The Voluntary Restructuring of Large Firms in Response to Performance Decline

• 1 July 1992
• journal article
• Published by JSTOR in The Journal of Finance
• Vol. 47  (3) , 891-917
• https://doi.org/10.2307/2328971

Abstract

Keywords

• CORPORATE GOVERNANCE
• BANKRUPTCY
• TAKEOVER
• RESTRUCTURINGS
• NEGATIVE EARNINGS
• MOTIVATED
• MANAGERS
• LABOR
• COMPETITION