... companies impacts financial performance negatively, causing a decline in market valuation and exacerbating financial distress. However, robust national governance mitigates the adverse effects of financialization on a firm’s valuation, although its impact on financial stability is limited. The study offers...

...Mohamed Zaki Balboula; Mona Ahmed Shemes Purpose This study examines how financial distress affects the capital structure of Egyptian firms following the 2016 currency flotation, examining the moderating roles of board characteristics and ownership structure. Design/methodology/approach...

...Asad Mehmood; Francesco De Luca Purpose This study aims to develop a model based on the financial variables for better accuracy of financial distress prediction on the sample of private French, Spanish and Italian firms. Thus, firms in financial difficulties could timely request for troubled debt...

...John M. Trussel; Patricia A. Patrick Purpose The purpose of this paper is to develop a model to assess and rank the financial risk of a municipal government (“municipality”). Financial risk is the likelihood that a municipality will experience financial distress. Design/methodology/approach...