Bankruptcy spillovers

S Bernstein, E Colonnelli, X Giroud, B Iverson - Journal of Financial …, 2019 - Elsevier
… We also explore how the spillover effects differ depending on the “fate” of the bankrupt
that the negative spillovers on local employment are larger if the bankrupt establishment stays …

Bankruptcy spillover effects on strategic alliance partners

AL Boone, VI Ivanov - Journal of Financial Economics, 2012 - Elsevier
spillover effects when the other partner files for bankruptcy. We find that the non-bankrupt
price reaction around their partner firm's bankruptcy filing announcement. This negative effect …

Spillovers from good-news and other bankruptcies: Real effects and price responses

N Baranchuk, MJ Rebello - Journal of Financial Economics, 2018 - Elsevier
… good-news bankruptcies and bad-news bankruptcies, ie, bankruptcies that … bankruptcies
generate real spillovers to competitors’ operating and financial decisions, as well as spillovers

Intra‐industry spillover effects: Evidence from bankruptcy filings

N Le, PTH Ngo - Journal of Business Finance & Accounting, 2022 - Wiley Online Library
bankruptcy on the investment policies of surviving industry peers. It is important to study the
spillover effects of bankruptcy … with bankruptcy, thus informing the design of future bankruptcy

[PDF][PDF] Social spillovers in personal bankruptcies

A Dick, A Lehnert, G Topa - Federal Reserve Bank of New York …, 2008 - newyorkfed.org
… In the US over our sample period, bankruptcy laws are mainly determined … spillovers, if any.
The results are mixed: in the early law change episodes we find some evidence of spillovers

Financial firm bankruptcy and contagion

J Helwege, G Zhang - Review of Finance, 2016 - academic.oup.com
… The Lehman bankruptcy highlights the potential for … significant factors in creating spillover
effects. Counterparty contagion is … has a larger impact in cases of distress than in bankruptcies. …

Spreading the misery? Sources of bankruptcy spillover in the supply chain

M Kolay, M Lemmon, E Tashjian - Journal of Financial and …, 2016 - cambridge.org
… from bankruptcy as a standalone firm. If partner replacement costs are an important determinant
of spillover … firm will emerge from bankruptcy, the lower the spillover costs should be. …

Bankruptcy spillovers and stock price crash risk of non-bankrupt firms

MVK Jagannath, RM Ladkani - Finance Research Letters, 2024 - Elsevier
… financially distressed non-bankrupt firms. We also find that the creditor-in-… bankruptcy
regime moderates the adverse effects of bankruptcy spillovers on the crash risk of non-bankrupt

New evidence of spillovers in personal bankruptcy using point-coded data

J Grana, ME Hansen - Spatial Economic Analysis, 2019 - Taylor & Francis
… It suggests that information sharing drives bankruptcy spillovers if lags are bigger at the …
mechanism in bankruptcy spillovers, we use new data on all filers for bankruptcy in Maryland that …

Effects of advertising and R&D on spillovers from a rival's bankruptcy

N Jindal, RJ Slotegraaf - Journal of the Academy of Marketing Science, 2024 - Springer
… To understand marketing’s effect on bankruptcy spillovers, we draw from screening theory
and the role of disabling conditions from information processing theory. Screening theory …