-factor asset pricing model which critically relies on the bankruptcy risk factor of Neumann (2021b) produces REIT portfolios which …

This report explores the efficiency of corporate rehabilitation under the “Debtor Rehabilitation and Bankruptcy Act …”, the equivalent of Chapter 11 in the US, using 1,530 hand-collected bankruptcy filings made by external financial audit …

Bankruptcy and delisting due to other failures are two closely related yet sharply different distress events. Using a … state-of-the-art adaptive Lasso variable selection method, we identify two different models for bankruptcy risk and other … bankruptcy risk, whereas the firms with high other-failure risk do not earn significant abnormal returns. In addition, high …

Insolvency and bankruptcy have always attracted a measure of stigma. The negative attitude towards insolvency emerged … due to the historically harsh treatment of bankrupts and the perception of bankruptcy as a breach of a sacred relationship … between the debtor and creditor. Majority of the existing legal scholarship studying the bankruptcy stigma focuses on personal …

, zombie firms exit the market through bankruptcy at a faster rate than other firms. To sharpen the causal interpretation of …

for causal identification by economists. Analyzing U.S. corporate bankruptcy filings between 2010 and 2020, we provide the … can decide whether to convert a Chapter 11 bankruptcy to a Chapter 7 liquidation; while secured creditors have a …