Browsing FAS Scholarly Articles by Keyword "distress risk"

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    • 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 ...