IDEAS home Printed from https://ideas.repec.org/a/eee/quaeco/v37y1997i2p547-562.html

Bankrupt stocks, reorganization plans and market efficiency: Are bankrupt stocks overpriced?

Author

Listed:
  • Hubbard, Jefe
  • Stephenson, Kevin

Abstract

No abstract is available for this item.

Suggested Citation

  • Hubbard, Jefe & Stephenson, Kevin, 1997. "Bankrupt stocks, reorganization plans and market efficiency: Are bankrupt stocks overpriced?," The Quarterly Review of Economics and Finance, Elsevier, vol. 37(2), pages 547-562.
    • Handle: RePEc:eee:quaeco:v:37:y:1997:i:2:p:547-562
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1062-9769(97)90042-9
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Hotchkiss, Edith Shwalb, 1995. "Postbankruptcy Performance and Management Turnover," Journal of Finance, American Finance Association, vol. 50(1), pages 3-21, March.
    2. repec:bla:jfinan:v:44:y:1989:i:3:p:747-69 is not listed on IDEAS
    3. Weiss, Lawrence A., 1990. "Bankruptcy resolution: Direct costs and violation of priority of claims," Journal of Financial Economics, Elsevier, vol. 27(2), pages 285-314, October.
    4. Julian R. Franks & Walter N. Torous, 1989. "An Empirical Investigation of U.S. Firms in Reorganization," Journal of Finance, American Finance Association, vol. 44(3), pages 747-769, July.
    5. Clark, Truman A & Weinstein, Mark I, 1983. "The Behavior of the Common Stock of Bankrupt Firms," Journal of Finance, American Finance Association, vol. 38(2), pages 489-504, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Abu Towhid Muhammad Shaker, 2014. "The Equity Performance of U.S. Firms Emerging from Chapter 11 Bankruptcy," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 4(1), pages 19-30, January.
    2. Abu Towhid Muhammad Shaker, 2014. "The Equity Performance of U.S. Firms Emerging from Chapter 11 Bankruptcy," International Journal of Business and Social Research, LAR Center Press, vol. 4(1), pages 19-30, January.
    3. Kadapakkam, Palani-Rajan & Zhang, Hongxian, 2014. "Investor ignorance in markets for worthless stocks," Journal of Financial Markets, Elsevier, vol. 19(C), pages 197-218.
    4. Carapeto, Maria, 2007. "An examination of multiple plans in Chapter 11 reorganizations," Journal of Financial Stability, Elsevier, vol. 3(3), pages 279-293, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Drukarczyk, Jochen & Schöntag, Stefanie, 2006. "Insolvenzplan, optionsbasierte Lösungen, Verlustvorträge und vom Gesetzgeber verursachte Sanierungshemmnisse," University of Regensburg Working Papers in Business, Economics and Management Information Systems 414, University of Regensburg, Department of Economics.
    2. Li, Yuanzhi & Zhong, Zhaodong (Ken), 2013. "Investing in Chapter 11 stocks: Trading, value, and performance," Journal of Financial Markets, Elsevier, vol. 16(1), pages 33-60.
    3. Xavier Giné & Inessa Love, 2010. "Do Reorganization Costs Matter for Efficiency? Evidence from a Bankruptcy Reform in Colombia," Journal of Law and Economics, University of Chicago Press, vol. 53(4), pages 833-864.
    4. Gilles Recasens, 2003. "Faut-il adopter un système pro-créanciers de défaillances? Une revue de la littérature," Revue Finance Contrôle Stratégie, revues.org, vol. 6(1), pages 119-153, March.
    5. Hines, James R. & Park, Jongsang, 2019. "Investment ramifications of distortionary tax subsidies," Journal of Public Economics, Elsevier, vol. 172(C), pages 36-51.
    6. Annabi, Amira & Breton, Michèle & François, Pascal, 2012. "Resolution of financial distress under Chapter 11," Journal of Economic Dynamics and Control, Elsevier, vol. 36(12), pages 1867-1887.
    7. Correia, Ricardo & Población, Javier, 2015. "A structural model with Explicit Distress," Journal of Banking & Finance, Elsevier, vol. 58(C), pages 112-130.
    8. Hege, Ulrich, 2003. "Workouts, court-supervised reorganization and the choice between private and public debt," Journal of Corporate Finance, Elsevier, vol. 9(2), pages 233-269, March.
    9. Anderson, Ronald W. & Nyborg, Kjell G., 2011. "Financing and corporate growth under repeated moral hazard," Journal of Financial Intermediation, Elsevier, vol. 20(1), pages 1-24, January.
    10. Reuven Lehavy, 2002. "Reporting Discretion and the Choice of Fresh Start Values in Companies Emerging from Chapter 11 Bankruptcy," Review of Accounting Studies, Springer, vol. 7(1), pages 53-73, March.
    11. Lucian Arye Bebchuk, 2002. "Ex Ante Costs of Violating Absolute Priority in Bankruptcy," Journal of Finance, American Finance Association, vol. 57(1), pages 445-460, February.
    12. Lian, Yili, 2024. "Financial distress, bank branching deregulation, and customer-supplier relationships," Journal of Corporate Finance, Elsevier, vol. 88(C).
    13. Dewaelheyns, Nico & Van Hulle, Cynthia, 2009. "Filtering speed in a Continental European reorganization procedure," International Review of Law and Economics, Elsevier, vol. 29(4), pages 375-387, December.
    14. Jason Roderick Donaldson & Denis Gromb & Giorgia Piacentino, 2025. "Conflicting Priorities: A Theory of Covenants and Collateral," Journal of Finance, American Finance Association, vol. 80(3), pages 1739-1768, June.
    15. Abel Elizalde, 2006. "Credit Risk Models II: Structural Models," Working Papers wp2006_0606, CEMFI.
    16. Dina Naples Layish, 2003. "A Monitoring Role for Deviations from Absolute Priority in Bankruptcy Resolution," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 12(5), pages 377-410, December.
    17. Moraux, Franck & Silaghi, Florina, 2014. "Inside debt renegotiation: Optimal debt reduction, timing, and the number of rounds," Journal of Corporate Finance, Elsevier, vol. 27(C), pages 269-295.
    18. Randall A. Heron & Erik Lie & Kimberly J. Rodgers, 2009. "Financial Restructuring in Fresh‐Start Chapter 11 Reorganizations," Financial Management, Financial Management Association International, vol. 38(4), pages 727-745, December.
    19. Maria Carapeto, 2006. "Explaining Deviations from Absolute Priority Rules in Bankruptcy," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 3(3), pages 543-560, November.
    20. Arturo Bris & Ivo Welch & Ning Zhu, 2005. "The Costs of Bankruptcy," Yale School of Management Working Papers amz2375, Yale School of Management, revised 21 Sep 2009.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:quaeco:v:37:y:1997:i:2:p:547-562. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620167 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.