{"id":"https://openalex.org/W2940838504","doi":"https://doi.org/10.14419/ijet.v7i4.28.22385","title":"Review of Corporate Governance Practices and Financial Distress Prediction","display_name":"Review of Corporate Governance Practices and Financial Distress Prediction","publication_year":2018,"publication_date":"2018-11-30","ids":{"openalex":"https://openalex.org/W2940838504","doi":"https://doi.org/10.14419/ijet.v7i4.28.22385","mag":"2940838504"},"language":"en","primary_location":{"id":"doi:10.14419/ijet.v7i4.28.22385","doi":"https://doi.org/10.14419/ijet.v7i4.28.22385","is_oa":true,"landing_page_url":"https://doi.org/10.14419/ijet.v7i4.28.22385","pdf_url":"https://www.sciencepubco.com/index.php/ijet/article/download/22385/10984","source":{"id":"https://openalex.org/S4210200385","display_name":"International Journal of Engineering & Technology","issn_l":"2227-524X","issn":["2227-524X"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","jufo-1","norway-1","poland-20"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Engineering & Technology","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://www.sciencepubco.com/index.php/ijet/article/download/22385/10984","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5078154425","display_name":"Syed Muhammad Ahmad Hassan Gillani","orcid":"https://orcid.org/0000-0002-1149-4902","observed_orcids":["https://orcid.org/0000-0002-1149-4902"]},"institutions":[{"id":"https://openalex.org/I4576418","display_name":"University of Technology Malaysia","ror":"https://ror.org/026w31v75","country_code":"MY","type":"education","lineage":["https://openalex.org/I4576418"]}],"countries":["MY"],"is_corresponding":true,"raw_author_name":"Syed Muhammad Hassan Gillani Ahmad","raw_affiliation_strings":["Azman Hashim International Business School, Universiti Teknologi Malaysia (UTM), 81310 Johor Bahru, Johor, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Azman Hashim International Business School, Universiti Teknologi Malaysia (UTM), 81310 Johor Bahru, Johor, Malaysia","institution_ids":["https://openalex.org/I4576418"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103244859","display_name":"Suresh Ramakrishnan","orcid":"https://orcid.org/0000-0002-1894-8153","observed_orcids":["https://orcid.org/0000-0002-1894-8153"]},"institutions":[{"id":"https://openalex.org/I4576418","display_name":"University of Technology Malaysia","ror":"https://ror.org/026w31v75","country_code":"MY","type":"education","lineage":["https://openalex.org/I4576418"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Suresh Ramakrishnan","raw_affiliation_strings":["Azman Hashim International Business School, Universiti Teknologi Malaysia (UTM), 81310 Johor Bahru, Johor, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Azman Hashim International Business School, Universiti Teknologi Malaysia (UTM), 81310 Johor Bahru, Johor, Malaysia","institution_ids":["https://openalex.org/I4576418"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5076811495","display_name":"Hamad Raza","orcid":"https://orcid.org/0000-0003-3002-6888","observed_orcids":["https://orcid.org/0000-0003-3002-6888"]},"institutions":[{"id":"https://openalex.org/I4576418","display_name":"University of Technology Malaysia","ror":"https://ror.org/026w31v75","country_code":"MY","type":"education","lineage":["https://openalex.org/I4576418"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Hamad Raza","raw_affiliation_strings":["Azman Hashim International Business School, Universiti Teknologi Malaysia (UTM), 81310 Johor Bahru, Johor, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Azman Hashim International Business School, Universiti Teknologi Malaysia (UTM), 81310 Johor Bahru, Johor, Malaysia","institution_ids":["https://openalex.org/I4576418"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5028599136","display_name":"Humara Ahmad","orcid":"https://orcid.org/0000-0003-0494-5389","observed_orcids":["https://orcid.org/0000-0003-0494-5389"]},"institutions":[{"id":"https://openalex.org/I4576418","display_name":"University of Technology Malaysia","ror":"https://ror.org/026w31v75","country_code":"MY","type":"education","lineage":["https://openalex.org/I4576418"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Humara Ahmad","raw_affiliation_strings":["Azman Hashim International Business School, Universiti Teknologi Malaysia (UTM), 81310 Johor Bahru, Johor, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Azman Hashim International Business School, Universiti Teknologi Malaysia (UTM), 81310 Johor