We discuss which variables can help us predict corporate defaults The current pandemic is triggering a stark growth in corporate...

We summarise all the findings of our articles on distress risk First, financial distress can be predicted by looking at a relatively...

We discuss the role of retail investors investing in distressed stocks We have done a series of posts on the returns of distress stocks....

We investigate whether investing in stocks that are close to default generates a premium Hundreds of firms are going bust these days....

We discuss the optimal timing of a strategy that invests in firms that are close to bankruptcy In a previous post, we provided evidence...

We investigate whether distressed stocks carry a premium after controlling for the exposure of the portfolio to common factors, such as...