How Costly is Financial (not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed
收藏NBER1997-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6145
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资源简介：
This paper studies thirty-one highly leveraged transactions (HLTs) of the 1980s that subsequently became financially distressed. At the time of distress, all sample firms have operating margins that are positive and in the majority of cases greater than the median for the industry. Therefore, we
提供机构：
美国国家经济研究局
创建时间：
1997-08-01
