisation with specific reference to Tesco UK’s expansion into Ireland. First, Tesco UK and Tesco Ireland are introduced in their respective markets. Following this, an analysis of the relevant elements of the marketing mix is presented. The degree of consistency between the companies’ strategies and tactics is then examined with the help of the MIXMAP model. Finally, conclusions are drawn on the extent to which Tesco UK has had to adapt its marketing strategies to the sensitive Irish consumer.
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Kamel Naser and Maurice Pendlebury
This paper discussed the evolution of Islamic banks and their financial reporting practices. The paper reflected on religious justifications for establishing banks. In addition, a…
Abstract
This paper discussed the evolution of Islamic banks and their financial reporting practices. The paper reflected on religious justifications for establishing banks. In addition, a comparison between Islamic and commercial banks was provided.
An aircraft order worth $350 million (£184m) for six Rolls‐Royce powered Boeing 757s has been signed by Britain's leading leisure airline, Britannia Airways.
Dunlop Aircraft Tyres Division has been selected as the original equipment supplier by CMC for its Leopard business jet, which is designed to replace four/five seater propeller…
Abstract
Dunlop Aircraft Tyres Division has been selected as the original equipment supplier by CMC for its Leopard business jet, which is designed to replace four/five seater propeller aircraft towards the end of the decade.
Litton's Guidance & Control Systems division has received S24.5 million in new funding on previously awarded U.S. Air Force and foreign military sales contracts for production of…
Abstract
Litton's Guidance & Control Systems division has received S24.5 million in new funding on previously awarded U.S. Air Force and foreign military sales contracts for production of laser gyro navigation systems for fighter and transport aircraft.
Don Kennington, Alan Day, Gordon Wright and Peter Pocklington
IN 1972 the Public Libraries Research Group (PLRG) was presented with a discussion paper on public libraries and long range planning. The group had recently published its public…
Abstract
IN 1972 the Public Libraries Research Group (PLRG) was presented with a discussion paper on public libraries and long range planning. The group had recently published its public library aims and objectives statement and was looking for ways to assess future developments in these areas of management. Wennerberg in Sweden had just published a paper in the Unesco Bulletin on the Delphi technique as applied to special libraries, and reading this had stimulated the discussion paper. A search of the literature had revealed some references to the use of Delphi in industry, urban planning and professional areas such as medicine and higher education and, after considerable discussion, the group decided to accept the offer of the author and a colleague, Gordon Pratt, to attempt some research using this approach. The project organisers combined substantial and varied experience in a number of libraries with statistical knowledge and this combination proved to be highly desirable producing a truly multi‐disciplinary approach to the work.