An Analysis of Risk and Return Characteristics of Corporate Bankruptcy Using Capital Market Data

Authors

  • JOSEPH AHARONY,

  • CHARLES P. JONES,

  • ITZHAK SWARY

    LecturerSearch for more papers by this author
    • Lecturer, Graduate School of Business Administration, Tel Aviv University, Israel, and Visiting Assistant Professor, North Carolina State University, Raleigh, North Carolina; Professor, North Carolina State University, Raleigh, North Carolina; The Jerusalem School of Business Administration, The Hebrew University, and the Bank of Israel, Jerusalem, Israel, respectively. We wish to thank Ms. Harriet McLaughlin of North Carolina State University for very extensive programming computations. We also wish to thank Professors H. Levy and T. Ophir of the Hebrew University of Jerusalem for helpful comments.

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