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The Equity Performance of Firms Emerging from Bankruptcy

Edward I., Altman et al.
NYU Faculty Digital Archive · Papers
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multidisciplinary
This study assesses the stock return performance of the 131 firms emerging from Chapter 11 between 1980 and 1993. Though there are some important differences, a firm issuing stocks upon emergence from bankruptcy is analogous to an initial public offering (IPO). Many studies have documented significa
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