Reimund, Carsten; Schwetzler, Bernhard; Zainhofer, Florian - In: Kredit und Kapital 42 (2009) 1, pp. 93-123
Costs of Financial Distress: The German Evidence In this paper we aim to verify the existence of costs of financial distress (cfd) for a sample of German CDAX firms using an ex-post approach originally due to Opler/Titman (1994). In contrast to this US-based study we do not find a significant...
