Industry Distress Anomaly
收藏数据链接：
官方服务：
资源简介：
We document a robust industry-level distress anomaly in which more distressed industries earn significantly lower expected equity returns. The anomaly is distinct from the firm-level distress anomaly (Campbell, Hilscher and Szilagyi, 2008). It remains significant after controlling for firm-level
提供机构：
美国国家经济研究局创建时间：
2026-07-01
