Construct · 1 fields · 1 citations

costs of financial distress: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
costs offinancial distress1 CONSTRUCTCosts of financialANDRADE · CORPORATE FINANCE

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Corporate finance

value lost because a firm is financially rather than economically distressed, from forgone investment and disrupted relationships.

In corporate finance, costs of financial distress refers to value lost because a firm is financially rather than economically distressed, from forgone investment and disrupted relationships. This meaning comes from Andrade (1998) in The Journal of Finance.[1]

Unit
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Nearby constructs

capital structure4 names · 6 citationsjangle · one leverage choice, rival theoriesdistress3 fields · 4 citationsjingle · one word, three constructsinvestment2 fields · 2 citationsjingle · one word, two constructs

References

  1. Andrade, G., & Kaplan, S. N. (1998). How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed. The Journal of Finance, 53(5), 1443-1493. https://doi.org/10.1111/0022-1082.00062

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