Johnson, Mark Anthony; Mamun, Abdullah - In: Applied Financial Economics 22 (2012) 5, pp. 375-385
The failure of Lehman Brothers in 2008 was the largest bankruptcy in US history. Financial markets did not respond well to the news of this bankruptcy filing as the Dow Jones Industrial Average (DJIA) declined by more than 500 points by the end of the trading session that day. We identify key...
