Eberhart, Allan C.; Altman, Edward I.; Aggarwal, Reena - In: Journal of Finance 54 (1999) 5, pp. 1855-1868
This study assesses the stock return performance of 131 firms emerging from Chapter 11. Using differing estimates of expected returns, we consistently find evidence of large, positive excess returns in 200 days of returns following emergence. We also examine the reaction of our sample firms'...
