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The response of competitors to announcements of bankruptcy: An empirical examination of contagion and competitive effects
16 references·16 citing·44 second hopsampled
The response of competitors to announcements of bankruptcy: An empirical examination of contagion and competitive effects (1997)The response of competitors to announceme…Financial Distress and Corporate Performance (1994)Financial Distress and Corpor…A comparison of financial recontracting in distressed exchanges and chapter 11 reorganizations (1994)A comparison of financial rec…Contagion and competitive intra-industry effects of bankruptcy announcements (1992)Contagion and competitive int…When Are Contrarian Profits Due to Stock Market Overreaction? (1990)When Are Contrarian Profits D…Troubled debt restructurings (1990)Troubled debt restructuringsFinancial distress, reorganization, and organizational efficiency (1990)Financial distress, reorganiz…Bankruptcy resolution (1990)Bankruptcy resolutionA Theory of Predation Based on Agency Problems in Financial Contracting (1990)A Theory of Predation Based o…An Empirical Investigation of U.S. Firms in Reorganization (1989)An Empirical Investigation of…A "Signal-Jamming" Theory of Predation (1986)A "Signal-Jamming" Theory of …Using daily stock returns (1985)Using daily stock returnsA Further Empirical Investigation of the Bankruptcy Cost Question (1984)A Further Empirical Investiga…The market for corporate control (1983)The market for corporate cont…THE INSIGNIFICANCE OF BANKRUPTCY COSTS TO THE THEORY OF OPTIMAL CAPITAL STRUCTURE (1978)THE INSIGNIFICANCE OF BANKRUP…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Corporate Forecasts of Earnin…When an Industry Peer Is Accused of Financial Misconduct: Stigma versus Competition Effects on Non-accused Firms (2021)When an Industry Peer Is Accu…Non-financial corporations and systemic risk (2021)Non-financial corporations an…Shareholder Value Effects of the Volkswagen Emissions Scandal on the Automotive Ecosystem (2020)Shareholder Value Effects of …Local Bankruptcy and Geographic Contagion in the Bank Loan Market (2019)Local Bankruptcy and Geograph…Consumer Response to Chapter 11 Bankruptcy: Negative Demand Spillover to Competitors (2019)Consumer Response to Chapter …Stock Market Reaction to Supply Chain Disruptions from the 2011 Great East Japan Earthquake (2017)Stock Market Reaction to Supp…Industry contagion effects of internal control material weakness disclosures (2016)Industry contagion effects of…Effects of customer financial distress on supplier capital structure (2016)Effects of customer financial…Financial Distress, Investment Opportunity, and the Contagion Effect of Low Audit Quality: Evidence from China (2015)Financial Distress, Investmen…Bankruptcy and product-market competition: Evidence from the airline industry (2012)Bankruptcy and product-market…How Do Managers of Non-Announcing Firms Respond to Intra-Industry Information Transfers? (2011)How Do Managers of Non-Announ…Financial Strength and Product Market Competition: Evidence from Asbestos Litigation (2011)Financial Strength and Produc…Corporate Scandals and Capital Structure (2010)Corporate Scandals and Capita…Are the Bankrupt Skies the Friendliest? (2010)Are the Bankrupt Skies the Fr…Bankruptcy and the Resolution of Financial Distress (2008)Bankruptcy and the Resolution…Contagion effects of the world's largest bankruptcy: the case of WorldCom (2004)Contagion effects of the worl…Determinants of corporate borrowing (1977)On financial contracting (1979)Limited-dependent and qualitative variables in econometrics (1983)Monetary Policy and Credit Conditions: Evidence From the Composition of External Finance (1992)A Simple Approach to Valuing Risky Fixed and Floating Rate Debt (1995)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1999)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Managerial discretion and optimal financing policies (1990)Is the Risk of Bankruptcy a Systematic Risk? (1998)The effect of supply chain glitches on shareholder wealth (2003)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Management turnover and financial distress (1989)Do Tests of Capital Structure Theory Mean What They Say? (2007)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Measuring security price performance (1980)Earnings Management During Import Relief Investigations (1991)Event Studies in Economics and Finance (1997)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cross-Section of Expected Stock Returns (1992)The determinants and implications of corporate cash holdings (1999)Default Risk in Equity Returns (2004)In Search of Distress Risk (2008)An Empirical Evaluation of Accounting Income Numbers (1968)Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecasting and Control (1977)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)Introductory Econometrics for Finance (2008)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Separation of Ownership and Control (1983)Management ownership and market valuation (1988)Agency Theory: An Assessment and Review (1989)A Survey of Corporate Governance (1997)The Nature of the Firm (1937)The Pricing of Options and Corporate Liabilities (1973)Law and Finance (1998)The Behavior of Stock-Market Prices (1965)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Do Industries Explain Momentum? (1999)Improved estimation of the covariance matrix of stock returns with an application to portfolio selection (2003)Maxing out: Stocks as lotteries and the cross-section of expected returns (2010)CEO Overconfidence and Corporate Investment (2002)Financial Strength and Product Market Behavior: The Real Effects of Corporate Cash Holdings (2010)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1985Using daily stock returns6,497 cited
  • 1983The market for corporate control4,145 cited
  • 1976Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test1,749 cited
  • 1990When Are Contrarian Profits Due to Stock Market Overreaction?1,707 cited
  • 1994Financial Distress and Corporate Performance1,660 cited
  • 1990Troubled debt restructurings1,096 cited
  • 1984A Further Empirical Investigation of the Bankruptcy Cost Question1,009 cited
  • 1990A Theory of Predation Based on Agency Problems in Financial Contracting947 cited
  • 1992Contagion and competitive intra-industry effects of bankruptcy announcements920 cited
  • 1990Financial distress, reorganization, and organizational efficiency791 cited
  • 1990Bankruptcy resolution705 cited
  • 1989An Empirical Investigation of U.S. Firms in Reorganization517 cited
  • 1978THE INSIGNIFICANCE OF BANKRUPTCY COSTS TO THE THEORY OF OPTIMAL CAPITAL STRUCTURE472 cited
  • 1986A "Signal-Jamming" Theory of Predation465 cited
  • 1994

