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Asset liquidity, debt covenants, and managerial discretion in financial distress : the collapse of L. A. Gear

DeAngelo, Harry (contributor); DeAngelo, Linda (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001589206

Asset liquidity, debt covenants, and managerial discretion in financial distress : the collapse of L. A. Grear

DeAngelo, Harry; DeAngelo, Linda; Wruck, Karen H. - In: Journal of financial economics 64 (2002) 1, pp. 3-34

Persistent link: https://www.econbiz.de/10001670861

Asset liquidity, debt covenants, and managerial discretion in financial distress:*1: the collapse of L.A. Gear

DeAngelo, Harry; DeAngelo, Linda; Wruck, Karen H. - In: Journal of Financial Economics 64 (2002) 1, pp. 3-34

Persistent link: https://www.econbiz.de/10005372506

Asset Liquidity, Debt Covenants, and Managerial Discretion in Financial Distress : The Collapse of L.A. Gear

DeAngelo, Harry - 2001

A hot growth stock in the 1980s, L.A. Gear's equity fell from $1 billion in market value in 1989 to zero in 1998. For over six years as revenues declined precipitously, management tried a series of radical strategy shifts while subsidizing the firm's large losses through working-capital...

Persistent link: https://www.econbiz.de/10012742302