Olsen, Brett C.; Tamm, Chris - In: Managerial Finance 43 (2017) 10, pp. 1152-1169
from Chapter 11 bankruptcy. The purpose of this paper is to posit that firms alter their governance toward a more effective … framework during restructuring, leading to emergence as a better performing firm. Design/methodology/approach The data set … includes large firms that filed for bankruptcy between 1998 and 2013. Financial and governance characteristics prior to filing …