Publication Date
1-1-2006
Document Type
Dissertation/Thesis
First Advisor
Jensen, Gerald R.
Degree Name
B.S. (Bachelor of Science)
Legacy Department
Department of Finance
Abstract
This study evaluates the specific characteristics attributed to companies that enter Chapter 11 and emerge with their stock intact. While we find no statistically significant characteristics that uniquely identify such firms, the results suggest that a company that is more financially sound is more likely to retain its shareholders. Specifically, firms that emerge from Chapter 11 with their stock intact tend to have a higher return on assets and lower debt ratios.
Recommended Citation
Fricilone, J Paul, "Investing in Financially Distressed Securities" (2006). Honors Capstones. 696.
https://huskiecommons.lib.niu.edu/studentengagement-honorscapstones/696
Extent
20 pages
Language
eng
Publisher
Northern Illinois University
Rights Statement
In Copyright
Rights Statement 2
NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.
Media Type
Text
