Mo, Phyllis L.L.; Rui, Oliver M.; Wu, Xi - In: The International Journal of Accounting 50 (2015) 1, pp. 1-30
Unlike the situation in most developed countries, before the enactment of China's 2006 Bankruptcy Law it was difficult for Chinese-listed companies, which were mostly government owned, to declare bankruptcy. Our analysis of a sample of Chinese financially-distressed companies from 2001 to 2010...