Financial distress, asset sales, and lender monitoring
Financial distress, asset sales, and lender monitoring
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财务困境、资产出售和贷方监控
DOI:
10.2307/3665808
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发表时间:
1996
影响因子:
2.8
通讯作者:
R. Taffler
中科院分区:
文献类型:
--
作者:
M. Lasfer;P. Sudarsanam;R. Taffler
In the United Kingdom, the main benefit from divestitures comes from the resolution of financial distress. These sales can minimize the direct and indirect costs of bankruptcy, which accounts for the positive returns to the divesting firm's shareholders.