Bankruptcy and Product|Market Competition

Bankruptcy and product-market competition: Evidence from the ...

Reputation costs associated with a bankruptcy filing can reduce the demand for the carrier's flights. Opler and Titman (1994) show that highly leveraged firms ...

Bankruptcy and Product-Market Competition: Evidence from the ...

A previous version of this paper was circulated under the title “Financial Decisions, Bankruptcy, and Product-Market Competition in the Airline Industry”. All ...

Bankruptcy and Product-Market Competition in the Airline Industry

We find: i) bankrupt airlines permanently downsize their national route structure, their airport-specific networks, and their route-specific ...

Bankruptcy and Product-Market Competition: Evidence from the

We investigate the effects of Chapter 11 bankruptcy filings on product market competition using data from the US airline industry. We find that bankrupt ...

Bankruptcy and Product-Market Competition: Evidence from the ...

We investigate the effects of Chapter 11 bankruptcy filings on product market competition using data from the US airline industry. We find that ...

Bankruptcy and Product-Market Competition: Evidence from the ...

We investigate the effects of Chapter 11 bankruptcy filings on product market competition using data from the US airline industry.

Personal Bankruptcy and Credit Market Competition

We investigate empirically the relationship between credit market competition, lending to households, and personal bankruptcy rates in the United States. We ...

The impact of a competitor's Chapter 11 bankruptcy on firm risk-taking

A competitor's bankruptcy may lead to negative reactions in the stock market, thereby potentially influencing firm risk-taking. Industry sales ...

Bankruptcy and product-market competition: Evidence from the ...

By Federico Ciliberto and Carola Schenone; Abstract: We investigate the effects of Chapter 11 bankruptcy filings on product market competition using data ...

Financial contracts, bankruptcy and product market competition

Optimal contracts for diﬀerent environments are derived and studied. They include 'bankruptcy' games, which are designed to structure the parties' bargaining ...

Bankruptcy and Product-Market Competition: Evidence from the ...

We investigate the effects of Chapter 11 bankruptcy filings on product market competition using data from the US airline industry.

Opportunity or Challenge? Impact of Product Market Threats on a ...

Second, this study reveals product market threats' heterogenous effect; that is, product market competition is ... product market threats and bankruptcy risk is ...

Bankruptcy Risk, Product Market Competition and Horizontal Mergers

We demonstrate that a merger involving leveraged firms increases the bankruptcy probability of the merging firms while a similar merger concerning unleveraged ...

Corporate bankruptcy and banking competition: the effect of ...

While the bankruptcy rates of most firms are not affected by higher banking competition, high-leverage firms suffer much higher bankruptcy rates ...

Selling Innovation in Bankruptcy - Tuck School of Business

Our main measure of product market competition is the Herfindahl-Hirschman Index (HHI) at the 3-digit SIC level. The HHI is calculated as the.

Bankruptcy and product-market competition: Evidence ... - INFONA

We investigate the effects of Chapter 11 bankruptcy filings on product market competition using data from the US airline industry.

Corporate social responsibility and bankruptcy probability: Exploring ...

This means that an increase in market competition will increase the probability of bankruptcy or the more monopolistic the company, the less ...

Firm Exit Through Bankruptcy –The Effect of Accounting Bias on ...

Thus, the firms'expected profits are generally lower due to more intense product market competition. The intuition behind accounting conservatism possibly ...

Competitive Intra-industry Effects of - Bankruptcy Announcements

Lang and Stulz's data suggest that the market responds to the bankruptcy on the fil- ing date. We use the filing date as the event day. We do not use an ...

Corporate social responsibility and bankruptcy probability: Exploring ...

... bankruptcy is reduced due to high market entry ... Financial strength and product market competition: Evidence from asbestos litigation.