Now showing items 1-2 of 2

    • In Search of Distress Risk 

      Campbell, John; Hilscher, Jens; Szilagyi, Jan (Wiley-Blackwell, 2008)
      This paper explores the determinants of corporate failure and the pricing of financially distressed stocks whose failure probability, estimated from a dynamic logit model using accounting and market variables, is high. ...
    • Predicting Financial Distress and the Performance of Distressed Stocks 

      Campbell, John Y.; Hilscher, Jens Dietrich; Szilagyi, Jan (Journal of Investment Management, 2011)
      In this paper, we consider the measurement and pricing of distress risk.We present a model of corporate failure in which accounting and market-based measures forecast the likelihood of future financial distress. Our best ...