Anatomy of Financial Distress: An Examination of Junk-Bond Issuers
收藏NBER1991-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3942
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资源简介：
This paper examines the events following the onset of financial distress for 102 public junk bond issuers. We find that out-of-court debt relief mainly comes from junk bond - holders; banks almost never forgive principal, though they do defer payments and waive debt covenants. Asset sales are an
提供机构：
美国国家经济研究局
创建时间：
1991-12-01
