Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
Journal Home Volume Issue |
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Issue |
Volume-4,Issue-12 ( Dec, 2018 ) | |||||||||
Paper Title |
The Wealth Effect of Corporate Different Financial Distress Events | |||||||||
Author Name |
Shu-Ling Yang, Hsien-Yi Chen | |||||||||
Affilition |
National Taichung University of Science and Technology, Asia University & China Medical University | |||||||||
Pages |
16-19 | |||||||||
Abstract |
This study examines the effects of different financially distressful events on corporate stock cumulative abnormal returns. The findings suggest that corporate financial distress events lead to significantly negative wealth effects. In addition, we found that the most acute financial distress events led to significantly more negative wealth effects. Index Terms - Financial Distress; Wealth Effect | |||||||||
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