Spillovers from good-news and other bankruptcies: Real effects and price responses
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DOI: 10.1016/j.jfineco.2018.03.004
Abstract: Abstract We model debt restructurings that could endogenously end in bankruptcy, and study spillovers to competitors’ operating decisions, profits, restructuring outcomes and security prices. We show that while bankruptcy could cause the firm’s share price… read more here.
Keywords: spillovers good; bankruptcy; price; good news ... See more keywords