Industry peer information and the equity valuation accuracy of firms emerging from Chapter 11

• Main Authors: FANG, Bingxu, SAIY, Sasan, VYAS, Dushyantkumar
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2025
• 主題: Peer Information; Bankruptcy; Chapter 11; Valuation; Postemergence performance; Bargaining Influences; interclaimant wealth transfers; Accounting; Accounting Law; Corporate Finance
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/2046; https://ink.library.smu.edu.sg/context/soa_research/article/3073/viewcontent/IndustryPeerInfo_Chp11_av.pdf

Valuation plays a central role in determining Chapter 11 reorganization outcomes. However, obtaining accurate valuation estimates of reorganized firms is challenging because of limited firm-specific market-based information and the oft-conflicting incentives of claimholders. We examine the role of i...