Taillard, Jérôme Ph. A. (contributor) - 2008 - This draft: July, 2008
alleviate the
negative impact of a financial crisis? And ultimately, how costly is financial distress to firms?
There is no … from pre-distress to resolution of the financial
crisis. Industry-adjusted measures show a non-significant median cost of … papers analyze costs of financial distress using different subsamples of firms in crisis (e.g.
Altman (1984), Asquith …