search query: @author Poulsen, A. / total: 4
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| Author: | Khanna, N. Poulsen, A. |
| Title: | Managers of financially distressed firms: villains or scapegoats? |
| Journal: | Journal of Finance
1995 : JUL, VOL. 50:3, p. 919-940 |
| Index terms: | MANAGERS FINANCE COMPANIES |
| Language: | eng |
| Abstract: | In this article, the authors provide evidence concerning the extent to which managers are to blame when their firms become bankrupt. They study a sample of firms that file for Chapter 11 and determine the actions taken by the firms' managers during the three-year period before the filing. They compare the sample with a control sample of firms that performed better. The findings suggest that when managers are blamed for financial distress, they are serving as scapegoats. |
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