The Aftermath of Chapter 11 Bankruptcy: A Comprehensive Analysis,Used

The Aftermath of Chapter 11 Bankruptcy: A Comprehensive Analysis,Used

In Stock
SKU: DADAX3844322655
Brand: LAP Lambert Academic Publishing
Condition: New
$143.04
Quantity
Add to wishlist
Add to compare
Sold by Ergodebooks, an authorized reseller.

Processing time: 1-3 days

US Orders Ships in: 3-5 days

International Orders Ships in: 8-12 days

Return Policy: 15-days return on defective items

Payment Option
Payment Methods

Help

If you have any questions, you are always welcome to contact us. We'll get back to you as soon as possible, withing 24 hours on weekdays.

Customer service

All questions about your order, return and delivery must be sent to our customer service team by e-mail at yourstore@yourdomain.com

Sale & Press

If you are interested in selling our products, need more information about our brand or wish to make a collaboration, please contact us at press@yourdomain.com

Finance scholars disagree on how real world financial markets work. According to the traditional paradigm in finance, on average, market prices reflect fundamental value. Conversely, behavioural finance theory suggests this may not be the case since investors are not fully rational and arbitrage is both risky and costly. This book adds to the discussion by investigating how the U.S. equity market deals with the announcement of bankruptcy, the most extreme event in the corporate domain. My results can be summarized around three key ideas. First, on average, the market does not price the full impact of a bankruptcy announcement in a timely manner. Second, limits to arbitrage help explain why such market pricing anomaly subsists even in the longerrun. Finally, the specific reason for filing for Chapter 11 seems to have a very significant impact on how the market deals with the announcement of bankruptcy. This book should be relevant for both academics interested in the fields of bankruptcy and behavioural finance and institutional and individual investors who trade bankrupt firms' securities.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

Recently Viewed