Financial Distress, Corporate Restructuring and Firm Survival : An Empirical Analysis of German Panel Data

Jostarndt, Philipp; Rudolph, Bernd (FRW)

ISBN 10: 3835005901 / ISBN 13: 9783835005907

Verlag: Deutscher Universitätsverlag, 2007

Unread book in perfect condition. Bestandsnummer des Verkäufers 9819231

Inhaltsangabe:

The economic ramifications of corporate financial distress and bankruptcy have recently gained much attention in academic as well as public policy debates. But empirical evidence on how firms encounter and respond to distress has remained sparse and inconclusive.

Philipp Jostarndt analyzes the anatomy of financial distress for a large sample of German corporations. He studies distress-induced changes in ownership and control, success factors in distressed equity infusions, and firms’ choice between in- and out-of-court debt restructurings. Moreover, he conducts a survival analysis to examine the determinants of survival, acquisition, and bankruptcy as alternative paths to exit financial distress. He includes both the firm perspective as well as the market valuations of the undertaken restructurings and, where applicable, relates the findings to the microstructure of Germany’s revised bankruptcy legislation.

Über die Autorin bzw. den Autor: Dr. Philipp Jostarndt war wissenschaftlicher Mitarbeiter von Prof. Dr. Bernd Rudolph am Institut für Kapitalmarktforschung und Finanzierung der Universität München.

Bibliografische Details

Titel: Financial Distress, Corporate Restructuring ...
Verlag: Deutscher Universitätsverlag
Erscheinungsdatum: 2007
Einband: Softcover
Zustand: As New