Managing Financial Distress and Valuing Distressed Securities: A Survey and a Research Agenda

John, Kose
September 1993
FM: The Journal of the Financial Management Association;Autumn1993, Vol. 22 Issue 3, p60
Academic Journal
Surveys the empirical and theoretical research on managing financial distress and valuing corporate securities. Optimal strategies for liquidity management; Importance of understanding debt workouts; Predicting shareholder wealth effects using daily stock price data; Features of bankruptcy process and its effect on management incentives and investment efficiency.


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