Systematic Share Price Fluctuations after Bankruptcy Filings and the Investors Who Drive Them

Systematic Share Price Fluctuations after Bankruptcy Filings and the Investors Who Drive Them

Beginning in the 1990s, firms often continue to trade on the major national exchanges after Chapter 11 bankruptcy filings. For bankruptcies filed from 1993-2003, we find that the more negative the filing period price reaction, the more favorable the immediate post- filing returns, on average. This r...

Full description

Saved in:
Bibliographic Details
Main Authors: Dawkins, Mark C., BHATTACHARYA, Nilabhra, Smith Bamber, Linda
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2007
Subjects:
Bankruptcy filing
price reaction
market efficiency
bid-ask bounce
Accounting
Corporate Finance
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/soa_research/963
https://ink.library.smu.edu.sg/context/soa_research/article/1962/viewcontent/SSRN_id881508.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/963
https://ink.library.smu.edu.sg/context/soa_research/article/1962/viewcontent/SSRN_id881508.pdf

Similar Items