“In the Path of the Storm: Does Distress Risk Cause Industrial Firms to Risk-Shift?
Kevin Aretz, Shantanu Banerjee, Oksana Pryshchepa
Review of Finance, Volume 23, Issue 6, October 2019, Pages 1115–1154, https://doi.org/10.1093/rof/rfy028>
Moderately-distressed industrial firms risk-shift upon being hit by a hurricane strike by investing into high-risk, low-value segments.… Read more...
In the Path of the Storm: Does Distress Risk Cause Industrial Firms to Risk-Shift? Read More »