Thought Leadership

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 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...

We investigate the existence of a distress premium, controlling for common factors such as market beta, size and value, around the world....

Is there a distress risk factor? And how much of this factor is explained by other risk factors? In previous posts, we have discussed the...

We investigate whether the systematic component of distress risk carries a premium Asset pricing theory states that those who bear...

Are distressed stocks more likely to generate returns above 100%? We have done a series of posts on the returns of distress stocks. We...