Evangelos Giouvris

The Conditional Role of Corporate Governance and Explainable Machine Learning in Predicting Severe Profitability Deterioration: Evidence from the S&P 500—An Early Warning System

Corporate governance does not appear to influence firm risk on its own; its role depends on a firm’s financial condition, becoming most informative when financial signals are mixed or ambiguous. Using a sample of S&P 500 firms, this study tests whether the predictive value of governance variables (board independence, C...