This article intends to review the theoretical aspects and empirical evidences made on
agency theory. It is aimed to explore the main ideas, perspectives, problems and issues …

This paper provides evidence of risk‐shifting behavior in the investment decisions of
financially distressed firms. Using a real options framework, I show that shareholders' risk …

Are restrictive covenants effective mechanisms in mitigating agency problems? Is the
magnitude of the increase in the cost of debt due to agency problems non-trivial? We tackle …

Corporate governance reforms have evolved over time, but few studies have addressed firm
compliance with corporate governance standards in the context of an emerging market like …

This paper examines the impact of corporate governance on corporate risk-management
activities in S&P 500 firms over the period 2004–2010 by measuring the characteristics of …

This study aims to identify the board of directors' characteristics affecting commercial banks'
performance in Vietnam. The paper is based on the data collected over eleven years (2010 …

This study examines whether the agency problem regarding credit risk is a useful corporate
governance mechanism for controlling credit risk. For this purpose, we estimate the impact of …

This empirical paper investigates the paths leading to the resolution of financial distress for a
sample of small and medium-sized French firms in default, focusing in particular on their …

When corporations file for bankruptcy, they choose whether to enter Chapter 71 or Chapter
11.2 Under Chapter 7, the firm is liquidated: Its assets are sold off, and the proceeds are …

The study aims to estimate the effect of leverage on non-performing loans in Vietnamese
commercial banks from 2010 to 2020. This article uses qualitative (expert interviews, namely …