An econometric analysis of the performance of reorganized firms : Using the re-listed firms' data

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The purpose of this study is to investigate the performance of the post-reorganized firms. Reorganized firms that relisted after the completion of their legal reorganization procedure. Data are collected from reorganized firms including 5 relisted firms douring the period between 1990-2009. Collected data are analized by standard econometric method. Among them beta coefficients are estimated for detecting the possible structural changes during the period. The results suggest that the tendency of the decrease in the size of beta coefficients of sample firms. Since the size of sample is limited, the results would not be robust. However, if this tendency would not be exceptional, it surely gives a promising theme for future research.