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Gouvernance, détresse économique et performance des entreprises libanaises


  • Bourbonnais, Regis
  • Salloum, Charbel


  • Azzi, Tarek


This research examines the relationship between corporate governance in Lebanon and performance in financially economically distressed companies. Working under the auspices of agency theory assumption that decline is a situation where deteriorating performance exemplifies the deviation in managerial efforts to satisfy the shareholders’ interests. Firms enter economic and financial distress as the result of economic distress, declines in their performance and poor management. The first research question focuses on the influence of declining performance on changes in the corporate governance mechanism. Relationships between corporate governance characteristics and financial distress status are examined within a sample of Lebanese firms that leads to a conclusion stating that the board of director’s characteristics explain financial distress, beyond an exclusive reliance on financial indicators.

Suggested Citation

  • Azzi, Tarek, 2013. "Gouvernance, détresse économique et performance des entreprises libanaises," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/13270 edited by Bourbonnais, Regis & Salloum, Charbel, April.
  • Handle: RePEc:dau:thesis:123456789/13270
    Note: dissertation

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    Full references (including those not matched with items on IDEAS)

    More about this item


    Détresse financière; Gouvernance; Performance; Faillite; Financial distress; Corporate governance; Performance; Bankruptcy;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation


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