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Full-Text Articles in Business
Corporate Governance And Stock Liquidity In Australia: A Pitch, Searat Ali
Corporate Governance And Stock Liquidity In Australia: A Pitch, Searat Ali
Faculty of Business - Papers (Archive)
This pitch research letter (PRL) applies the pitch template developed by Faff to an academic project in corporate finance; that is, corporate governance and market microstructure, namely, stock liquidity for Australian firms. The pitch template is useful in identifying the core elements that form the framework of research project. This PRL encloses a brief background about the pitcher and pitch, followed by a brief commentary on the pitch and personal reflections of the pitcher on the pitch exercise itself.
Corporate Governance And The Insolvency Risk Of Financial Institutions, Searat Ali, Jamshed Iqbal
Corporate Governance And The Insolvency Risk Of Financial Institutions, Searat Ali, Jamshed Iqbal
Faculty of Business - Papers (Archive)
We investigate whether corporate governance is related to insolvency risk of financial institutions. Using a large sample of U.S. financial institutions over the 2005-2010 period, we find that corporate governance is positively related with insolvency risk of financial institutions as proxied by Merton's distance to default measure and credit default swap spread. We also find that "better" corporate governance increased insolvency risk relatively more for larger financial institutions and during the period of the global financial crisis. Our findings suggest that too-big-to fail and deposit insurance policies encourage excessive risk taking by financial institutions.