Abstract:

Corporate governance among many other aspects should bring improvements in terms of the risks of an enterprise. The objective of the paper is to identify the risk membership considering a sample of 24 companies in the Madrid region. The study focuses mainly on the following risk indicators: leverage, current liquidity and solvency, indicators that can be found on the Thomson Reuters platform for the years 2019 -2022, years that have been uncertain due to the emergence of the SARS-CoV-2 virus. In the empirical analysis, panel data was used to analyse the impact of corporate governance on a company's debt risk. A strong hypothesis of this study is the negative and significant relationship between the percentage of female board members and current liquidity.