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A comparison of financial recontracting in distressed exchanges and chapter 11 reorganizations
461 cited

Cited by

  • 2017Stock Market Reaction to Supply Chain Disruptions from the 2011 Great East Japan Earthquake174 cited
  • 2021When an Industry Peer Is Accused of Financial Misconduct: Stigma versus Competition Effects on Non-accused Firms105 cited
  • 2020Shareholder Value Effects of the Volkswagen Emissions Scandal on the Automotive Ecosystem103 cited
  • 2008Bankruptcy and the Resolution of Financial Distress90 cited
  • 2016Effects of customer financial distress on supplier capital structure87 cited
  • 2012Bankruptcy and product-market competition: Evidence from the airline industry78 cited
  • 2021Non-financial corporations and systemic risk77 cited
  • 2015Financial Distress, Investment Opportunity, and the Contagion Effect of Low Audit Quality: Evidence from China57 cited
  • 2011Financial Strength and Product Market Competition: Evidence from Asbestos Litigation57 cited
  • 2019Consumer Response to Chapter 11 Bankruptcy: Negative Demand Spillover to Competitors36 cited
  • 2004Contagion effects of the world's largest bankruptcy: the case of WorldCom35 cited
  • 2019Local Bankruptcy and Geographic Contagion in the Bank Loan Market33 cited
  • 2010Corporate Scandals and Capital Structure28 cited
  • 2011How Do Managers of Non-Announcing Firms Respond to Intra-Industry Information Transfers?22 cited
  • 2010Are the Bankrupt Skies the Friendliest?20 cited
  • 2016Industry contagion effects of internal control material weakness disclosures19 cited