Does size matter Examining the probability of firm emergence from bankruptcy
Article
Article Title | Does size matter Examining the probability of firm emergence from bankruptcy |
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ERA Journal ID | 19555 |
Article Category | Article |
Authors | Zikri, Miftah, Shams, Syed, Rashid, Afzalur and Krishnamurti, Chandrasekhar |
Journal Title | International Review of Finance |
Number of Pages | 45 |
Year | 2024 |
Publisher | John Wiley & Sons |
Place of Publication | Australia |
ISSN | 1369-412X |
1468-2443 | |
Digital Object Identifier (DOI) | https://doi.org/10.1111/irfi.12462 |
Web Address (URL) | https://onlinelibrary.wiley.com/doi/10.1111/irfi.12462 |
Abstract | We examine the association between firm size and the likelihood of emergence from bankruptcy filed under Chapter 11. Using 715 firm-year observations from 1979 to 2019, we find that large firms are less likely to emerge. We use performance, financial constraints, and information environment as potential channels to examine the mechanism by which firm size affects the likelihood of firm emergence from bankruptcy. Further analysis shows that the likelihood of bankruptcy emergence is lower for large firms before the global financial crisis of 2007. |
Keywords | firm emergence; bankruptcy chapter 11; total assets; global financial crisis; firm size |
Contains Sensitive Content | Does not contain sensitive content |
ANZSRC Field of Research 2020 | 350202. Finance |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Faculty of Business, Education, Law and Arts |
Academic Registrar's Office | |
School of Business | |
University of South Australia |
https://research.usq.edu.au/item/z7yv8/does-size-matter-examining-the-probability-of-firm-emergence-from-bankruptcy
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