Khurana, Inder K.; Lippincott, Barbara - In: Journal of Business Finance & Accounting 27 (2000-11) 9&10, pp. 1107-1130
This study extends prior research on the information content of restructuring charges. We find that the relationship between restructuring activities and returns during the restructuring charge year is different for loss firms than for profit firms. Restructurings that are primarily intended to...