Corporate Bankruptcy and Managers' Self-Serving Behavior

  1. CLAUDIO F. LODERER†,
  2. DENNIS P. SHEEHAN†

Article first published online: 30 APR 2012

DOI: 10.1111/j.1540-6261.1989.tb02639.x

Issue

The Journal of Finance

The Journal of Finance

Volume 44, Issue 4, pages 1059–1075, September 1989

Additional Information

How to Cite

LODERER, C. F. and SHEEHAN, D. P. (1989), Corporate Bankruptcy and Managers' Self-Serving Behavior. The Journal of Finance, 44: 1059–1075. doi: 10.1111/j.1540-6261.1989.tb02639.x

Author Information

  1. †

    Both authors from Krannert School of Management, Purdue University. We would like to thank Arthur Andersen & Co. and G. Law, the head librarian of the Krannert Library, for their generous assistance in our data collection effort and Cynthia Quillen for her careful research. We are grateful to an anonymous referee for this Journal and René Stulz for their comments and suggestions. We are also grateful to Wolfgang Bensel, who was involved in the preliminary stages of this study. We benefited from the comments of Clifford Holderness, Wayne Marr, David Mauer, and Wayne Mikkelson, from discussion with the Krannert Brown Bag Economists, and from comments received during seminars at Purdue University, the University of Iowa, and the University of Rochester. An earlier version of this paper was presented at the 1987 American Finance Association Meetings.

  1. †

    Both authors from Krannert School of Management, Purdue University. We would like to thank Arthur Andersen & Co. and G. Law, the head librarian of the Krannert Library, for their generous assistance in our data collection effort and Cynthia Quillen for her careful research. We are grateful to an anonymous referee for this Journal and René Stulz for their comments and suggestions. We are also grateful to Wolfgang Bensel, who was involved in the preliminary stages of this study. We benefited from the comments of Clifford Holderness, Wayne Marr, David Mauer, and Wayne Mikkelson, from discussion with the Krannert Brown Bag Economists, and from comments received during seminars at Purdue University, the University of Iowa, and the University of Rochester. An earlier version of this paper was presented at the 1987 American Finance Association Meetings.

Publication History

  1. Issue published online: 30 APR 2012
  2. Article first published online: 30 APR 2012

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