The Effect of Rivals When Firms Emerge from Bankruptcy

• Main Authors: CATON, Gary L., DONALDSON, Jeffrey, GOH, Jeremy
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2008
• Subjects: bankruptcy; stockmarket; firms; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/1775; https://ink.library.smu.edu.sg/context/lkcsb_research/article/2774/viewcontent/EffectRivalsFirmsEmergeBankruptcy_2008_COC.pdf
• Institution: Singapore Management University

Studies on the announcement effects of bankruptcy filings have found that when a firm files for Chapter 11 bankruptcy protection its shareholders suffer significant losses. A recent paper extends these findings by investigating the announcement effect on rival companies, while another examines the e...