Sökning: "Distress Puzzle"
Hittade 2 uppsatser innehållade orden Distress Puzzle.
1. Reverse Robin Hood. A Swedish Assessment of the Distress Puzzle
Master-uppsats, Göteborgs universitet/Graduate SchoolSammanfattning : This research adopts some of the most well-known models to predict financial distress to be able to investigate whether firms with higher probability to default and thereby incorporating more risk do provide investors with a higher return in the Swedish market. We create portfolios sorted on the predicted probability of the financial distress and subsequently perform a portfolio analysis to investigate the risk return relationship. LÄS MER
2. The Distress Risk Puzzle in Turbulent Times - Default risk during the financial crises
C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiSammanfattning : Studies on whether risk of default is systematic or not have led to the discovery of the distress risk puzzle. It is a rather new anomaly and its implications are that empirical evidence seems to indicate that higher default risk results in lower returns. LÄS MER