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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.

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 ...

Ponzi ekonomi

prospek Indonesia di tengah instabilitas global

Economic and financial conditions and development in Indonesia and other countries.