Thought Leadership

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 examine the effect of financing constraints on corporate investment, risk and equity returns In corporate finance, financing...