Conditional relationship between distress risk and stock returns
Purpose: Previous research on the relationship between a firm’s distress risk and future stock returns produces inconsistent results. This study attempts to explain the conflicting results of earlier studies by showing that systematic distress risk leads to positive rewards, while unsystematic distr...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2022
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7017 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8016/viewcontent/KCI_FI002818658_pvoa_nc.pdf |
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| Institution: | Singapore Management University |
| Language: | English |