The market characteristics of failed companies: Extensions and further evidence

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dc.contributor.author Castagna, A
dc.contributor.author Matolcsy, ZP
dc.date.accessioned 2011-02-07T06:27:08Z
dc.date.issued 1981-01
dc.identifier.citation Journal of Business Finance & Accounting, 1981, 8 (4), pp. 467 - 483
dc.identifier.issn 0306-686X
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/14045
dc.description.abstract This article presents an analysis of the market characteristics of failed companies. The analysis includes an identification of their systematic characteristics, examination of the characteristics and timing of their continuous price adjustment prior to failure, comparison of the characteristics and timing of their continuous price adjustment during an economic upswing and downswing and a contrast of the characteristics and timing of the continuous price adjustment of mining companies and industrial companies. A description of the experimental design is also presented in the study. The major findings of the study are: failed companies have a higher systematic risk, than the a-priori value of one and that the market on average adjusts the prices of failed companies approximately thirty months prior to failure. Finally, the results suggest that mining companies have a shorter price adjustment period than industrial companies.
dc.format Yes
dc.publisher Wiley-Blackwell Publishing Ltd.
dc.title The market characteristics of failed companies: Extensions and further evidence
dc.type Journal Article
dc.parent Journal of Business Finance & Accounting
dc.journal.volume 4
dc.journal.volume 8
dc.journal.number 4 en_US
dc.publocation United Kingdom en_US
dc.identifier.startpage 467 en_US
dc.identifier.endpage 483 en_US
dc.cauo.name BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.for 150103 Financial Accounting
dc.personcode 820027
dc.percentage 100 en_US
dc.classification.name Financial Accounting en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords NA en_US
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/School of Accounting
pubs.organisational-group /University of Technology Sydney/Strength - Corporate Governance
utslib.copyright.status Closed Access
utslib.copyright.date 2015-04-15 12:17:09.805752+10
utslib.collection.history Closed (ID: 3)


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