The Intra-industry Effects of Chapter 11 Filings: Evidence from Analysts’ Earnings Forecast Revisions

The Intra-industry Effects of Chapter 11 Filings: Evidence from Analysts’ Earnings Forecast Revisions

Shareholders suffer huge losses when firms they own file Chapter 11. Interestingly, even shareholders of rival companies experience statistically significant losses. We examine how the bad news associated with a bankruptcy filing is transferred to the filing firm’s rivals. Using revisions in analyst...

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Bibliographic Details
Main Authors: CATON, Gary L., DONALDSON, Jeffrey, GOH, Jeremy
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
Chapter 11
Sharegolders
Bankruptcy Filings
Rivals
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3390
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4389/viewcontent/IntraIndustryEffectsC11Filings_2012_COC.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/3390
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4389/viewcontent/IntraIndustryEffectsC11Filings_2012_COC.pdf

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