Abstract

The focus of this study was to examine the determinants of corporate distress among quoted deposit money banks in Nigeria. The study employed the use of panel least square modeling technique which comprised the fixed effect model and the random effect model. However, the Hausman test carried out showed that the fixed effect model was the appropriate model for the study. The findings of the study showed that Leverage (LEV), Liquidity (LQD), Non-Performing Loan (NPL) and Board Gender Diversity (BGD) had a positive association with Corporate Distress (CD) which is measure by Altman Z score, while Board Composition (BCOMP) shows a negative association with Corporate Distress (CD). It was therefore recommended that loans be issued based on productivity and growth to enable repayment on the basis of the policy implications, also deposit money banks in Nigeria's financial leverage should be carefully managed.