Market reactions to financial distress announcements: Does the market react differently to different outcomes?

• 主要な著者: Ahmad, Abd Halim @ Hamilton, Abdullah, Nur Adiana Hiau, Taufil Mohd, Kamarun Nisham
• フォーマット: 論文
• 言語: English
• 出版事項: AccessEcon 2016
• 主題: HG Finance
• オンライン･アクセス: http://repo.uum.edu.my/18575/1/EB%2036%202%202016%20%20601-608.pdf; http://repo.uum.edu.my/18575/; http://www.accessecon.com/Pubs/EB/2016/Volume36/EB-16-V36-I2-P60.pdf

We examine market reactions to the financial distress announcements of listed firms in Malaysia.The sample consists of 236 financially distressed companies between 2001 and 2014. We investigate whether the market differentiates between the subsequently re-emerged and subsequently delisted firms at t...