The Costs of Financial Distress Across Industries
I estimate the market's opinion of ex-ante costs of financial distress (CFD) from a structurally motivated model of the industry, using a panel dataset of monthly market values of debt and equity for 269 firms in 23 industries between 1994 and 2004. Costs of financial distress are identified from the market values and systematic risk of a company's debt and equity.
- ISBN 13 : 9780549016182
- ISBN 10 : 054901618X
- Judul : The Costs of Financial Distress Across Industries
- Pengarang : Arthur Gerard Korteweg,
- Kategori : Financial crises
- Bahasa : en
- Tahun : 2007
- Halaman : 166
- Halaman : 166
- Google Book : http://books.google.com/books?id=8zuxNwAACAAJ&dq=intitle:financial+distress&hl=&source=gbs_api
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Ketersediaan :
I estimate the market's opinion of ex-ante costs of financial distress (CFD) from a structurally motivated model of the industry, using a panel dataset of monthly market values of debt and equity for 269 firms in 23 industries between 1994 ...