Jiang, Zhan; Kim, Kenneth A.; Zhang, Hao - In: Journal of Banking & Finance 43 (2014) C, pp. 78-96
Not all corporate bailouts are the same. We study corporate bailouts from around the world during 1987–2005. Among these bailed-out firms, some firms are economically distressed while others are financially distressed. Some firms are bailed out with cash (either as equity or as loans) while...