The Costs of Financial Distress Across Industries by Arthur G Korteweg :: SSRN
By construction, this sample is selected toward older firms that are likely to be less financially constrained (Hadlock and Pierce, 2010). In the regression for Column (4), we use an industry-adjusted measure of RE assets (Industry RE). This measure imputes the missing value of RE assets (post-1993) as the product of the PPE to total …
The Costs of Financial Distress Across Industries by Arthur G Korteweg :: SSRN Read More »
