Managers of Financially Distressed Firms: Villains or Scapegoats?
- 1 July 1995
- journal article
- Published by JSTOR in The Journal of Finance
- Vol. 50 (3) , 919-940
- https://doi.org/10.2307/2329293
Abstract
In this article, we provide evidence concerning the extent to which managers are to blame when their firms become bankrupt. We study a sample of firms that file for Chapter 11 and determine the actio...Keywords
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