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Financial Distress, Corporate Restructuring and Firm Survival: An Empirical Analysis of German Panel Data

Financial Distress, Corporate Restructuring and Firm Survival: An Empirical Analysis of German Panel Data

Paperback

Series: Beiträge Zur Betriebswirtschaftlichen Forschung, Book 116

AccountingInvesting & FinanceManagement

ISBN10: 3835005901
ISBN13: 9783835005907
Publisher: Deutscher Universitatsverlag
Published: Feb 22 2007
Pages: 201
Weight: 0.59
Height: 0.46 Width: 5.83 Depth: 8.27
Language: English
Philipp Jostarndt studies distress-induced changes in ownership and control, success factors in distressed equity infusions, and firms' choice between in- and out-of-court debt restructurings. In addition, he analyzes the determinants of survival, acquisition, and bankruptcy as alternative paths to exit financial distress. He includes both the firm perspective as well as the market valuations of the undertaken restructurings and, where applicable, relates the findings to the microstructure of Germany's revised bankruptcy legislation.

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