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...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2007
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| 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 |
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| Institution: | Singapore Management University |
| Language: | English |