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| Author: | Platt, H. D. Platt, M. B. |
| Title: | A Re-examination of the Effectiveness of the Bankruptcy Process |
| Journal: | Journal of Business Finance and Accounting
2002 : VOL. 29:9-10, p. 1209-1238 |
| Index terms: | FORECASTING BANKRUPTCY ECONOMICS |
| Language: | eng |
| Abstract: | As an increasing number of companies go bankrupt, society grows concerned with the process's efficacy. In contrast to previous research, the authors find that relatively healthy companies emerge from bankruptcy as evidenced by their operating and equity performance post bankruptcy. While the authors find a substantial degree of variation in the forecast accuracy of sales, EBIT and net income, the authors find that forecast errors are not statistically significant and are smaller than had been thought. The authors provide evidence to support the argument that the economy's health affects operating and equity outcomes post bankruptcy. |
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