Systematic Share Price Fluctuations after Bankruptcy Filings and the Investors Who Drive Them

Mark Dawkins; Neil Bhattacharya; Linda Smith Bamber

doi:10.2139/ssrn.881508

Systematic Share Price Fluctuations after Bankruptcy Filings and the Investors Who Drive Them

Mark Dawkins
, Neil Bhattacharya
, Linda Smith Bamber

Terry College of Business

Research output: Contribution to journal › Article

Abstract

This study presents empirical evidence on the pattern of returns and investor trades around and shortly after Chapter 11 bankruptcy petition filings. Consistent with prior research, we find that share prices plunge before and at the bankruptcy filing date. Beginning in the 1990's, however, firms often continued to trade on the major national exchanges after filing for bankruptcy.

Original language	American English
Journal	SSRN
DOIs	https://doi.org/10.2139/ssrn.881508
State	Published - Jan 1 2006
Externally published	Yes

Disciplines

Macroeconomics
Business

Access to Document

10.2139/ssrn.881508License: Unspecified

Cite this

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abstract = "This study presents empirical evidence on the pattern of returns and investor trades around and shortly after Chapter 11 bankruptcy petition filings. Consistent with prior research, we find that share prices plunge before and at the bankruptcy filing date. Beginning in the 1990's, however, firms often continued to trade on the major national exchanges after filing for bankruptcy.",

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AB - This study presents empirical evidence on the pattern of returns and investor trades around and shortly after Chapter 11 bankruptcy petition filings. Consistent with prior research, we find that share prices plunge before and at the bankruptcy filing date. Beginning in the 1990's, however, firms often continued to trade on the major national exchanges after filing for bankruptcy.

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