In this article, Jacobs, Karagozoglu, and Naples Layish focus on determining which types of firms are able to successfully remain independent entities through the resolution of their financial distress. The authors empirically investigate the determinants of the process utilized to resolve...

This research aims to model the relationship between the credit risk signals in the credit default swap (CDS) market and agency credit ratings, and determines the factors that help explain the variation in such signals. A comprehensive analysis of the differences in the relative credit risk...

This thesis consists of three essays examining the behavior of informed traders infinancial markets and how they affect asset pricing. It examines informed traders’ rolein shaping securities prices in three ways. It examines whether on a macro and microbasis insider traders move prices to a...