4.7 Article

Distressed acquirers and the bright side of financial distress

Related references

Note: Only part of the references are listed.
Article Business, Finance

Why are distressed firms acquisitive?

Eden Quxian Zhang

Summary: This study finds that financially distressed firms acquire other firms to diversify and reduce bankruptcy risk. When bankruptcy risk decreases, these firms react by cutting cash spending on acquisitions and announcing fewer deals.

JOURNAL OF CORPORATE FINANCE (2022)

Article Business, Finance

Pledgeability, Industry Liquidity, and Financing Cycles

Douglas W. Diamond et al.

JOURNAL OF FINANCE (2020)

Article Business, Finance

The performance of acquisitions by high default risk bidders

Evy Bruyland et al.

JOURNAL OF BANKING & FINANCE (2019)

Article Business, Finance

The Timing and Method of Payment in Mergers when Acquirers Are Financially Constrained

Alexander S. Gorbenko et al.

REVIEW OF FINANCIAL STUDIES (2018)

Article Business, Finance

Risk-shifting, equity risk, and the distress puzzle

Keming Li et al.

JOURNAL OF CORPORATE FINANCE (2017)

Article Business, Finance

Is there an optimally diversified conglomerate? Gleaning answers from capital markets

Ali Nejadmalayeri et al.

REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING (2017)

Article Business, Finance

Financial distress and customer-supplier relationships

Yili Lian

JOURNAL OF CORPORATE FINANCE (2017)

Article Business, Finance

When is good news bad and vice versa? The Fortune rankings of America's most admired companies

Yingmei Cheng et al.

JOURNAL OF CORPORATE FINANCE (2017)

Article Business, Finance

Effects of customer financial distress on supplier capital structure

Mauro Oliveira et al.

JOURNAL OF CORPORATE FINANCE (2017)

Article Business, Finance

Do Measures of Financial Constraints Measure Financial Constraints?

Joan Farre-Mensa et al.

REVIEW OF FINANCIAL STUDIES (2016)

Article Business, Finance

Do Firms Engage in Risk-Shifting? Empirical Evidence

Erik P. Gilje

REVIEW OF FINANCIAL STUDIES (2016)

Article Business, Finance

Spreading the Misery? Sources of Bankruptcy Spillover in the Supply Chain

Madhuparna Kolay et al.

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS (2016)

Article Business, Finance

How costly is corporate bankruptcy for the CEO?

B. Espen Eckbo et al.

JOURNAL OF FINANCIAL ECONOMICS (2016)

Article Business, Finance

Value exploration and materialization in diversification strategies

Mark E. Holder et al.

REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING (2015)

Article Business, Finance

The acquisitiveness of youth: CEO age and acquisition behavior

Soojin Yim

JOURNAL OF FINANCIAL ECONOMICS (2013)

Article Business, Finance

Dynamic Debt Runs

Zhiguo He et al.

REVIEW OF FINANCIAL STUDIES (2012)

Article Business, Finance

The Corporate Acquisition Policy of Financially Distressed Firms

Dror Parnes

FINANCIAL REVIEW (2009)

Article Business, Finance

Forecasting default with the Merton distance to default model

Sreedhar T. Bharath et al.

REVIEW OF FINANCIAL STUDIES (2008)

Article Business, Finance

In Search of Distress Risk

John Y. Campbell et al.

JOURNAL OF FINANCE (2008)

Article Business, Finance

Competitive equilibrium with debt

Alexei Zhdanov

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS (2007)

Article Business, Finance

Empire-builders and shirkers: Investment, firm performance, and managerial incentives

Rajesh K. Aggarwal et al.

JOURNAL OF CORPORATE FINANCE (2006)

Article Business, Finance

Default risk in equity returns

M Vassalou et al.

JOURNAL OF FINANCE (2004)

Article Economics

Corporate governance and equity prices

P Gompers et al.

QUARTERLY JOURNAL OF ECONOMICS (2003)

Review Law

The end of bankruptcy

DG Baird et al.

STANFORD LAW REVIEW (2002)

Article Business

Are dividend changes a sign of firm maturity?

G Grullon et al.

JOURNAL OF BUSINESS (2002)

Article Economics

Security analysts' career concerns and herding of earnings forecasts

H Hong et al.

RAND JOURNAL OF ECONOMICS (2000)