Jostarndt, Philipp - Universität <München> / Fakultät für Betriebswirtschaft - 2006
In this study we empirically investigate the effect of financial distress on cor-porate ownership and control. Our analysis is based on a panel of 267 Germanfirms that suffered from repeated interest coverage shortfalls and steep share pricedeclines between 1996 and 2004. We track each firm's...