Financial Distress, Corporate Restructuring and Firm Survival
An Empirical Analysis of German Panel Data. Diss.
(Sprache: Englisch)
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,...
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Klappentext zu „Financial Distress, Corporate Restructuring and Firm Survival “
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.
The economic ramifications of corporate financial distress and bankruptcy have recently gained much attention in academic as well as public policy debates. But empirical evidence on how firms encounter and respond to distress has remained sparse and inconclusive.Philipp Jostarndt analyzes the anatomy of financial distress for a large sample of German corporations. He 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. Moreover, he conducts a survival analysis to examine 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.
Inhaltsverzeichnis zu „Financial Distress, Corporate Restructuring and Firm Survival “
- Data selection and sample descriptives- Financial distress, corporate control and management turnover
- An empirical study of distressed debt restructurings
- Claimholder conflicts in distressed equity offerings
- A study of firm exit and survival in financial distress
Autoren-Porträt von Philipp Jostarndt
Dr. Philipp Jostarndt war wissenschaftlicher Mitarbeiter von Prof. Dr. Bernd Rudolph am Institut für Kapitalmarktforschung und Finanzierung der Universität München.
Bibliographische Angaben
- Autor: Philipp Jostarndt
- 2007, 201 Seiten, mit Abbildungen, Maße: 14,8 x 21 cm, Kartoniert (TB), Englisch
- Verlag: Deutscher Universitätsverlag
- ISBN-10: 3835005901
- ISBN-13: 9783835005907
- Erscheinungsdatum: 22.02.2007
Sprache:
Englisch
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