Six variables that predict defaults
We discuss which variables can help us predict corporate defaults The current pandemic is triggering a stark growth in corporate...
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Thought Leadership
OUR VALUE COMES FROM AN ANALYTICAL UNDERSTANDING OF THE FORCES AT WORK IN FINANCIAL MARKETS
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Mar 10
9 facts about distress risk
We summarise all the findings of our articles on distress risk First, financial distress can be predicted by looking at a relatively...
Feb 26
When should you invest in distressed stocks?
We discuss the optimal timing of a strategy that invests in firms that are close to bankruptcy In a previous post, we provided evidence...
Feb 26
Is there alpha in distressed stocks? (U.S. evidence)
We investigate whether distressed stocks carry a premium after controlling for the exposure of the portfolio to common factors, such as...
Feb 26
Is there alpha in distressed stocks across the world?
We investigate the existence of a distress premium, controlling for common factors such as market beta, size and value, around the world....
Feb 26
How much is default risk captured by other factors?
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...
Feb 26
Is there a systematic component to distress risk?
We investigate whether the systematic component of distress risk carries a premium Asset pricing theory states that those who bear...
Feb 17
Is there a jackpot in distressed equity?
Are distressed stocks more likely to generate returns above 100%? We have done a series of posts on the returns of distress stocks. We...
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