Bahru, Johor, Malaysia","institution_ids":["https://openalex.org/I4576418"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5078154425"],"corresponding_institution_ids":["https://openalex.org/I4576418"],"apc_list":null,"apc_paid":null,"fwci":3.0341,"has_fulltext":true,"cited_by_count":23,"citation_normalized_percentile":{"value":0.9243031,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"7","issue":"4.28","first_page":"30","last_page":"33"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.6176999807357788,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.6176999807357788,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.31299999356269836,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.060100000351667404,"subfield":{"id":"https://openalex.org/subfields/3308","display_name":"Law"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.9950000047683716},{"id":"https://openalex.org/keywords/financial-distress-prediction","display_name":"financial distress prediction","score":0.9980000257492065},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.8059999942779541},{"id":"https://openalex.org/keywords/agency-costs","display_name":"agency costs","score":0.9440000057220459},{"id":"https://openalex.org/keywords/ownership-concentration","display_name":"ownership concentration","score":0.984000027179718},{"id":"https://openalex.org/keywords/board-size","display_name":"board size","score":0.9900000095367432},{"id":"https://openalex.org/keywords/board-composition","display_name":"board composition","score":0.996999979019165},{"id":"https://openalex.org/keywords/ceo-duality","display_name":"CEO duality","score":1.0},{"id":"https://openalex.org/keywords/board-independence","display_name":"board independence","score":0.9829999804496765},{"id":"https://openalex.org/keywords/managerial-ownership","display_name":"managerial ownership","score":0.9940000176429749},{"id":"https://openalex.org/keywords/bankruptcy-prediction-models","display_name":"bankruptcy prediction models","score":0.6899999976158142},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.7170000076293945}],"concepts":[{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.9023721218109131},{"id":"https://openalex.org/C200707436","wikidata":"https://www.wikidata.org/wiki/Q1053211","display_name":"Principal\u2013agent problem","level":3,"score":0.6710848212242126},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.664361298084259},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.647248387336731},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.6078600287437439},{"id":"https://openalex.org/C36673458","wikidata":"https://www.wikidata.org/wiki/Q392896","display_name":"Agency cost","level":4,"score":0.6011719703674316},{"id":"https://openalex.org/C2984760201","wikidata":"https://www.wikidata.org/wiki/Q1785212","display_name":"Financial distress","level":2,"score":0.6007834076881409},{"id":"https://openalex.org/C139265228","wikidata":"https://www.wikidata.org/wiki/Q5283089","display_name":"Distress","level":2,"score":0.5383935570716858},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.4702056050300598},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3059988021850586},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.17090612649917603},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.14419/ijet.v7i4.28.22385","doi":"https://doi.org/10.14419/ijet.v7i4.28.22385","is_oa":true,"landing_page_url":"https://doi.org/10.14419/ijet.v7i4.28.22385","pdf_url":"https://www.sciencepubco.com/index.php/ijet/article/download/22385/10984","source":{"id":"https://openalex.org/S4210200385","display_name":"International Journal of Engineering & Technology","issn_l":"2227-524X","issn":["2227-524X"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","jufo-1","norway-1","poland-20"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Engineering & Technology","raw_type":"journal-article"},{"id":"pmh:oai:generic.eprints.org:86467","doi":null,"is_oa":false,"landing_page_url":"http://eprints.utm.my/86467/1/SyedMuhammadHassan2018_ReviewofCorporateGovernancePracticesandFinancial.pdf","pdf_url":"http://eprints.utm.my/86467/1/SyedMuhammadHassan2018_ReviewofCorporateGovernancePracticesandFinancial.pdf","source":{"id":"https://openalex.org/S4406922759","display_name":"UTM Institutional Repository","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"Article"}],"best_oa_location":{"id":"doi:10.14419/ijet.v7i4.28.22385","doi":"https://doi.org/10.14419/ijet.v7i4.28.22385","is_oa":true,"landing_page_url":"https://doi.org/10.14419/ijet.v7i4.28.22385","pdf_url":"https://www.sciencepubco.com/index.php/ijet/article/download/22385/10984","source":{"id":"https://openalex.org/S4210200385","display_name":"International Journal of Engineering & Technology","issn_l":"2227-524X","issn":["2227-524X"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","jufo-1","norway-1","poland-20"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Engineering & Technology","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2940838504.pdf","grobid_xml":"https://content.openalex.org/works/W2940838504.grobid-xml"},"referenced_works_count":58,"referenced_works":["https://openalex.org/W77915520","https://openalex.org/W1140667333","https://openalex.org/W1540998825","https://openalex.org/W1551529473","https://openalex.org/W1551653989","https://openalex.org/W1635059126","https://openalex.org/W1964491951","https://openalex.org/W1983235613","https://openalex.org/W1985624473","https://openalex.org/W1987054329","https://openalex.org/W1990175324","https://openalex.org/W1992005917","https://openalex.org/W1993426893","https://openalex.org/W2003625484","https://openalex.org/W2005946536","https://openalex.org/W2006952881","https://openalex.org/W2013831240","https://openalex.org/W2016207894","https://openalex.org/W2020848494","https://openalex.org/W2024995442","https://openalex.org/W2027132238","https://openalex.org/W2033143372","https://openalex.org/W2036672432","https://openalex.org/W2044687922","https://openalex.org/W2048801439","https://openalex.org/W2053761532","https://openalex.org/W2066523057","https://openalex.org/W2074928461","https://openalex.org/W2105973145","https://openalex.org/W2122145842","https://openalex.org/W2124532504","https://openalex.org/W2124597406","https://openalex.org/W2125943170","https://openalex.org/W2139670169","https://openalex.org/W2140094334","https://openalex.org/W2146880834","https://openalex.org/W2147042167","https://openalex.org/W2155852823","https://openalex.org/W2160860931","https://openalex.org/W2165847498","https://openalex.org/W2166505099","https://openalex.org/W2232707789","https://openalex.org/W2335040045","https://openalex.org/W2403520721","https://openalex.org/W2409035766","https://openalex.org/W2606072608","https://openalex.org/W2613161123","https://openalex.org/W2747485148","https://openalex.org/W2752617332","https://openalex.org/W2898907588","https://openalex.org/W3121131820","https://openalex.org/W3121654627","https://openalex.org/W3122238417","https://openalex.org/W3122274904","https://openalex.org/W3123427206","https://openalex.org/W3185331895","https://openalex.org/W4288545760","https://openalex.org/W4388111604"],"related_works":["https://openalex.org/W4312472928","https://openalex.org/W3000871322","https://openalex.org/W7056109404","https://openalex.org/W6981208630","https://openalex.org/W3016404005","https://openalex.org/W3013123271","https://openalex.org/W2375071558","https://openalex.org/W2383239062","https://openalex.org/W4312222808","https://openalex.org/W7005043386"],"abstract_inverted_index":{"Good":[0],"corporate":[1,20,46,55,92,109,145],"governance":[2,56,93,110,146],"practices":[3,57],"play":[4],"an":[5,23],"import":[6],"role":[7],"in":[8,58,65],"increasing":[9],"the":[10,15,45,98,170],"firm":[11],"value.":[12],"Based":[13],"on":[14,44,86],"agency":[16,34],"theory":[17],"related":[18,90],"to":[19,52,79,91],"governance,":[21],"if":[22],"agent":[24],"(management)":[25],"does":[26],"not":[27,149],"protect":[28],"interest":[29],"of":[30,74,84,100,103,122,124,172,175],"principal":[31],"(shareholders)":[32],"then,":[33],"cost":[35],"is":[36,50,78,106,140],"occurred":[37],"and":[38,68,88,94,128,166],"this":[39,75],"creates":[40],"a":[41,81],"bad":[42],"impact":[43],"performance.":[47],"Therefore,":[48],"it":[49,105,139],"necessary":[51],"address":[53],"weak":[54],"early":[59],"stages":[60],"otherwise":[61],"firms":[62],"can":[63],"go":[64],"financial":[66,95,136,155,176],"distress":[67,156,177],"eventually":[69],"become":[70],"bankrupt.":[71],"The":[72],"objective":[73],"current":[76],"study":[77],"conduct":[80],"nonsystematic":[82],"review":[83,102],"literature":[85],"theories":[87],"models":[89],"distress.":[96,137],"In":[97],"light":[99],"thorough":[101],"literature,":[104],"found":[107,142],"that":[108,143],"variables":[111,147,163],"(i.e.":[112],"ownership":[113],"concentration,":[114],"board":[115,117,125],"size,":[116],"composition,":[118],"CEO":[119],"duality,":[120],"level":[121,165],"independence":[123],"from":[126],"management":[127],"managerial":[129],"ownership)":[130],"are":[131],"good":[132],"predictors":[133],"for":[134,153,169],"predicting":[135,154],"Moreover,":[138],"also":[141,158],"these":[144],"were":[148],"only":[150],"used":[151,159],"separately":[152],"but":[157],"along":[160],"with":[161],"others":[162],"(firm":[164],"country":[167],"level)":[168],"purpose":[171],"enhancing":[173],"quality":[174],"models.":[178]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":9},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2019-05-03T00:00:00"}