Bankruptcy Probability Risk and Stock Returns in Emerging Stock Exchange Markets – South East Asian Evidence
Distress puzzle is referred as whether bankruptcy risk is related to systematic risk or unsystematic risk. If bankruptcy is at least partly related to systematic risk, it suggests that investors should be rewarded with higher stock return for bearing higher distress risk. Many researchers attempt to...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2015
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| Online Access: | https://eprints.nottingham.ac.uk/29815/ |