Show simple item record

dc.contributor.advisorMiller, Robert E. (Professor of finance)en_US
dc.contributor.authorTiedt, Kristineen_US
dc.date.accessioned2016-09-20T16:51:46Z
dc.date.available2016-09-20T16:51:46Z
dc.date.issued2002
dc.identifier.urihttp://commons.lib.niu.edu/handle/10843/16623
dc.description.abstractThe purpose of this study is to examine changes in corporate governance structures around the filing of Chapter 11 bankruptcy protection. Information was gathered for companies contained in the sample of the twenty largest Chapter 11 bankruptcies for the years 1995-1997. Data was collected for each company three years prior to filing, the year the company filed and three years post filing. The board of directors was classified into inside directors, gray directors and outside directors. Ownership was studied with regard to total board ownership in the company and the percentage each member held in comparison with other members. The members serving on the auditing committee and compensation committee were also recorded, as well as total committee size. Once the data was collected, the Wilcoxon Test and the matched pair test were used to detect significance. These tests both yielded a significant change for the following: a decrease in size of the audit committee, a decrease in the number of gray directors, a decrease in total board size, and an increase in the percentage of ownership per outside director. These restructuring changes support studies showing that certain characteristics of boards may prove to be more beneficial for a firm.en_US
dc.format.extent22 pagesen_US
dc.language.isoen_USen_US
dc.publisherNorthern Illinois Universityen_US
dc.rightsNIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.en_US
dc.subjectfinanceen_US
dc.subjectcorporate governance structureen_US
dc.subjectchapter 11 bankruptcyen_US
dc.titleChanges in Corporate Governance Structures Preceding and Following Chapter 11 Bankruptcyen_US
dc.type.genreDissertation/Thesisen_US
dc.typeTexten_US
dc.contributor.departmentDepartment of Financeen_US
dc.description.degreeB.S. (Bachelor of Science)en_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record