Tosun, Onur Kemal; Eshraghi, Arman; Muradoglu, Yaz Gulnur - 2022
This study examines how firms learn financial survival from experience, and how stock markets price this learning. We study American firms during the Covid turmoil which had prior exposure to the 2008 Global Financial Crisis. Our results show firms exposed to the 2008 Crisis had 95% higher...