Yun, Suhee; Kim, Jung Min - In: Global business and finance review 27 (2022) 1, pp. 16-27
Purpose: Previous research on the relationship between a firm’s distress risk and future stock returns produces … risk leads to positive rewards, while unsystematic distress risk leads to low stock returns. In addition, this study … intends to elucidate the factors of systematic distress risk and unsystematic distress risk, respectively. In this way, this …