Anatomy of Financial Distress: An Examination of Junk-Bond Issuers
收藏数据链接：
官方服务：
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
