School of Business Administration, Georgetown University. This is a substantially revised version of our earlier paper, “Bond Prices as Unbiased Forecasts of Bankruptcy Settlements.” We would like to thank Reena Aggarwal, Ed Altaian, Bill Baber, Brian Betker, Lisa Fairchild, Jerome Fons, Stuart Gilson, Michael Jensen, Dana Johnson, Imre Karafiath, Alan Roshwalb, Lemma Senbet, Arthur Warga, Jerry Warner, and seminar participants at the 1992 meetings of the American Finance Association, American University, Georgetown University Workshop on Financial Distress and Bankruptcy, Lund University, University of Maryland, New York University Conference on Corporate Bankruptcy and Distressed Restructurings and the Stockholm School of Economics for many insightful comments. We would also like to thank Kenji Berliner, Peter Eldredge and, especially, Mario Mansilla for their excellent research assistance. We received funding from Georgetown University summer research grants. The Center for Business-Government Relations at Georgetown (directed by David Walker) also provided support.
Does the Bond Market Predict Bankruptcy Settlements?
Version of Record online: 30 APR 2012
© 1992 the American Finance Association
The Journal of Finance
Volume 47, Issue 3, pages 943–980, July 1992
How to Cite
EBERHART, A. C. and SWEENEY, R. J. (1992), Does the Bond Market Predict Bankruptcy Settlements?. The Journal of Finance, 47: 943–980. doi: 10.1111/j.1540-6261.1992.tb04001.x
- Issue online: 30 APR 2012
- Version of Record online: 30 APR 2012
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