Dawkins, Mark C.; Bhattacharya, Nilabhra; Bamber, Linda … - In: Journal of Financial and Quantitative Analysis 42 (2007) 02, pp. 399-419
Beginning in the 1990s, firms often continue to trade on the major national exchanges <italic>after</italic> Chapter 11 bankruptcy filings. For bankruptcies filed from 1993–2003, we find that the more negative the filing period price reaction, the more favorable the immediate post-filing returns, on average....
